# HS 720293 Ferro-Niobium global trade data overview | Yugalinks

Reported global trade in ferro-niobium 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 | $2.0B | -12.9% | +2.5% |
| 2014 | $2.4B | +22.2% | +0.8% |
| 2015 | $2.1B | -11.1% | -1.9% |
| 2016 | $1.8B | -13.5% | -2.1% |
| 2017 | $2.2B | +17.9% | -3.2% |
| 2018 | $2.6B | +19.4% | +6.8% |
| 2019 | $2.9B | +10.8% | +16% |
| 2020 | $2.0B | -30.2% | -2.6% |
| 2021 | $2.8B | +37.8% | +2.1% |
| 2022 | $2.7B | -0.8% | -1.6% |
| 2023 | $2.9B | +6.1% | +13.2% |
| 2024 | $3.0B | +2.7% | +2.6% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $1.1B | +2.8% | 10 |
| Netherlands | $433.9M | -3.1% | 15 |
| USA | $272.8M | -3% | 6 |
| Republic of Korea | $207.4M | +4.1% | 5 |
| Japan | $169.4M | -0.9% | 10 |
| India | $151.9M | +15.5% | 11 |
| Singapore | $88.7M | -12.4% | 3 |
| Germany | $82.8M | +19.8% | 17 |
| Russia | $69.2M | -3.2% | 6 |
| Italy | $51.3M | +9.8% | 15 |
| Turkey | $30.8M | +5.5% | 15 |
| Mexico | $27.1M | +14.1% | 13 |

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