Ferro-vanadium trade by country: top importers, exporters and prices
World trade in ferro-vanadium was worth $671.8 million in 2024, about 34.2 thousand tonnes. That is a fall of 27% since 2017, and down 20% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $671.8M | 34.2K t |
| 2023 | $835.4M | 34.5K t |
| 2022 | $1.10B | 38.5K t |
| 2021 | $989.8M | 41.4K t |
| 2020 | $674.7M | 40.9K t |
| 2019 | $1.40B | 53.2K t |
| 2018 | $2.19B | 62.7K t |
| 2017 | $923.8M | 46.9K t |
Top ferro-vanadium exporting countries
Exports are led by Austria (20%), China (19%) and the Czech Republic (16%). 55 countries reported exports, and the top three account for 55%.
| Exporter | Value | Share |
|---|---|---|
| Austria | $134.6M | 20% |
| China | $126.8M | 19% |
| Czech Republic | $105.3M | 16% |
| South Korea | $69.0M | 10% |
| South Africa | $65.9M | 9.8% |
| Netherlands | $37.8M | 5.6% |
| Canada | $33.3M | 5% |
| Russia | $12.3M | 1.8% |
| Japan | $9.5M | 1.4% |
| Germany | $8.9M | 1.3% |
| Latvia | $8.4M | 1.3% |
| Malaysia | $7.2M | 1.1% |
Top importing countries and buyer markets
The largest importers are the United States (13%), the Netherlands (12%) and Germany (10%). 84 countries imported it, and the top three take 34% of the value.
| Importer | Value | Share |
|---|---|---|
| United States | $87.7M | 13% |
| Netherlands | $77.4M | 12% |
| Germany | $65.5M | 9.8% |
| Japan | $48.7M | 7.3% |
| South Korea | $47.2M | 7% |
| Taiwan | $45.0M | 6.7% |
| Italy | $34.4M | 5.1% |
| India | $25.8M | 3.9% |
| Turkey | $23.3M | 3.5% |
| Poland | $18.5M | 2.8% |
| Spain | $14.8M | 2.2% |
| Canada | $14.5M | 2.2% |
Average price per kg
The world average declared value was about $19.65 per kg in 2024. Among the main exporters, South Korea averaged $22.60 per kg and Russia $18.11 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
The shipment records behind Ferro-vanadium (HS 7202.92) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7202.92: Ferro-alloys: ferro-vanadium. HS 7202 codes.
Common questions
Which countries export the most ferro-vanadium?
Austria exported $134.6 million in 2024, 20% of the world total, followed by China (19%) and the Czech Republic (16%). In all, 55 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most ferro-vanadium?
The United States imported $87.7 million in 2024, 13% of world imports, ahead of the Netherlands (12%) and Germany (10%). The top three importers together take 34%. Each country with its own page is linked from the table.
How big is the world trade in ferro-vanadium?
It was worth $671.8 million in 2024, about 34.2 thousand tonnes. That is a fall of 27% since 2017. The peak year was 2018 at $2.19 billion. 55 countries reported exports and 84 reported imports.
What is the average price of ferro-vanadium per kg?
The world average declared value was about $19.65 per kg in 2024. Among the main exporters, South Korea averaged $22.60 per kg and Russia $18.11 per kg, so grade and origin matter. Read it as a benchmark: it blends all grades, origins and contract terms.
What is the HS code for ferro-vanadium?
The HS code for ferro-vanadium is subheading 7202.92, in chapter 72 (iron and steel). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 7202 page.
How can I find ferro-vanadium buyers and suppliers?
EximDataX shows the importers and exporters of ferro-vanadium by name, from shipment-level customs records updated weekly. Ask for a live look at the markets you sell to.
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