HS code · 6-digit subheading
HS Code 7202.92 – Ferro-alloys; ferro-vanadium
HS code 7202.92 is the 6-digit subheading for ferro-alloys, ferro-vanadium. It is used for ferro-vanadium lumps, ferro-vanadium powder, high-purity ferro-vanadium, low-carbon ferro-vanadium and vanadium pentoxide.
What HS 7202.92 covers
Ferro-vanadium, categorized under HS code 720292, is a vital ferro-alloy used to strengthen steel, particularly in high-strength low-alloy (HSLA) steels, tool steels, and spring steels. It significantly improves tensile strength, wear resistance, and fatigue strength, making it indispensable for applications in the automotive, construction, energy, and defense sectors. Key importers are countries with robust steel manufacturing and advanced engineering industries, such as China, the USA, and various European nations. Leading exporters include countries with substantial vanadium mining and processing operations, like South Africa, China, and Russia. The trade is highly sensitive to global steel demand, vanadium prices, and technological advancements in material science.
- Covers
- Ferro-vanadium lumps
- Ferro-vanadium powder
- High-purity ferro-vanadium
- Low-carbon ferro-vanadium
- Vanadium pentoxide
- Vanadium master alloy
- Examples
- Bushveld Minerals' ferro-vanadium
- Largo Resources' ferro-vanadium
- EVRAZ's ferro-vanadium
- Glencore's ferro-vanadium
Codes often confused with 7202.92
Common mistake. Can be confused with unwrought vanadium (8112) or other ferro-alloys, especially if the vanadium content is very high and the iron component is not emphasized.
Top exporters and importers of HS code 720292, 2025
In 2025, the largest exporter of HS code 720292 in UN Comtrade data was China, with 25% of world exports; the largest importer in UN Comtrade data was the United States, with 14% of world imports. Countries that did not report 2025 data are estimated from partner records, which can understate them.
Top exporters 2025 · share of world exports
- 1 China $101M 25% of world exports
- 2 Czechia $58M 15% of world exports
- 3 South Korea $56M 14% of world exports
World total: $397M Reported figures on UN Comtrade ↗
Top importers 2025 · share of world imports
- 1 United States $79M 14% of world imports
- 2 Germany $55M 10% of world imports
- 3 Netherlands $48M 8.8% of world imports
World total: $548M Reported figures on UN Comtrade ↗
How these figures are built
109 countries reported 2025 trade to UN Comtrade in HS 2022, and their own totals are used. Countries that did not report are estimated from what other countries recorded trading with them. Those estimates miss trade with other non-reporting countries, so they can be low, and a non-reporting country can rank higher than shown or be missing from the list. World totals add both and leave out trade between two non-reporting countries. Figures are in current US dollars; reported imports are mostly valued CIF and exports FOB, and exports include re-exports. The UN Comtrade links show the underlying records; they can also list a few reporters left out here (regional groups and older HS editions).
Source: UN Comtrade (United Nations Statistics Division), 2025 annual data.
Brazil NCM code for 7202.92
Brazil does not split HS 7202.92: its NCM code is 7202.92.00.
All Brazil NCM codes in heading 72.02 →
Source: Siscomex NCM table, updated Oct 2026. The Portuguese text is official; the English is our translation.
EU Regulatory Requirements
This product falls under the Carbon Border Adjustment Mechanism (CBAM). Importers to the EU must declare embedded carbon emissions and purchase CBAM certificates.
Questions about HS 7202.92
What is HS code 720292?
HS code 720292 is a 6-digit subheading in the Harmonized System that covers: Ferro-alloys; ferro-vanadium. Ferro-vanadium, categorized under HS code 720292, is a vital ferro-alloy used to strengthen steel, particularly in high-strength low-alloy (HSLA) steels, tool steels, and spring steels. It significantly improves tensile strength, wear resistance, and fatigue strength, making it indispensable for applications in the automotive, construction, energy, and defense sectors. Key importers are countries with robust steel manufacturing and advanced engineering industries, such as China, the USA, and various European nations. Leading exporters include countries with substantial vanadium mining and processing operations, like South Africa, China, and Russia. The trade is highly sensitive to global steel demand, vanadium prices, and technological advancements in material science.
What products fall under HS code 720292?
Ferro-vanadium lumps, Ferro-vanadium powder, High-purity ferro-vanadium, Low-carbon ferro-vanadium, Vanadium pentoxide, Vanadium master alloy
What are common misclassifications for HS code 720292?
Can be confused with unwrought vanadium (8112) or other ferro-alloys, especially if the vanadium content is very high and the iron component is not emphasized.
Which countries are the top exporters of goods under HS code 720292?
In 2025, the top exporters of HS code 720292 in UN Comtrade data were China ($101M, 25% of world exports), Czechia ($58M) and South Korea ($56M). World exports came to about $397M, adding countries' reported figures and partner-based estimates for those that did not report (UN Comtrade data). Countries that did not report 2025 data are estimated from partner records, which can understate them.
Which countries are the top importers of goods under HS code 720292?
In 2025, the top importers of HS code 720292 in UN Comtrade data were the United States ($79M, 14% of world imports), Germany ($55M) and the Netherlands ($48M). World imports came to about $548M, adding countries' reported figures and partner-based estimates for those that did not report (UN Comtrade data). Countries that did not report 2025 data are estimated from partner records, which can understate them.
How is HS code 720292 structured?
HS code 720292 is a 6-digit subheading under the Harmonized System. The first 2 digits (72) identify the chapter, digits 3-4 (02) identify the heading, and digits 5-6 (92) specify the subheading. This code is standardized globally by the World Customs Organization.
What is the Brazil NCM code for HS code 720292?
In Brazil, HS code 720292 is NCM 7202.92.00. The last two digits are 00 because Brazil does not split this HS code further.