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.