2023
Exports
$36.9MWorld Rnk 73 / 207
Flag Rnk 65 / 945
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$1.8BWorld Rnk 6 / 177
Flag Rnk 4 / 1162
2023
ECONOMIC COMPLEXITY of Bangladesh
-1.03Rnk 113 / 132

About

Exports In 2023, Bangladesh exported $36.9M in Scrap Iron, making it the 73rd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 65th most exported product in Bangladesh. The main destination of Scrap Iron exports from Bangladesh are: India ($35.3M), Japan ($846k), China ($481k), Chinese Taipei ($233k), and Thailand ($5.2k).

The fastest growing export markets for Scrap Iron of Bangladesh between 2022 and 2023 were China ($481k), Malaysia ($3.2k), and Thailand ($694).

Imports In 2023, Bangladesh imported $1.8B in Scrap Iron, becoming the 6th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 4th most imported product in Bangladesh. Bangladesh imports Scrap Iron primarily from: United States ($577M), Australia ($262M), Japan ($199M), United Kingdom ($197M), and Netherlands ($108M).

The fastest growing import markets in Scrap Iron for Bangladesh between 2022 and 2023 were Singapore ($79.7M), Australia ($74.4M), and Japan ($48.5M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Scrap Iron. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$36.9M
IMPORTS (2023)$1.8B
NET TRADE (2023)-$1.76B

In 2023, Bangladesh exported $36.9M in Scrap Iron. The main destinations of Bangladesh exports on Scrap Iron were India ($35.3M), Japan ($846k), China ($481k), Chinese Taipei ($233k), and Thailand ($5.2k).

In 2023, Bangladesh imported $1.8B in Scrap Iron, mainly from United States ($577M), Australia ($262M), Japan ($199M), United Kingdom ($197M), and Netherlands ($108M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Bangladesh WERE (2022 - 2023):
China$481k (1%)
Malaysia$3.2k (1%)
Thailand$694 (15.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Bangladesh WERE (2022 - 2023):
India-$14.3M (-28.8%)
Vietnam-$8.83M (-100%)
Chinese Taipei-$5.59M (-96%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bangladesh's main exporting competitors in Scrap Iron were:
In 2023, Bangladesh's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $39.9M
TOP IMPORT POTENTIALUnited Arab Emirates+ $12.7M

Scrap Iron’s highest export potential is India. With an export gap of $39.9M.   Scrap Iron’s highest import potential is United Arab Emirates with an import gap of $12.7M.

See methodology.

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