HS 720241 Buyers of Ferro-chrome

Ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon. World imports reached $8.86B in 2023.

Top buyers · Open tenders (29)

Top importing countries

World imports $8.86B (2023, 93 reporting countries, UN Comtrade).

#CountryImportsShare
1China$3.96B44.7%
2Indonesia$1.16B13.1%
3Japan$877.2M9.9%
4Rep. of Korea$566.6M6.4%
5USA$525.5M5.9%
6Germany$257.0M2.9%
7Belgium$211.6M2.4%
8Netherlands$185.7M2.1%
9Spain$154.1M1.7%
10Other Asia, nes$111.5M1.3%

Open government tenders

EU, UK and World Bank notices · updated 16 Oct 2026 · check full notice before bidding

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Exporting from India? Duty & RoDTEP rates

Basic customs duty (MFN)

5%

Applied MFN rate, 1 tariff line(s), WITS 2023. Excludes AIDC & SWS.

RoDTEP (export incentive)

Not listed

DGFT Appendix 4R, w.e.f. 10 Oct 2024.

IGST & duty drawback

Check official schedule

IGST: CBIC GST rates · Drawback: CBIC drawback schedule.

Related HS codes