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Who buys China’s ferroalloys? Export destinations 2024

In 2024, China exported $1.5 billion of ferroalloys (784 thousand tonnes), 3.3% of the world total. Its main destinations were Japan (17%), South Korea (14%) and Indonesia (10%). China was the world’s 6th-largest exporter of ferroalloys.

Summary

Value
$1.5billion
Tonnes
784thousand tonnes
Share of world total
3.3%
World rank
6th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Japan243Tonnes: 134,896USD per tonne: $1,79916.6%Sea
South Korea207Tonnes: 122,992USD per tonne: $1,68514.2%Sea
Indonesia149Tonnes: 104,695USD per tonne: $1,42710.2%Sea
India93.8Tonnes: 48,376USD per tonne: $1,9396.4%Land
Russia68Tonnes: 7,099USD per tonne: $9,5784.7%Land
Taiwan64.4Tonnes: 33,597USD per tonne: $1,9184.4%Sea
Thailand56.2Tonnes: 38,649USD per tonne: $1,4553.8%Sea
Turkey44.2Tonnes: 23,965USD per tonne: $1,8433%Sea
Vietnam42.6Tonnes: 13,083USD per tonne: $3,2532.9%Land
Saudi Arabia41.1Tonnes: 49,686USD per tonne: $8282.8%Sea
Mexico40.8Tonnes: 26,024USD per tonne: $1,5692.8%Sea
Germany37.1Tonnes: 12,541USD per tonne: $2,9622.5%Sea
Malaysia31.4Tonnes: 19,313USD per tonne: $1,6272.2%Sea
United States29.8Tonnes: 14,477USD per tonne: $2,0592%Sea
Netherlands re-exports28.1Tonnes: 6,558USD per tonne: $4,2911.9%Sea
Austria22.5Tonnes: 1,941USD per tonne: $11,6051.5%Sea
United Kingdom20.6Tonnes: 2,772USD per tonne: $7,4271.4%Sea
Canada19.6Tonnes: 8,345USD per tonne: $2,3511.3%Sea
France19.1Tonnes: 2,771USD per tonne: $6,9041.3%Sea
Brazil16.5Tonnes: 7,442USD per tonne: $2,2231.1%Sea

Trend

Who it sells to

Japan has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • Japan 0.24
  • South Korea 0.21
  • Indonesia 0.15
  • India 0.09
  • Russia 0.07

Source: CEPII BACI

Show the numbers
Partner19952024
Japan0.460.24
South Korea0.20.21
Indonesia0.030.15
India0.010.09
Russia< 0.010.07

Sources and methodology

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Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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