2022
Exports
$2.7MWorld Rnk 142 / 212
Flag Rnk 268 / 1074
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$2.07MWorld Rnk 86 / 187
Flag Rnk 545 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $2.7M in Scrap Iron, making it the 142nd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 268th most exported product in Sri Lanka. The main destination of Scrap Iron exports from Sri Lanka are: India ($2.33M), Singapore ($220k), United Arab Emirates ($148k), Pakistan ($3.99k), and South Korea ($2.09k).

The fastest growing export markets for Scrap Iron of Sri Lanka between 2021 and 2022 were India ($902k), Singapore ($80.9k), and South Korea ($2.09k).

Imports In 2022, Sri Lanka imported $2.07M in Scrap Iron, becoming the 86th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 545th most imported product in Sri Lanka. Sri Lanka imports Scrap Iron primarily from: Malaysia ($850k), United States ($726k), Sweden ($445k), Maldives ($25.6k), and Australia ($19.2k).

The fastest growing import markets in Scrap Iron for Sri Lanka between 2021 and 2022 were Sweden ($445k), United States ($330k), and Maldives ($19.9k).

COMPANIES In 2023, leading companies such as SIGMA Corp (13) were at the forefront of shipping Scrap Iron from Sri Lanka to the United States.

Latest Trends

Oct 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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.7M
IMPORTS (2022)$2.07M
NET TRADE (2022)$638k

In 2022, Sri Lanka exported $2.7M in Scrap Iron. The main destinations of Sri Lanka exports on Scrap Iron were India ($2.33M), Singapore ($220k), United Arab Emirates ($148k), Pakistan ($3.99k), and South Korea ($2.09k).

In 2022, Sri Lanka imported $2.07M in Scrap Iron, mainly from Malaysia ($850k), United States ($726k), Sweden ($445k), Maldives ($25.6k), and Australia ($19.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
India$902k (63.3%)
Singapore$80.9k (58.2%)
South Korea$2.09k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Sri Lanka WERE (2021 - 2022):
United Arab Emirates-$201k (-57.6%)
Malaysia-$108k (-100%)
Israel-$4.73k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Scrap Iron were:
In 2022, Sri Lanka'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

Flow
View
TOP EXPORT POTENTIALIndia+ $2.51M
TOP IMPORT POTENTIALUnited States+ $493k

Scrap Iron’s highest export potential is India. With an export gap of $2.51M.   Scrap Iron’s highest import potential is United States with an import gap of $493k.

See methodology.

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