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Who buys India’s ferroalloys? Export destinations 2024

In 2024, India exported $2.8 billion of ferroalloys (2.4 million tonnes), 6.5% of the world total. Its main destinations were South Korea (10%), the United Arab Emirates (9%) and China (9%). India was the world’s 4th-largest exporter of ferroalloys.

Summary

Value
$2.8billion
Tonnes
2.4million tonnes
Share of world total
6.5%
World rank
4th
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
South Korea289Tonnes: 230,405USD per tonne: $1,25610.3%Sea
United Arab Emirates256Tonnes: 260,466USD per tonne: $9829.1%Sea
China246Tonnes: 192,016USD per tonne: $1,2808.7%Land
Japan193Tonnes: 169,346USD per tonne: $1,1406.8%Sea
Italy171Tonnes: 167,967USD per tonne: $1,0186.1%Sea
Taiwan140Tonnes: 105,133USD per tonne: $1,3325%Sea
Turkey139Tonnes: 113,843USD per tonne: $1,2214.9%Sea
Egypt135Tonnes: 122,810USD per tonne: $1,0974.8%Sea
United States117Tonnes: 80,058USD per tonne: $1,4604.1%Sea
Indonesia91.8Tonnes: 81,961USD per tonne: $1,1203.3%Sea
Netherlands re-exports87.3Tonnes: 73,784USD per tonne: $1,1833.1%Sea
Germany74.9Tonnes: 45,810USD per tonne: $1,6362.7%Sea
Canada72.7Tonnes: 62,728USD per tonne: $1,1592.6%Sea
Thailand61.6Tonnes: 59,098USD per tonne: $1,0422.2%Sea
Vietnam56.8Tonnes: 62,784USD per tonne: $9042%Sea
Brazil51.9Tonnes: 41,557USD per tonne: $1,2501.8%Sea
Malaysia48.6Tonnes: 47,050USD per tonne: $1,0331.7%Sea
Oman38.7Tonnes: 32,746USD per tonne: $1,1831.4%Sea
Saudi Arabia36.1Tonnes: 35,588USD per tonne: $1,0141.3%Sea
Bangladesh32.7Tonnes: 37,421USD per tonne: $8731.2%Sea

Trend

Who it sells to

South Korea has been its main destination since 2024

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

  • South Korea 289
  • United Arab Emirates 256
  • China 246
  • Japan 193
  • Italy 171

Source: CEPII BACI

Show the numbers
Partner19952024
South Korea28.3289
United Arab Emirates0.84256
China1.8246
Japan112193
Italy1.8171

Sources and methodology

Other products of this country

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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