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720449 (Harmonized System 1992 for 6-digit)

2023
World Trade $29.8BRnk 102 / 4644
2023
Top Exporter | Top Importer $5.71B | $7.16BUnited States | Turkey
2023
Product Complexity -0.68Rnk 3466 / 4656
2022 - 2023
Export Growth (CAGR) -14.5%Rnk 3177 / 4644
2023
Share of World Trade 0.13%Rnk 102 / 4644

About

Overview This page contains the latest trade data of Ferrous waste or scrap, nes. In 2023, Ferrous waste or scrap, nes were the world's 102nd most traded product, with a total trade of $29.8B. Between 2022 and 2023 the exports of Ferrous waste or scrap, nes decreased by -14.5%, from $34.8B to $29.8B. Trade in Ferrous waste or scrap, nes represent 0.13% of total world trade.

Ferrous waste or scrap, nes are a part of Scrap Iron.

Exports In 2023 the top exporters of Ferrous waste or scrap, nes  were United States ($5.71B), United Kingdom ($2.51B), Germany ($1.96B), Japan ($1.92B), and France ($1.76B).

Imports In 2023 the top importers of Ferrous waste or scrap, nes were Turkey ($7.16B), India ($4.03B), Bangladesh ($1.56B), Italy ($1.44B), and Egypt ($1.26B).

Ranking Ferrous waste or scrap, nes ranks 3466th in the Product Complexity Index (PCI).

Description Ferrous waste or scrap is used in the manufacture of new steel.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Ferrous waste or scrap, nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$5.71B
Top Destination (2023)Turkey$7.16B

In 2023 Ferrous waste or scrap, nes were the world's 102nd most traded product (out of 4,644).

In 2023, the top exporters of Ferrous waste or scrap, nes were United States ($5.71B), United Kingdom ($2.51B), Germany ($1.96B), Japan ($1.92B), and France ($1.76B).

In 2023, the top importers of Ferrous waste or scrap, nes were Turkey ($7.16B), India ($4.03B), Bangladesh ($1.56B), Italy ($1.44B), and Egypt ($1.26B).

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Exporters of Ferrous waste or scrap, nes (2023)
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Importers of Ferrous waste or scrap, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Poland$57.9M
Top Destination Growth (2022 -  2023)India$772M

Between 2022 and 2023, the exports of Ferrous waste or scrap, nes grew the fastest in Poland ($57.9M), Malaysia ($52.7M), New Zealand ($44.6M), Brazil ($42.1M), and Seychelles ($38.4M).

Between 2022 and 2023, the fastest growing importers of Ferrous waste or scrap, nes were India ($772M), Morocco ($81.8M), Moldova ($74.1M), Portugal ($73.2M), and Italy ($60.7M).

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Exporters of Ferrous waste or scrap, nes (2022 - 2023)

Importers of Ferrous waste or scrap, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferrous waste or scrap, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Ferrous waste or scrap, nes are explained by 30 countries.

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Value of Exports in Ferrous waste or scrap, nes

Net Trade

TOP NET EXPORTER (2023)United States$4.86B
TOP NET IMPORTER (2023)Turkey$7.16B

This map shows which countries export or import more of Ferrous waste or scrap, nes. Each country is colored based on the difference in exports and imports of Ferrous waste or scrap, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ferrous waste or scrap, nes were United States ($4.86B), United Kingdom ($2.46B), Japan ($1.91B), France ($1.51B), and Germany ($1.11B).

In 2023, the countries that had a largest trade value in imports than in exports of Ferrous waste or scrap, nes were Turkey ($7.16B), India ($4.03B), Bangladesh ($1.56B), Egypt ($1.26B), and Italy ($1.17B).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Ferrous waste or scrap, nes.
It is possible to select the main countries that export or import Ferrous waste or scrap, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferrous waste or scrap, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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