European Union | Imports and Exports | World | Ferro-alloys | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 7202 "Ferro-alloys." from European Union totalled $ 759 million in 2023. Sales of commodity group 7202 from European Union decreased by 19% in value terms compared to 2022. exports of commodity group 7202 "Ferro-alloys." decreased by $ 178 million (cumulative exports of commodity group 7202 from European Union amounted $937 million in 2022)
Exports of commodity group 7202 "Ferro-alloys." amounted to 0.027% of total exports from European Union (cumulative merchandise exports from European Union totalled $ 2.76 trillion in 2023). The share of commodity group 7202 in total exports from European Union decreased by 0.009 p.p. compared to 2022 (it was 0.037% in 2022 and cumulative exports from European Union were equal to $ 2.5 trillion).
Exports of commodity group 7202 amounted to 2.03% of total sales of group "" from European Union in 2023 (the value of exports of commodity group from European Union amounted to $37 billion in 2023). The share of exports of commodity group 7202 in sales of commodity group from European Union lowered by 0.39 p.p. compared to 2022 (it was 2.42% in 2022, and exports of commodity group from European Union were $38 billion).
Where does European Union export Ferro-alloys.?
Top export destinations of "Ferro-alloys." from European Union in 2023:
- USA with a share of 23% (181 million US$)
- Turkey with a share of 12.9% (98 million US$)
- United Kingdom with a share of 9.66% (73 million US$)
- Japan with a share of 7.82% (59 million US$)
- India with a share of 4.9% (37 million US$)
- Brazil with a share of 4.62% (35 million US$)
- Indonesia with a share of 4.61% (35 million US$)
- Mexico with a share of 3.39% (25 million US$)
- Ukraine with a share of 3.2% (24 million US$)
- Switzerland with a share of 2.59% (19.7 million US$)
Exports structure of 7202 - Ferro-alloys. - from European Union in 2023 represented by the following main commodity groups:
- 24% (186 million US$): 720241 - Ferro-chromium, cont. by wt. >4% of carbon, in granular/powder form
- 12.1% (92 million US$): 720249 - Ferro-chromium, other than that cont. by wt. >4% of carbon, in granular/powder form
- 10.9% (82 million US$): 720270 - Ferro-molybdenum, in granular/powder form
- 8.64% (65 million US$): 720221 - Ferro-silicon, cont. by wt. >55% of silicon, in granular/powder form
- 8.09% (61 million US$): 720229 - Ferro-silicon, other than that cont. >55% of silicon, in granular/powder form
- 7.87% (59 million US$): 720230 - Ferro-silico-manganese, in granular/powder form
- 7.29% (55 million US$): 720293 - Ferro-niobium, in granular/powder form
- 7.19% (54 million US$): 720292 - Ferro-vanadium, in granular/powder form
- 4.54% (34 million US$): 720291 - Ferro-titanium & ferro-silico-titanium, in granular/powder form
- 3.16% (24 million US$): 720299 - Ferro-alloys; n.e.s. in heading no. 7202
The value of imports of commodity group 7202 "Ferro-alloys." to European Union totalled $ 6.16 billion in 2023. Sales of commodity group 7202 to European Union decreased by 13% in value terms compared to 2022. imports of commodity group 7202 "Ferro-alloys." decreased by $ 924 million (the value of imports of commodity group 7202 to European Union was equal to $7.09 billion in 2022)
Imports of commodity group 7202 "Ferro-alloys." accounted for 0.227% of total import flow to European Union (in 2023, total imports to European Union amounted to $ 2.71 trillion). The share of commodity group 7202 in total imports to European Union decreased by 0.007 p.p. compared to 2022 (it was 0.234% in 2022 and cumulative imports to European Union were equal to $ 3.02 trillion).
Imports of commodity group 7202 reached 13.5% of total imports of group "" to European Union in 2023 (imports of commodity group to European Union totalled $45 billion in 2023). The share of purchases of commodity group 7202 in total imports of commodity group to European Union increased by 1.46 p.p. compared to 2022 (it was 12.1% in 2022, and imports of commodity group to European Union accounted for $58 billion).
Where does European Union import Ferro-alloys. from?
Top trading partners (import of "Ferro-alloys.") of European Union in 2023:
- Brazil with a share of 17.4% (1.07 billion US$)
- Norway with a share of 12.9% (796 million US$)
- Korea with a share of 8.26% (509 million US$)
- South Africa with a share of 7.53% (464 million US$)
- India with a share of 6.98% (430 million US$)
- United Kingdom with a share of 6.28% (387 million US$)
- Special Categories with a share of 4.36% (269 million US$)
- Kazakhstan with a share of 4.35% (268 million US$)
- Armenia with a share of 3.81% (235 million US$)
- Ukraine with a share of 3.64% (224 million US$)
Imports structure of 7202 - Ferro-alloys. - to European Union in 2023 represented by the following main commodity groups:
- 17.8% (1.1 billion US$): 720270 - Ferro-molybdenum, in granular/powder form
- 12.9% (801 million US$): 720221 - Ferro-silicon, cont. by wt. >55% of silicon, in granular/powder form
- 12.9% (799 million US$): 720260 - Ferro-nickel, in granular/powder form
- 12.1% (747 million US$): 720230 - Ferro-silico-manganese, in granular/powder form
- 11.8% (728 million US$): 720241 - Ferro-chromium, cont. by wt. >4% of carbon, in granular/powder form
- 9.08% (560 million US$): 720293 - Ferro-niobium, in granular/powder form
- 4.19% (258 million US$): 720211 - Ferro-manganese, cont. by wt. >2% of carbon, in granular/powder form
- 4.04% (249 million US$): 720219 - Ferro-manganese, other than that cont. by wt. >2% of carbon, in granular/powder form
- 3.14% (193 million US$): 720249 - Ferro-chromium, other than that cont. by wt. >4% of carbon, in granular/powder form
- 2.71% (167 million US$): 720229 - Ferro-silicon, other than that cont. >55% of silicon, in granular/powder form
