# HS 720221 Ferro-Silicon global trade data overview | Yugalinks

Reported global trade in ferro-silicon, containing by weight more than 55% of silicon reached $3.0B in 2024, with five-year annual growth of +0.8%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $2.9B | -9.9% | -6.1% |
| 2014 | $3.3B | +12.9% | -6.1% |
| 2015 | $2.8B | -13.4% | -4.1% |
| 2016 | $2.4B | -15.9% | -6.3% |
| 2017 | $3.0B | +24.8% | -3.1% |
| 2018 | $3.9B | +30.8% | +11.1% |
| 2019 | $2.9B | -25.5% | +6.7% |
| 2020 | $2.5B | -13.7% | -5.6% |
| 2021 | $4.4B | +75.8% | +4.2% |
| 2022 | $6.1B | +38.7% | +28.2% |
| 2023 | $3.7B | -38.8% | +14.3% |
| 2024 | $3.0B | -19.4% | -11.9% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Japan | $516.6M | -0.9% | 21 |
| Republic of Korea | $306.8M | +5.1% | 16 |
| USA | $248.4M | +5.8% | 30 |
| Germany | $223.1M | -3.4% | 45 |
| India | $179.7M | -3.1% | 22 |
| Netherlands | $147.0M | -5.1% | 39 |
| Turkey | $114.3M | +3.5% | 24 |
| Indonesia | $109.1M | +16.6% | 13 |
| Italy | $85.9M | -7.8% | 31 |
| China | $81.1M | +11.3% | 15 |
| Belgium | $80.1M | -3.4% | 24 |
| Taiwan | $79.9M | -1.2% | 18 |

_Source: reported merchandise trade data. Updated 2026-08-14._