720390 (Harmonized System 1992 for 6-digit)

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Overview This page contains the latest trade data of Spongy iron lumps, pellets, etc > 99.94% pure. In 2022, Spongy iron lumps, pellets, etc > 99.94% pure were the world's 3279th most traded product, with a total trade of $345M. Between 2021 and 2022 the exports of Spongy iron lumps, pellets, etc > 99.94% pure decreased by -36.1%, from $541M to $345M. Trade in Spongy iron lumps, pellets, etc > 99.94% pure represent 0.0015% of total world trade.

Spongy iron lumps, pellets, etc > 99.94% pure are a part of Iron Reductions.

Exports In 2022 the top exporters of Spongy iron lumps, pellets, etc > 99.94% pure  were United States ($166M), China ($34.6M), Russia ($34.4M), Venezuela ($26.9M), and France ($18.3M).

Imports In 2022 the top importers of Spongy iron lumps, pellets, etc > 99.94% pure were Mexico ($123M), Turkey ($61.6M), Netherlands ($37.8M), South Korea ($12.2M), and Pakistan ($11.6M).

Ranking Spongy iron lumps, pellets, etc > 99.94% pure ranks 4332nd in the Product Complexity Index (PCI).

Description Spongy iron is used for a variety of purposes. In the steel industry, spongy iron is used in the production of steel blooms, billets, and slabs. In the copper industry, spongy iron is used in the production of copper bars. In the aluminum industry, spongy iron is used in the production of aluminum ingots. In the glass industry, spongy iron is used in the production of glass rods. In the foundry industry, spongy iron is used in the production of sand cores.

Latest Data

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The following visualization shows the latest trends on Spongy iron lumps, pellets, etc > 99.94% pure. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)United States$166M
Top Destination (2022)Mexico$123M

In 2022 Spongy iron lumps, pellets, etc > 99.94% pure were the world's 3279th most traded product (out of 4,648).

In 2022, the top exporters of Spongy iron lumps, pellets, etc > 99.94% pure were United States ($166M), China ($34.6M), Russia ($34.4M), Venezuela ($26.9M), and France ($18.3M).

In 2022, the top importers of Spongy iron lumps, pellets, etc > 99.94% pure were Mexico ($123M), Turkey ($61.6M), Netherlands ($37.8M), South Korea ($12.2M), and Pakistan ($11.6M).

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Exporters of Spongy iron lumps, pellets, etc > 99.94% pure (2022)
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Importers of Spongy iron lumps, pellets, etc > 99.94% pure (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$27.2M
Top Destination Growth (2021 -  2022)Netherlands$33.3M

Between 2021 and 2022, the exports of Spongy iron lumps, pellets, etc > 99.94% pure grew the fastest in China ($27.2M), Venezuela ($15.3M), Oman ($11.3M), South Africa ($4.52M), and France ($4M).

Between 2021 and 2022, the fastest growing importers of Spongy iron lumps, pellets, etc > 99.94% pure were Netherlands ($33.3M), Mexico ($28.1M), Thailand ($7.85M), South Korea ($5.81M), and Chinese Taipei ($5.38M).

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Exporters of Spongy iron lumps, pellets, etc > 99.94% pure (2021 - 2022)

Importers of Spongy iron lumps, pellets, etc > 99.94% pure (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Spongy iron lumps, pellets, etc > 99.94% pure.

In 2022, market concentration measured using Shannon Entropy, was 2.94. This means that most of the exports of Spongy iron lumps, pellets, etc > 99.94% pure are explained by 7 countries.

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Value of Exports in Spongy iron lumps, pellets, etc > 99.94% pure

Net Trade

TOP NET EXPORTER (2022)United States$162M
TOP NET IMPORTER (2022)Turkey$61.6M

This map shows which countries export or import more of Spongy iron lumps, pellets, etc > 99.94% pure. Each country is colored based on the difference in exports and imports of Spongy iron lumps, pellets, etc > 99.94% pure during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Spongy iron lumps, pellets, etc > 99.94% pure were United States ($162M), China ($34.2M), Russia ($34.1M), Venezuela ($26.9M), and Oman ($11M).

In 2022, the countries that had a largest trade value in imports than in exports of Spongy iron lumps, pellets, etc > 99.94% pure were Turkey ($61.6M), Netherlands ($35.7M), South Korea ($12.1M), Pakistan ($11.6M), and Thailand ($7.12M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Spongy iron lumps, pellets, etc > 99.94% pure.
It is possible to select the main countries that export or import Spongy iron lumps, pellets, etc > 99.94% pure in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Spongy iron lumps, pellets, etc > 99.94% pure by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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