Ferrous waste or scrap, nes720449 (Harmonized System 1992 for 6-digit)
2020 World Trade: $20B, Rnk 124 / 4613
2020 Top Exporter | Top Importer: $3.67B | $5.53B, United States | Turkey
2020 Product Complexity: -0.54, Rnk 3333 / 4783
2019 - 2020 Export Growth (CAGR): -4.25%, Rnk 1734 / 4613
2018 Mean Tariff: 2.52%, Rnk 6072 / 6538
2020 Share of World Trade: 0.12%, Rnk 124 / 4613
Overview This page contains the latest trade data of Ferrous waste or scrap, nes. In 2020, Ferrous waste or scrap, nes were the world's 124th most traded product, with a total trade of $20B. Between 2019 and 2020 the exports of Ferrous waste or scrap, nes decreased by -4.25%, from $20.8B to $20B. Trade in Ferrous waste or scrap, nes represent 0.12% of total world trade.
Ferrous waste or scrap, nes are a part of Scrap Iron.
Exports In 2020 the top exporters of Ferrous waste or scrap, nes were United States ($3.67B), Japan ($1.95B), United Kingdom ($1.54B), Netherlands ($1.46B), and Germany ($1.35B).
Imports In 2020 the top importers of Ferrous waste or scrap, nes were Turkey ($5.53B), Vietnam ($1.3B), Pakistan ($1.06B), South Korea ($902M), and Germany ($806M).
Tariffs In 2018 the average tariff for Ferrous waste or scrap, nes was 2.52%, making it the 6072nd lowest tariff using the HS6 product classification.
Ranking Ferrous waste or scrap, nes ranks 3333rd in the Product Complexity Index (PCI).
Description Ferrous waste or scrap is used in the manufacture of new steel.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): United States, $3.67B
Top Destination (2020): Turkey, $5.53B
Ferrous waste or scrap, nes are the world's 124th most traded product.
In 2020, the top exporters of Ferrous waste or scrap, nes were United States ($3.67B), Japan ($1.95B), United Kingdom ($1.54B), Netherlands ($1.46B), and Germany ($1.35B).
In 2020, the top importers of Ferrous waste or scrap, nes were Turkey ($5.53B), Vietnam ($1.3B), Pakistan ($1.06B), South Korea ($902M), and Germany ($806M).
Trade by country
Top Origin Growth (2019 - 2020): Netherlands, $235M
Top Destination Growth (2019 - 2020): Turkey, $629M
Between 2019 and 2020, the exports of Ferrous waste or scrap, nes grew the fastest in Netherlands ($235M), Belgium ($86.4M), Lithuania ($67.1M), Japan ($56.7M), and Venezuela ($55.4M).
Between 2019 and 2020, the fastest growing importers of Ferrous waste or scrap, nes were Turkey ($629M), Pakistan ($192M), Mexico ($180M), United States ($89.4M), and Thailand ($84.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Ferrous waste or scrap, nes.
In 2020, market concentration measured using Shannon Entropy, was 4.72. This means that most of the exports of Ferrous waste or scrap, nes are explained by 26 countries.
TOP NET EXPORTER (2020): United States, $3.16B
TOP NET IMPORTER (2020): Turkey, $5.53B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Ferrous waste or scrap, nes were United States ($3.16B), Japan ($1.92B), United Kingdom ($1.49B), Russia ($969M), and Netherlands ($963M).
In 2020, the countries that had a largest trade value in imports than in exports of Ferrous waste or scrap, nes were Turkey ($5.53B), Vietnam ($1.3B), Pakistan ($1.06B), South Korea ($873M), and India ($795M).
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.
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.
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