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Exports In 2022, Brunei exported $22.8M in Scrap Iron, making it the 87th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 14th most exported product in Brunei. The main destination of Scrap Iron exports from Brunei are: Vietnam ($10.6M), South Korea ($4.18M), Malaysia ($3.24M), Singapore ($2.8M), and United States ($1.6M).

The fastest growing export markets for Scrap Iron of Brunei between 2021 and 2022 were United States ($1.6M) and Singapore ($418k).

Imports In 2022, Brunei imported $84.7k in Scrap Iron, becoming the 136th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 750th most imported product in Brunei. Brunei imports Scrap Iron primarily from: Malaysia ($84.6k), Malawi ($77), and Singapore ($13).

The fastest growing import markets in Scrap Iron for Brunei between 2021 and 2022 were Malaysia ($73.5k) and Malawi ($77).

Latest Trends

Oct 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 (2022)$22.8M
IMPORTS (2022)$84.7k
NET TRADE (2022)$22.7M

In 2022, Brunei exported $22.8M in Scrap Iron. The main destinations of Brunei exports on Scrap Iron were Vietnam ($10.6M), South Korea ($4.18M), Malaysia ($3.24M), Singapore ($2.8M), and United States ($1.6M).

In 2022, Brunei imported $84.7k in Scrap Iron, mainly from Malaysia ($84.6k), Malawi ($77), and Singapore ($13).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Brunei WERE (2021 - 2022):
United States$1.6M (1%)
Singapore$418k (17.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Brunei WERE (2021 - 2022):
Vietnam-$5.29M (-33.3%)
Malaysia-$4.17M (-56.2%)
South Korea-$1.78M (-29.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Brunei's main exporting competitors in Scrap Iron were:
In 2022, Brunei's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

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Scrap Iron’s highest export potential is N/A. With an export gap of N/A.   Scrap Iron’s highest import potential is N/A with an import gap of N/A.

See methodology.

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