2023
Exports
$25.3MWorld Rnk 87 / 207
Flag Rnk 136 / 1129
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$1.17BWorld Rnk 14 / 177
Flag Rnk 5 / 1174
2023
ECONOMIC COMPLEXITY of Pakistan
-0.55Rnk 89 / 132

About

Exports In 2023, Pakistan exported $25.3M in Scrap Iron, making it the 87th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 136th most exported product in Pakistan. The main destination of Scrap Iron exports from Pakistan are: China ($14.4M), Thailand ($3.49M), United Arab Emirates ($2.29M), Chinese Taipei ($1.63M), and United Kingdom ($1.29M).

The fastest growing export markets for Scrap Iron of Pakistan between 2022 and 2023 were China ($14.2M), Thailand ($3.07M), and Chinese Taipei ($1.26M).

Imports In 2023, Pakistan imported $1.17B in Scrap Iron, becoming the 14th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 5th most imported product in Pakistan. Pakistan imports Scrap Iron primarily from: United Kingdom ($337M), United Arab Emirates ($217M), United States ($123M), Belgium ($66.8M), and Poland ($64.4M).

The fastest growing import markets in Scrap Iron for Pakistan between 2022 and 2023 were United Arab Emirates ($35.2M), Germany ($13.7M), and Brazil ($8.67M).

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)$25.3M
IMPORTS (2023)$1.17B
NET TRADE (2023)-$1.14B

In 2023, Pakistan exported $25.3M in Scrap Iron. The main destinations of Pakistan exports on Scrap Iron were China ($14.4M), Thailand ($3.49M), United Arab Emirates ($2.29M), Chinese Taipei ($1.63M), and United Kingdom ($1.29M).

In 2023, Pakistan imported $1.17B in Scrap Iron, mainly from United Kingdom ($337M), United Arab Emirates ($217M), United States ($123M), Belgium ($66.8M), and Poland ($64.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Pakistan WERE (2022 - 2023):
China$14.2M (6.76k%)
Thailand$3.07M (734%)
Chinese Taipei$1.26M (344%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Pakistan WERE (2022 - 2023):
South Korea-$725k (-66.5%)
United Kingdom-$649k (-33.4%)
Denmark-$467k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Pakistan's main exporting competitors in Scrap Iron were:
In 2023, Pakistan'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 POTENTIALSouth Korea+ $1.54M
TOP IMPORT POTENTIALGermany+ $27.6M

Scrap Iron’s highest export potential is South Korea. With an export gap of $1.54M.   Scrap Iron’s highest import potential is Germany with an import gap of $27.6M.

See methodology.

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