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720280 (Harmonized System 1992 for 6-digit)

2023
World Trade $124MRnk 3953 / 4644
2023
Top Exporter | Top Importer $64.8M | $28.5MChina | Austria
2023
Product Complexity -0.048Rnk 2620 / 4656
2022 - 2023
Export Growth (CAGR) -14.9%Rnk 3220 / 4644
2023
Share of World Trade 0.00055%Rnk 3953 / 4644

About

Overview This page contains the latest trade data of Ferro-tungsten and ferro-silico-tungsten. In 2023, Ferro-tungsten and ferro-silico-tungsten were the world's 3953rd most traded product, with a total trade of $124M. Between 2022 and 2023 the exports of Ferro-tungsten and ferro-silico-tungsten decreased by -14.9%, from $146M to $124M. Trade in Ferro-tungsten and ferro-silico-tungsten represent 0.00055% of total world trade.

Ferro-tungsten and ferro-silico-tungsten are a part of Ferroalloys.

Exports In 2023 the top exporters of Ferro-tungsten and ferro-silico-tungsten  were China ($64.8M), Netherlands ($21.8M), Belgium ($9.15M), Vietnam ($8.23M), and Brazil ($7.61M).

Imports In 2023 the top importers of Ferro-tungsten and ferro-silico-tungsten were Austria ($28.5M), Netherlands ($20.4M), Japan ($18.7M), Germany ($16.3M), and Belgium ($6.03M).

Ranking Ferro-tungsten and ferro-silico-tungsten ranks 2620th in the Product Complexity Index (PCI).

Description Ferro-tungsten and ferro-silico-tungsten are used in electrical and electronic devices because of their properties of high melting point, corrosion resistance, and high melting point. Ferro-tungsten and ferro-silico-tungsten are also used in medical and dental equipment, and in arc and welded rods.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Ferro-tungsten and ferro-silico-tungsten. 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 (2023)China$64.8M
Top Destination (2023)Austria$28.5M

In 2023 Ferro-tungsten and ferro-silico-tungsten were the world's 3953rd most traded product (out of 4,644).

In 2023, the top exporters of Ferro-tungsten and ferro-silico-tungsten were China ($64.8M), Netherlands ($21.8M), Belgium ($9.15M), Vietnam ($8.23M), and Brazil ($7.61M).

In 2023, the top importers of Ferro-tungsten and ferro-silico-tungsten were Austria ($28.5M), Netherlands ($20.4M), Japan ($18.7M), Germany ($16.3M), and Belgium ($6.03M).

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Exporters of Ferro-tungsten and ferro-silico-tungsten (2023)
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Importers of Ferro-tungsten and ferro-silico-tungsten (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Brazil$7.11M
Top Destination Growth (2022 -  2023)Austria$4.79M

Between 2022 and 2023, the exports of Ferro-tungsten and ferro-silico-tungsten grew the fastest in Brazil ($7.11M), Belgium ($6.09M), China ($5.95M), Vietnam ($5.08M), and Canada ($686k).

Between 2022 and 2023, the fastest growing importers of Ferro-tungsten and ferro-silico-tungsten were Austria ($4.79M), Belgium ($4.58M), Netherlands ($3.09M), Spain ($1.87M), and India ($1.05M).

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Exporters of Ferro-tungsten and ferro-silico-tungsten (2022 - 2023)

Importers of Ferro-tungsten and ferro-silico-tungsten (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferro-tungsten and ferro-silico-tungsten.

In 2023, market concentration measured using Shannon Entropy, was 2.41. This means that most of the exports of Ferro-tungsten and ferro-silico-tungsten are explained by 5 countries.

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Value of Exports in Ferro-tungsten and ferro-silico-tungsten

Net Trade

TOP NET EXPORTER (2023)China$64.6M
TOP NET IMPORTER (2023)Austria$28.3M

This map shows which countries export or import more of Ferro-tungsten and ferro-silico-tungsten. Each country is colored based on the difference in exports and imports of Ferro-tungsten and ferro-silico-tungsten during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ferro-tungsten and ferro-silico-tungsten were China ($64.6M), Vietnam ($8.22M), Brazil ($7.54M), Belgium ($3.13M), and Netherlands ($1.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Ferro-tungsten and ferro-silico-tungsten were Austria ($28.3M), Japan ($18.1M), Germany ($12.2M), Italy ($4.33M), and South Korea ($3.59M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Ferro-tungsten and ferro-silico-tungsten.
It is possible to select the main countries that export or import Ferro-tungsten and ferro-silico-tungsten in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferro-tungsten and ferro-silico-tungsten 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 (2023)

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