2022
Exports
$310MWorld Rnk 33 / 212
Flag Rnk 193 / 1213
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$8.77BWorld Rnk 1 / 187
Flag Rnk 3 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $310M in Scrap Iron, making it the 33rd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 193rd most exported product in Turkey. The main destination of Scrap Iron exports from Turkey are: Spain ($88.5M), Netherlands ($69.7M), India ($60.2M), Finland ($19.6M), and South Korea ($12.7M).

The fastest growing export markets for Scrap Iron of Turkey between 2021 and 2022 were Finland ($19.6M), Vietnam ($11.2M), and Netherlands ($7.9M).

Imports In 2022, Turkey imported $8.77B in Scrap Iron, becoming the 1st largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 3rd most imported product in Turkey. Turkey imports Scrap Iron primarily from: United States ($1.62B), Netherlands ($990M), United Kingdom ($845M), Belgium ($621M), and Denmark ($453M).

The fastest growing import markets in Scrap Iron for Turkey between 2021 and 2022 were Israel ($72.8M), Croatia ($53.2M), and Italy ($47.6M).

COMPANIES In 2023, leading companies such as BSH Home Appliances (1) were at the forefront of shipping Scrap Iron from Turkey to the United States.

Latest Trends

Oct 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 (2022)$310M
IMPORTS (2022)$8.77B
NET TRADE (2022)-$8.46B

In 2022, Turkey exported $310M in Scrap Iron. The main destinations of Turkey exports on Scrap Iron were Spain ($88.5M), Netherlands ($69.7M), India ($60.2M), Finland ($19.6M), and South Korea ($12.7M).

In 2022, Turkey imported $8.77B in Scrap Iron, mainly from United States ($1.62B), Netherlands ($990M), United Kingdom ($845M), Belgium ($621M), and Denmark ($453M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Finland$19.6M (1%)
Vietnam$11.2M (1%)
Netherlands$7.9M (12.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Turkey WERE (2021 - 2022):
India-$29.3M (-32.7%)
Ukraine-$23.2M (-94.7%)
Spain-$21.6M (-19.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Scrap Iron were:
In 2022, Turkey's main importing competitors in Scrap Iron were:
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+ $33.4M
TOP IMPORT POTENTIALGermany+ $96.9M

Scrap Iron’s highest export potential is India. With an export gap of $33.4M.   Scrap Iron’s highest import potential is Germany with an import gap of $96.9M.

See methodology.

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