# HS 720260 Ferro-Nickel global trade data overview | Yugalinks

Reported global trade in ferro-nickel reached $16.1B in 2024, with five-year annual growth of +20%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $3.9B | -18.9% | -1.8% |
| 2014 | $4.7B | +18.4% | -1.4% |
| 2015 | $3.6B | -22.1% | -9.2% |
| 2016 | $3.2B | -10.7% | -6.3% |
| 2017 | $4.5B | +38.9% | -1.1% |
| 2018 | $5.0B | +11.8% | +11.5% |
| 2019 | $6.5B | +28.6% | +25.9% |
| 2020 | $8.6B | +32.5% | +23.9% |
| 2021 | $11.7B | +35.7% | +32.2% |
| 2022 | $18.7B | +60.7% | +42.4% |
| 2023 | $18.5B | -1.2% | +29.2% |
| 2024 | $16.1B | -12.8% | +11.5% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $13.9B | +27.1% | 21 |
| Republic of Korea | $392.0M | +5.6% | 11 |
| India | $343.2M | -2.4% | 10 |
| Netherlands | $302.9M | +31.1% | 20 |
| Taiwan | $170.3M | -10.4% | 9 |
| USA | $160.4M | +1.6% | 10 |
| Italy | $140.6M | -8.8% | 26 |
| Japan | $129.1M | +3.5% | 9 |
| United Kingdom | $98.8M | +38.8% | 14 |
| Spain | $90.2M | -7.2% | 14 |
| Finland | $83.9M | +3.6% | 3 |
| Belgium | $67.5M | -20.4% | 9 |

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