⚙️ Ferroalloys

This visualization shows trends on Ferroalloys, displaying Trade Value indicator, which represents the total monetary value of traded goods during a period, reflecting the nominal worth of imports or exports.

Countries are shown based on data availability. For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

*Data was converted to USD using the exchange rates month.

In 2023, the leading exporters of Ferroalloys were Indonesia ($14.8B), South Africa ($5.33B), and Brazil ($4.25B).

In the same year, the main importers of Ferroalloys were China ($21.1B), United States ($2.99B), and Netherlands ($2.49B).

The map shows the trade balance in Ferroalloys for 2023. Colors represent the difference between each country’s export and import values. Shades of green indicate a trade surplus (exports largest than imports), while shades of red represent a trade deficit (imports largest than exports).

In 2023, the countries with the largest trade surpluses in Ferroalloys were Indonesia ($13.1B), South Africa ($5.21B), and Brazil ($4.04B).

Conversely, the countries with the largest trade deficits in Ferroalloys were China (-$19.4B), United States (-$2.86B), and Japan (-$2.3B).

In 2023, the most traded by-products worldwide within the Ferroalloys category, broken down to HS6 level, were Ferro-nickel ($18.8B), Ferro-chromium, >4% carbon ($9.75B), and Ferro-molybdenum ($3.81B).

To explore the trade of a specific product in a particular country in more detail, you can visit the bilateral product profiles.

The map is color-coded to represent the percentage share of Ferroalloys in each country's total exports. For example, a value of 10% indicates that 10% of a country’s total exports consist of Ferroalloys. Darker shades highlight countries that rely more heavily on this product category for their export revenues.

In 2023, the countries with the highest share of Ferroalloys in their export portfolios were New Caledonia (50.4%), Bhutan (46.5%), and North Korea (8.39%).

In 2022, India represented the largest export potential for Indonesia's Ferroalloys. Exports from Indonesia to India amounted to $299M, with a predicted export potential of $175M. This could lead to total exports of $473M, representing an increase of 58.5% compared to the current value.

The bar chart shows the countries with the highest export potential for Indonesia's Ferroalloys. The solid bar represents the current export value, while the hatched bar indicates the projected export value. Thus, the total length of each bar reflects the export potential to these countries.

The Complexity-Relatedness diagram compares the risk and strategic value of potential export opportunities for a product. Relatedness measures the likelihood that an economy will expand its exports to a specific product, while complexity is associated with higher income levels, economic growth, reduced inequality, and lower emissions. In the chart, a rightward movement reflects a higher probability of exporting a new product, and an upward movement indicates an increase in the complexity of the territory's productive matrix.

*In the chart, the size of the circles is proportional to the volume of exports of the product in each country.

*Relative relatedness captures variation within each country, while absolute relatedness compares across countries.