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Where does China get its ferroalloys? Import sources 2024

In 2024, China imported $18.6 billion of ferroalloys (12.4 million tonnes), 42.5% of the world total. Indonesia sold 67% of the total, followed by South Africa (8%) and Brazil (7%). China was the world’s largest importer of ferroalloys.

Summary

Value
$18.6billion
Tonnes
12.4million tonnes
Share of world total
42.5%
World rank
1st
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Indonesia12.5Tonnes: 8,914,970USD per tonne: $1,40467.3%Sea
South Africa1.5Tonnes: 1,463,905USD per tonne: $1,0478.3%Sea
Brazil1.3Tonnes: 93,611USD per tonne: $13,5786.8%Sea
Kazakhstan1.2Tonnes: 1,004,110USD per tonne: $1,1606.3%Land
South Korea0.41Tonnes: 70,859USD per tonne: $5,8292.2%Sea
New Caledonia0.34Tonnes: 110,370USD per tonne: $3,0771.8%Sea
Zimbabwe0.31Tonnes: 277,273USD per tonne: $1,1081.7%Sea
Colombia0.29Tonnes: 80,573USD per tonne: $3,5901.6%Sea
India0.25Tonnes: 192,016USD per tonne: $1,2801.3%Land
Thailand0.11Tonnes: 3,737USD per tonne: $28,5930.57%Sea
Russia0.1Tonnes: 74,517USD per tonne: $1,3130.53%Sea
Dominican Republic0.09Tonnes: 9,994USD per tonne: $8,8250.47%Sea
Canada0.04Tonnes: 1,682USD per tonne: $21,9260.2%Sea
North Macedonia0.03Tonnes: 4,561USD per tonne: $7,6300.19%Sea
North Korea0.02Tonnes: 30,881USD per tonne: $6760.11%Sea
Oman0.02Tonnes: 15,381USD per tonne: $1,3320.11%Sea
Mozambique0.02Tonnes: 15,701USD per tonne: $9620.08%Sea
Malaysia0.01Tonnes: 5,563USD per tonne: $2,0640.06%Sea
Vietnam0.01Tonnes: 1,446USD per tonne: $7,0420.05%Land
Myanmar0.01Tonnes: 6,021USD per tonne: $1,6510.05%Land

Trend

Who it buys from

Indonesia has been its main source since 2019

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

  • Indonesia 12.5
  • South Africa 1.5
  • Brazil 1.3
  • Kazakhstan 1.2
  • South Korea 0.41

Source: CEPII BACI

Show the numbers
Partner19952024
Indonesia012.5
South Africa< 0.011.5
Brazil< 0.011.3
Kazakhstan01.2
South Korea< 0.010.41

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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