Ferro alloys are the categories that are composed of iron and other elements such as manganese, chromium, silicon, and copper, which play a crucial role in steel making due to their desirable properties like strength and durability.

The country being heavily dependent on the import of ferroalloys to meet the domestic demand has now led to development of a robust export industry that caters not only the domestic market acquisition but also fulfills the industrial acquisition of the global trade market.

The increasing demand from high-end users and the efficient productivity of the industrial sectors via government-implemented measures for technological revolution has led to an export trade value of ferroalloys worth 25 billion US dollars in 2024. The heavy investment of the Taiwanese companies in the research and development activities has been also improving the production techniques for developing new products tailoring the customer acquisition as per the international requirements.

Types of Ferroalloys Exported

Ferroalloys from Taiwan are being exported as per the globally demanded category. As per the Taiwan Export Data, the top 10 leading variants of ferroalloys exported from the nation in 2024 are,

1. Ferrosilicon - The export trade value of Ferrosilicon from Taiwan in 2024 - 12 billion US dollars.

2. Ferromanganese - The export trade value of Ferromanganese from Taiwan in 2024 - 8 billion US dollars.

3. Silicon Manganese - The export trade value of Silicon Manganese from Taiwan in 2024 - 7 billion US dollars.

4. Ferrochrome - The export trade value of Ferrochrome from Taiwan in 2024 - 6 billion US dollars.

5. Calcium Silicon - The export trade value of Calcium Silicon from Taiwan in 2024 - 5 billion US dollars.

6. Silicon Metal - The export trade value of Silicon Metal from Taiwan in 2024 - 4 billion US dollars.

7. Ferrotitanium - The export trade value of Ferrotitanium from Taiwan in 2024 - 2.5 billion US dollars.

8. Ferrophosphorus - The export trade value of Ferrophosphorus from Taiwan in 2024 - 1.8 billion US dollars.

9. Ferrosilicon Magnesium - The export trade value of Ferrosilicon Magnesium from Taiwan in 2024 - 1 billion US dollars.

10. Ferroboron - The export trade value of Ferroboron from Taiwan in 2024 - 654 million US dollars.

Major Export Trade Markets

The active trade of ferroalloys with regional trade areas is based on the quantity of shipments. According to the Taiwan Trade Data, the top 10 export trade partners of a nation for ferroalloys in 2024 are,

1. China - According to the China Import Data, the total annual valuation of ferroalloys exported from Taiwan to China in 2024 - 16 billion US dollars.

Top 5 variants of ferroalloys exported

1. Silicon Manganese
2. Ferromanganese
3. Chrome
4. Iron
5. Ferrotitanium

2. Japan - According to the Japan Import Data, the total annual valuation of ferroalloys exported from Taiwan to Japan in 2024 - 6 billion US dollars.

Top 5 variants of ferroalloys exported

1. Nickel Iron
2. Tungsten Carbide
3. Molybdenum Steel
4. Vanadium Iron
5. Vanadium Nitride

3. United States - According to the USA Import Data, the total annual valuation of ferroalloys exported from Taiwan to the United States in 2024 - 5 billion US dollars.

Top 5 variants of ferroalloys exported

1. Calcium Silicon
2. Ferroboron
3. Magnesium Ferrosilicon
4. Silicon Aluminum
5. Strontium Ferrosilicon

4. South Korea - According to the South Korea Import Data, the total annual valuation of ferroalloys exported from Taiwan to South Korea in 2024 - 3.2 billion US dollars.

Top 5 variants of ferroalloys exported

1. Zirconium Iron
2. Rare Earth Silicon Magnesium Alloy
3. Chromium Carbide
4. Titanium Aluminides
5. Ferromanganese

5. India - According to the India Import Data, the total annual valuation of ferroalloys exported from Taiwan to India in 2024 - 2.8 billion US dollars.

Top 5 variants of ferroalloys exported

1. Ferrotitanium
2. Ferrochrome
3. Silicon metal
4. Ferrophosphorus
5. Ferrosilicomanganese

6. Hong Kong - According to the Hong Kong Import Data, the total annual valuation of ferroalloys exported from Taiwan to Hong Kong in 2024 - 1.7 billion US dollars.

Top 5 variants of ferroalloys exported

1. Ferrovanadium
2. Ferrotungsten
3. Ferrosilicon zirconium
4. Silicon metal powder
5. High-purity magnesium ingot

7. Germany - According to the Germany Import Data, the total annual valuation of ferroalloys exported from Taiwan to Germany in 2024 - 1 billion US dollars.

Top 5 variants of ferroalloys exported

1. High-purity magnesium ingot
2. Molybdenum trioxide
3. Nickel metal powder
4. Ferrotungsten
5. Chromium metal powder

8. Vietnam - According to the Vietnam Import Data, the total annual valuation of ferroalloys exported from Taiwan to Vietnam in 2024 - 876 million US dollars.

Top 5 variants of ferroalloys exported

1. Vanadium pentoxide
2. Ferrosilicon barium
3. High-purity aluminum ingots
4. Manganese metal flakes
5. Silicomanganese

9. Thailand - According to the Thailand Import Data, the total annual valuation of ferroalloys exported from Taiwan to Thailand in 2024 - 654 million US dollars.

Top 5 variants of ferroalloys exported

1. Ferronickel
2. Silicon metal
3. Molybdenum alloys
4. Ferrovanadium
5. Ferrotitanium

10. Indonesia - According to the Indonesia Import Data, the total annual valuation of ferroalloys exported from Taiwan to Indonesia in 2024 - 432 million US dollars.

Top 5 variants of ferroalloys exported

1. Ferroniobium
2. Low carbon ferromanganese
3. Ferrovanadium
4. Molybdenum iron
5. Calcium silicon barium

Export Trade Statistics: (the Analysis of Previous 5 Years Ferroalloys Trade of Taiwan)

Top Ferroalloys Exporting Companies of Taiwan in 2024

Ferro Alloys are recorded as an important trade component of the export industry of Taiwan. As per the Taiwan Customs Data, the top companies responsible for the majority of the Ferro Alloys export of the nation in 2024 are,

1. China Steel Corporation (CSC) - The China Steel Corporation is still now one of the largest and the biggest Federal Alloy Producers in Taiwan and entire Asia. The authority established in 1971 has been rapidly expanding its production capacity via technological capabilities. The annual trade revenue share of 2024 is 22.7%.

2. Yieh United Steel Corp (YUSCO) - The authority is specialized in production of high-grade stainless steel products with various types of ferroalloys like low-carbon ferromanganese, medium-carbon ferromanganese, and ferronickel. The annual trade revenue share of the authority established in 1988 is around 15.2%.

3. China Man-Made Fiber Corporation (CMFC) - China Man-Made Fibre Corporation is the third-topmost Ferro-alloy producer of Taiwan. The authority, established in 1970, has been a pioneer to the production and export of Ferro-silicon alloys. The annual trade revenue share of 2024 is 10%.

Top Trade Policies Supporting the Ferroalloys Export of Taiwan in 2024

The ferroalloys export of Taiwan has been a key contributor to the overall economic growth. As per the Taiwan Customs Shipment Data, the top trade policies supporting the export of ferroalloys from the nation in 2024 are,

1. Free Trade Agreements (FTA) - The countries with active participation in the Free Trade Agreements with countries all over the world in the previous several years have recorded a high demand for ferroalloys from emerging markets like Japan and South Korea. The Free Trade Agreement has not only eliminated the tariff on ferroalloys but has also provided favorable market access for Taiwanese companies to expand their services.

2. Investment in Infrastructure - The several investments in infrastructure is implemented by the government authorities to ensure efficient and cost-effective transportation of ferroalloys from production facilities to the acquired destination ports. Improving road networks, ports, and railway systems are included under the several investment initiatives implemented by the government authorities.

3. Government Subsidies - This is one of the crucial initiatives supporting the investment of the government authorities in research and development within the Ferro Alloys industry. The active offering of subsidies to companies engaged in the production of Ferro Alloys has been empowering development of new technologies and processes to improve the product quality and expanding production capacity.

CONCLUSION

The Ferro Alloy serves a crucial role player in the economic growth of Taiwan; It is maintained by several initiatives implemented by the government. Import Globals gives a detailed analysis of the latest shipments of Ferro Alloys from Taiwan to other importing destinations, for giving proper detail to the business holders who are looking to expand their services via proper monitoring of the competitors, increasing engagement in different activities.

FAQ'S

Que. What is the export trade value of Ferro Alloys from Taiwan in 2024?
Ans. The export trade value of Ferro Alloys from Taiwan in 2024 is 24 billion US dollars.

Que. Name the top variant of ferroalloys exported from Taiwan in 2024.
Ans. Ferrosilicon is the top variant of ferroalloys exported from Taiwan in 2024.

Que. Who is the top export trade partner of Taiwan for ferroalloys in 2024?
Ans. China is the top export trade partner of Taiwan for ferroalloys in 2024.

Que. Where can you get a detailed trade analysis of the ferroalloys export of Taiwan in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the ferroalloys export of Taiwan in 2024.

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