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720249 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.48BRnk 1780 / 4648
2022
Top Exporter | Top Importer $427M | $272MRussia | Japan
2022
Product Complexity -1.01Rnk 3836 / 4653
2021 - 2022
Export Growth (CAGR) 99.4%Rnk 61 / 4648
2022
Share of World Trade 0.0063%Rnk 1780 / 4648

About

Overview This page contains the latest trade data of Ferro-chromium, <4% carbon. In 2022, Ferro-chromium, <4% carbon were the world's 1780th most traded product, with a total trade of $1.48B. Between 2021 and 2022 the exports of Ferro-chromium, <4% carbon grew by 99.4%, from $743M to $1.48B. Trade in Ferro-chromium, <4% carbon represent 0.0063% of total world trade.

Ferro-chromium, <4% carbon are a part of Ferroalloys.

Exports In 2022 the top exporters of Ferro-chromium, <4% carbon  were Russia ($427M), Kazakhstan ($376M), Turkey ($164M), China ($117M), and Germany ($104M).

Imports In 2022 the top importers of Ferro-chromium, <4% carbon were Japan ($272M), United States ($250M), South Korea ($163M), Germany ($132M), and Netherlands ($87.1M).

Ranking Ferro-chromium, <4% carbon ranks 3836th in the Product Complexity Index (PCI).

Description Ferro-chromium has a low melting point, and can be heated to a higher temperature than carbon steel. It is used for manufacturing steels with a higher carbon content than is possible with carbon steel. Ferro-chromium can be used as a coating on other metals, such as iron, as a way of preventing corrosion.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Ferro-chromium, <4% carbon. 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)Russia$427M
Top Destination (2022)Japan$272M

In 2022 Ferro-chromium, <4% carbon were the world's 1780th most traded product (out of 4,648).

In 2022, the top exporters of Ferro-chromium, <4% carbon were Russia ($427M), Kazakhstan ($376M), Turkey ($164M), China ($117M), and Germany ($104M).

In 2022, the top importers of Ferro-chromium, <4% carbon were Japan ($272M), United States ($250M), South Korea ($163M), Germany ($132M), and Netherlands ($87.1M).

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Exporters of Ferro-chromium, <4% carbon (2022)
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Importers of Ferro-chromium, <4% carbon (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Russia$231M
Top Destination Growth (2021 -  2022)Japan$181M

Between 2021 and 2022, the exports of Ferro-chromium, <4% carbon grew the fastest in Russia ($231M), Kazakhstan ($208M), China ($82.8M), Germany ($55.2M), and Turkey ($49.8M).

Between 2021 and 2022, the fastest growing importers of Ferro-chromium, <4% carbon were Japan ($181M), United States ($171M), Germany ($78.3M), South Korea ($65.7M), and Netherlands ($30.2M).

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Exporters of Ferro-chromium, <4% carbon (2021 - 2022)

Importers of Ferro-chromium, <4% carbon (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferro-chromium, <4% carbon.

In 2022, market concentration measured using Shannon Entropy, was 3.13. This means that most of the exports of Ferro-chromium, <4% carbon are explained by 8 countries.

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Value of Exports in Ferro-chromium, <4% carbon

Net Trade

TOP NET EXPORTER (2022)Russia$418M
TOP NET IMPORTER (2022)Japan$254M

This map shows which countries export or import more of Ferro-chromium, <4% carbon. Each country is colored based on the difference in exports and imports of Ferro-chromium, <4% carbon during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Ferro-chromium, <4% carbon were Russia ($418M), Kazakhstan ($375M), Turkey ($146M), China ($111M), and Brazil ($42M).

In 2022, the countries that had a largest trade value in imports than in exports of Ferro-chromium, <4% carbon were Japan ($254M), United States ($240M), South Korea ($158M), Italy ($65.1M), and Spain ($55.8M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Ferro-chromium, <4% carbon.
It is possible to select the main countries that export or import Ferro-chromium, <4% carbon in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferro-chromium, <4% carbon 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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