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720229 (Harmonized System 1992 for 6-digit)

2022
World Trade $677MRnk 2622 / 4648
2022
Top Exporter | Top Importer $97.1M | $118MCanada | United States
2022
Product Complexity -0.61Rnk 3355 / 4653
2021 - 2022
Export Growth (CAGR) 10.6%Rnk 1545 / 4648
2022
Share of World Trade 0.0029%Rnk 2622 / 4648

About

Overview This page contains the latest trade data of Ferro-silicon, <55% silicon. In 2022, Ferro-silicon, <55% silicon were the world's 2622nd most traded product, with a total trade of $677M. Between 2021 and 2022 the exports of Ferro-silicon, <55% silicon grew by 10.6%, from $612M to $677M. Trade in Ferro-silicon, <55% silicon represent 0.0029% of total world trade.

Ferro-silicon, <55% silicon are a part of Ferroalloys.

Exports In 2022 the top exporters of Ferro-silicon, <55% silicon  were Canada ($97.1M), Norway ($87.7M), China ($75.8M), Netherlands ($68.9M), and South Africa ($43.2M).

Imports In 2022 the top importers of Ferro-silicon, <55% silicon were United States ($118M), Germany ($40.4M), Turkey ($39.6M), South Korea ($39M), and Italy ($38.8M).

Ranking Ferro-silicon, <55% silicon ranks 3355th in the Product Complexity Index (PCI).

Description Ferro-silicon is used in steel making, where it is needed to make the steel stronger. In steel making, ferro-silicon is combined with other elements to create steel, and the silicon makes the steel stronger. What is silicon carbide and how is it used? Silicon carbide is a hard, abrasive material that is used in cutting tools, abrasives, and electronics. What is the chemical formula for silicon? Si

Latest Trends

Latest Data

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The following visualization shows the latest trends on Ferro-silicon, <55% silicon. 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)Canada$97.1M
Top Destination (2022)United States$118M

In 2022 Ferro-silicon, <55% silicon were the world's 2622nd most traded product (out of 4,648).

In 2022, the top exporters of Ferro-silicon, <55% silicon were Canada ($97.1M), Norway ($87.7M), China ($75.8M), Netherlands ($68.9M), and South Africa ($43.2M).

In 2022, the top importers of Ferro-silicon, <55% silicon were United States ($118M), Germany ($40.4M), Turkey ($39.6M), South Korea ($39M), and Italy ($38.8M).

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Exporters of Ferro-silicon, <55% silicon (2022)
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Importers of Ferro-silicon, <55% silicon (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Canada$55.9M
Top Destination Growth (2021 -  2022)United States$81.8M

Between 2021 and 2022, the exports of Ferro-silicon, <55% silicon grew the fastest in Canada ($55.9M), China ($24.5M), Thailand ($12.5M), Brazil ($12M), and Germany ($11.3M).

Between 2021 and 2022, the fastest growing importers of Ferro-silicon, <55% silicon were United States ($81.8M), Australia ($11.1M), Mexico ($10.7M), Turkey ($10.1M), and Italy ($9.47M).

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Exporters of Ferro-silicon, <55% silicon (2021 - 2022)

Importers of Ferro-silicon, <55% silicon (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferro-silicon, <55% silicon.

In 2022, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Ferro-silicon, <55% silicon are explained by 20 countries.

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Value of Exports in Ferro-silicon, <55% silicon

Net Trade

TOP NET EXPORTER (2022)Canada$90M
TOP NET IMPORTER (2022)United States$106M

This map shows which countries export or import more of Ferro-silicon, <55% silicon. Each country is colored based on the difference in exports and imports of Ferro-silicon, <55% silicon during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Ferro-silicon, <55% silicon were Canada ($90M), Norway ($83.1M), China ($74.2M), Netherlands ($62.3M), and South Africa ($40M).

In 2022, the countries that had a largest trade value in imports than in exports of Ferro-silicon, <55% silicon were United States ($106M), Turkey ($39.1M), South Korea ($37.6M), Italy ($35.5M), and Mexico ($27.6M).

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 Ferro-silicon, <55% silicon.
It is possible to select the main countries that export or import Ferro-silicon, <55% silicon in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferro-silicon, <55% silicon 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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