# HS 720241 Ferro-Chromium global trade data overview | Yugalinks

Reported global trade in ferro-chromium, containing by weight more than 4% of carbon reached $8.9B in 2024, with five-year annual growth of +5.6%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $6.2B | -9% | -4% |
| 2014 | $6.5B | +4.7% | -4.2% |
| 2015 | $5.7B | -11.9% | -5.6% |
| 2016 | $5.7B | -0.3% | -2.7% |
| 2017 | $8.1B | +42.8% | +7.9% |
| 2018 | $8.1B | -0.4% | +12.3% |
| 2019 | $6.8B | -16.3% | +6% |
| 2020 | $5.5B | -18.2% | -12% |
| 2021 | $9.2B | +66.9% | +4.5% |
| 2022 | $10.2B | +10.6% | +14.7% |
| 2023 | $9.4B | -7.7% | +19.4% |
| 2024 | $8.9B | -5.8% | -1.3% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $3.6B | +7.4% | 19 |
| Mozambique | $1.2B | +36.6% | 2 |
| Japan | $704.5M | -0.6% | 17 |
| Indonesia | $647.2M | +1.8% | 9 |
| USA | $505.4M | +4.9% | 15 |
| Republic of Korea | $431.3M | -2.5% | 14 |
| Italy | $241.2M | +11.5% | 24 |
| Belgium | $222.9M | +3.3% | 13 |
| Netherlands | $217.8M | +13.4% | 35 |
| Germany | $174.8M | +2.5% | 33 |
| Taiwan | $128.7M | -0.7% | 12 |
| Spain | $104.7M | -4% | 17 |

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