2023
Exports
$23.9MWorld Rnk 91 / 207
Flag Rnk 717 / 1212
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$6.63BWorld Rnk 2 / 177
Flag Rnk 14 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $23.9M in Scrap Iron, making it the 91st largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 717th most exported product in India. The main destination of Scrap Iron exports from India are: Sweden ($12.1M), Bhutan ($3.19M), China ($2.28M), Germany ($1.87M), and United States ($696k).

The fastest growing export markets for Scrap Iron of India between 2022 and 2023 were Germany ($1.35M), Bhutan ($743k), and Netherlands ($440k).

Imports In 2023, India imported $6.63B in Scrap Iron, becoming the 2nd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 14th most imported product in India. India imports Scrap Iron primarily from: United States ($1.15B), United Kingdom ($813M), Poland ($294M), Malaysia ($262M), and Canada ($241M).

The fastest growing import markets in Scrap Iron for India between 2022 and 2023 were United States ($262M), United Kingdom ($234M), and Poland ($196M).

COMPANIES In 2023, leading companies such as Cinmar (8), SIGMA Corp (7), and At Home Procurement (6) were at the forefront of shipping Scrap Iron from India to the United States.

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)$23.9M
IMPORTS (2023)$6.63B
NET TRADE (2023)-$6.6B

In 2023, India exported $23.9M in Scrap Iron. The main destinations of India exports on Scrap Iron were Sweden ($12.1M), Bhutan ($3.19M), China ($2.28M), Germany ($1.87M), and United States ($696k).

In 2023, India imported $6.63B in Scrap Iron, mainly from United States ($1.15B), United Kingdom ($813M), Poland ($294M), Malaysia ($262M), and Canada ($241M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR India WERE (2022 - 2023):
Germany$1.35M (257%)
Bhutan$743k (30.4%)
Netherlands$440k (3.34k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY India WERE (2022 - 2023):
Vietnam-$8.33M (-100%)
United States-$653k (-48.4%)
France-$579k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.95M
TOP IMPORT POTENTIALUnited States+ $142M

Scrap Iron’s highest export potential is China. With an export gap of $5.95M.   Scrap Iron’s highest import potential is United States with an import gap of $142M.

See methodology.

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