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Ferroalloys: top exporters and importers (2024)

In 2024, world trade in ferroalloys totaled $43.8 billion (26.3 million tonnes). The top exporters were Indonesia (30%), South Africa (12%) and Brazil (9%); the top importers were China (42%), the United States (6%) and the Netherlands (5%). Compared with 2019, the value rose 36%.

Summary

World trade
$43.8billion
Tonnes
26.3million tonnes
Price per tonne
$1,663
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Indonesia$13.3 billion · 30.4%
    see destinations
  2. South Africa$5.1 billion · 11.5%
    see destinations
  3. Brazil$4 billion · 9.1%
    see destinations
  4. India$2.8 billion · 6.5%
    see destinations
  5. Kazakhstan$2.7 billion · 6.2%
    see destinations
  6. China$1.5 billion · 3.3%
    see destinations
  7. Netherlands$1.4 billion · 3.1%
    re-exports
  8. Norway$1.3 billion · 3%
  9. South Korea$1.2 billion · 2.8%
  10. Malaysia$1 billion · 2.4%
  11. New Caledonia$692 million · 1.6%
  12. Russia$574 million · 1.3%
  13. Colombia$569 million · 1.3%
  14. United Kingdom$506 million · 1.2%
  15. Canada$462 million · 1.1%
  16. Zimbabwe$447 million · 1%
  17. Finland$364 million · 0.83%
  18. Georgia$334 million · 0.76%
  19. Germany$316 million · 0.72%
  20. Belgium$300 million · 0.68%
    re-exports

Top importers

  1. China$18.6 billion · 42.5%
    see sources
  2. United States$2.7 billion · 6.1%
    see sources
  3. Netherlands$2.2 billion · 5%
    re-exports · see sources
  4. Japan$2.2 billion · 4.9%
    see sources
  5. South Korea$1.8 billion · 4.1%
    see sources
  6. Indonesia$1.5 billion · 3.5%
    see sources
  7. Germany$1.5 billion · 3.5%
    see sources
  8. Italy$1.2 billion · 2.8%
  9. Mozambique$1.2 billion · 2.6%
  10. India$1 billion · 2.3%
  11. Turkey$831 million · 1.9%
  12. Taiwan$800 million · 1.8%
  13. Belgium$675 million · 1.5%
    re-exports
  14. Spain$552 million · 1.3%
  15. Sweden$496 million · 1.1%
  16. France$494 million · 1.1%
  17. Austria$350 million · 0.8%
  18. Canada$345 million · 0.79%
  19. United Arab Emirates$328 million · 0.75%
  20. United Kingdom$323 million · 0.74%

Trend

Who sells it

Indonesia has been the top exporter since 2020

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

  • Indonesia 13.3
  • South Africa 5.1
  • Brazil 4
  • India 2.8
  • Kazakhstan 2.7

Source: CEPII BACI

Show the numbers
Country19952024
Indonesia0.113.3
South Africa1.35.1
Brazil0.434
India0.212.8
Kazakhstan0.112.7

Price

Implied price

The price per tonne rose 78% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,663

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$937
1996$937
1997$885
1998$844
1999$691
2000$674
2001$652
2002$604
2003$800
2004$1,302
2005$1,522
2006$1,495
2007$1,977
2008$2,495
2009$1,620
2010$1,805
2011$2,055
2012$1,874
2013$1,681
2014$1,780
2015$1,392
2016$1,354
2017$1,655
2018$1,818
2019$1,640
2020$1,468
2021$2,005
2022$2,459
2023$1,942
2024$1,663

What it includes

  • 7202 · Ferroalloys

Products in the same chapter

Sources and methodology

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.

See all products