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2023
Exports $3.15BWorld Rnk 3 / 207
Flag Rnk 19 / 1216
2023
Destination $234M India
2022 - 2023
FASTEST GROWING MARKET $234MIndia
2023
PRODUCT COMPLEXITY IN Scrap Iron-0.57Rnk 726 / 1025
2023
Imports $208MWorld Rnk 32 / 177
Flag Rnk 422 / 1214
2023
Origin $52.7M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $52.7MNetherlands
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $3.15B in Scrap Iron, making it the 3rd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 19th most exported product in United Kingdom. The main destination of Scrap Iron exports from United Kingdom are: India ($813M), Egypt ($544M), Turkey ($466M), Pakistan ($337M), and Bangladesh ($197M).

The fastest growing export markets for Scrap Iron of United Kingdom between 2022 and 2023 were India ($234M), Portugal ($54.5M), and Morocco ($21.7M).

Imports In 2023, United Kingdom imported $208M in Scrap Iron, becoming the 32nd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 422nd most imported product in United Kingdom. United Kingdom imports Scrap Iron primarily from: Netherlands ($55.9M), Ireland ($52M), Mexico ($18M), Sweden ($10.6M), and Spain ($10.2M).

The fastest growing import markets in Scrap Iron for United Kingdom between 2022 and 2023 were Netherlands ($52.7M), Sweden ($10.4M), and Spain ($8.61M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (42), Amazon (11), and Hilti Power Tools (1) were at the forefront of shipping Scrap Iron from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Scrap Iron exports accounted up to £264M and imports accounted up to £14.3M, resulting in a positive trade balance of £250M. Between November 2023 and November 2024 the exports of United Kingdom's   Scrap Iron have increased by £77.4M (41.4%) from £187M to £264M, while imports decreased by £-1.91M (-11.7%) from £16.3M to £14.3M.

Destinations In November 2024, Scrap Iron were exported mostly to Turkey (£83.9M), India (£34.9M), Morocco (£34.8M), Egypt (£31.1M), and Spain (£15.2M), and were imported mostly from Netherlands (£7.75M), Ireland (£3.38M), Turkey (£1.64M), Norway (£572k), and Israel (£170k).

Growth In November 2024, the increase in Scrap Iron's year-by-year exports was explained primarily by an increase in exports to India (£35.9M or 640%), Ireland (£10.2M or 46.2k%), and Morocco (£6.83M or 231%). In November 2024, the decrease in Scrap Iron's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-376k or -87.9%), Norway (£-198k or -15.3%), and Czechia (£-44.6k or -84.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£77.4M(41.4%)
IMPORT GROWTH (November 2023 - November 2024)£-1.91M(-11.7%)
MAIN EXPORTER (November 2024)Liverpool£98.2M
MAIN DESTINATION (November 2024)Turkey£83.9M

This section shows Scrap Iron's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Scrap Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.15B
IMPORTS (2023)$208M
NET TRADE (2023)$2.94B

In 2023, United Kingdom exported $3.15B in Scrap Iron. The main destinations of United Kingdom exports on Scrap Iron were India ($813M), Egypt ($544M), Turkey ($466M), Pakistan ($337M), and Bangladesh ($197M).

In 2023, United Kingdom imported $208M in Scrap Iron, mainly from Netherlands ($55.9M), Ireland ($52M), Mexico ($18M), Sweden ($10.6M), and Spain ($10.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
India$234M (40.3%)
Portugal$54.5M (62.3%)
Morocco$21.7M (18.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY United Kingdom WERE (2022 - 2023):
Turkey-$450M (-49.1%)
Bangladesh-$148M (-42.9%)
Saudi Arabia-$116M (-88.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Scrap Iron were:
United States $6.91B
Germany $4.54B
In 2023, United Kingdom'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 POTENTIALUnited States+ $49M
TOP IMPORT POTENTIALFrance+ $6.51M

Scrap Iron’s highest export potential is United States. With an export gap of $49M.   Scrap Iron’s highest import potential is France with an import gap of $6.51M.

See methodology.

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