2023
Exports
$328MWorld Rnk 29 / 207
Flag Rnk 69 / 1207
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$1.14BWorld Rnk 15 / 177
Flag Rnk 10 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $328M in Scrap Iron, making it the 29th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 69th most exported product in Finland. The main destination of Scrap Iron exports from Finland are: Turkey ($196M), Sweden ($29.6M), India ($16.5M), Pakistan ($16.4M), and Estonia ($15.4M).

The fastest growing export markets for Scrap Iron of Finland between 2022 and 2023 were Turkey ($94.9M), Morocco ($2.76M), and Austria ($2.48M).

Imports In 2023, Finland imported $1.14B in Scrap Iron, becoming the 15th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 10th most imported product in Finland. Finland imports Scrap Iron primarily from: Germany ($512M), Netherlands ($301M), Poland ($212M), Sweden ($39.5M), and Lithuania ($32.7M).

The fastest growing import markets in Scrap Iron for Finland between 2022 and 2023 were Czechia ($15.1M), Lithuania ($5.12M), and United States ($905k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$328M
IMPORTS (2023)$1.14B
NET TRADE (2023)-$811M

In 2023, Finland exported $328M in Scrap Iron. The main destinations of Finland exports on Scrap Iron were Turkey ($196M), Sweden ($29.6M), India ($16.5M), Pakistan ($16.4M), and Estonia ($15.4M).

In 2023, Finland imported $1.14B in Scrap Iron, mainly from Germany ($512M), Netherlands ($301M), Poland ($212M), Sweden ($39.5M), and Lithuania ($32.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Finland WERE (2022 - 2023):
Turkey$94.9M (94%)
Morocco$2.76M (1%)
Austria$2.48M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Finland WERE (2022 - 2023):
Lithuania-$27.9M (-68.8%)
Estonia-$20.8M (-57.4%)
Pakistan-$18.3M (-52.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $16.8M
TOP IMPORT POTENTIALUnited Kingdom+ $17.2M

Scrap Iron’s highest export potential is India. With an export gap of $16.8M.   Scrap Iron’s highest import potential is United Kingdom with an import gap of $17.2M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with