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720450 (Harmonized System 1992 for 6-digit)

2023
World Trade $67.2MRnk 4234 / 4644
2023
Top Exporter | Top Importer $10.3M | $7.51MSweden | Austria
2023
Product Complexity -0.45Rnk 3160 / 4656
2022 - 2023
Export Growth (CAGR) -32.7%Rnk 4310 / 4644
2023
Share of World Trade 0.0003%Rnk 4234 / 4644

About

Overview This page contains the latest trade data of Remelting scrap ingots, of iron or steel. In 2023, Remelting scrap ingots, of iron or steel were the world's 4234th most traded product, with a total trade of $67.2M. Between 2022 and 2023 the exports of Remelting scrap ingots, of iron or steel decreased by -32.7%, from $99.7M to $67.2M. Trade in Remelting scrap ingots, of iron or steel represent 0.0003% of total world trade.

Remelting scrap ingots, of iron or steel are a part of Scrap Iron.

Exports In 2023 the top exporters of Remelting scrap ingots, of iron or steel  were Sweden ($10.3M), France ($8.59M), Saudi Arabia ($5.63M), Syria ($4.34M), and Netherlands ($4.09M).

Imports In 2023 the top importers of Remelting scrap ingots, of iron or steel were Austria ($7.51M), Spain ($7.3M), Finland ($6.32M), Germany ($5.93M), and United Arab Emirates ($5.05M).

Ranking Remelting scrap ingots, of iron or steel ranks 3160th in the Product Complexity Index (PCI).

Description The common uses of remelting scrap ingots, of iron or steel are in the production of new iron or steel or to provide a source of clean, usable metal for other purposes.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Remelting scrap ingots, of iron or steel. 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)Sweden$10.3M
Top Destination (2023)Austria$7.51M

In 2023 Remelting scrap ingots, of iron or steel were the world's 4234th most traded product (out of 4,644).

In 2023, the top exporters of Remelting scrap ingots, of iron or steel were Sweden ($10.3M), France ($8.59M), Saudi Arabia ($5.63M), Syria ($4.34M), and Netherlands ($4.09M).

In 2023, the top importers of Remelting scrap ingots, of iron or steel were Austria ($7.51M), Spain ($7.3M), Finland ($6.32M), Germany ($5.93M), and United Arab Emirates ($5.05M).

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Exporters of Remelting scrap ingots, of iron or steel (2023)
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Importers of Remelting scrap ingots, of iron or steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Saudi Arabia$3.07M
Top Destination Growth (2022 -  2023)United Arab Emirates$3.72M

Between 2022 and 2023, the exports of Remelting scrap ingots, of iron or steel grew the fastest in Saudi Arabia ($3.07M), Sweden ($2.63M), Syria ($1.53M), Netherlands ($957k), and Germany ($860k).

Between 2022 and 2023, the fastest growing importers of Remelting scrap ingots, of iron or steel were United Arab Emirates ($3.72M), United Kingdom ($1.59M), United States ($1.06M), Jordan ($1.06M), and France ($619k).

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Exporters of Remelting scrap ingots, of iron or steel (2022 - 2023)

Importers of Remelting scrap ingots, of iron or steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Remelting scrap ingots, of iron or steel.

In 2023, market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Remelting scrap ingots, of iron or steel are explained by 21 countries.

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Value of Exports in Remelting scrap ingots, of iron or steel

Net Trade

TOP NET EXPORTER (2023)Sweden$10.3M
TOP NET IMPORTER (2023)Spain$7M

This map shows which countries export or import more of Remelting scrap ingots, of iron or steel. Each country is colored based on the difference in exports and imports of Remelting scrap ingots, of iron or steel during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Remelting scrap ingots, of iron or steel were Sweden ($10.3M), France ($6.76M), Saudi Arabia ($5.63M), Syria ($4.34M), and China ($2.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Remelting scrap ingots, of iron or steel were Spain ($7M), Finland ($6.32M), Turkey ($4.74M), Austria ($4.48M), and United Arab Emirates ($4.01M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Remelting scrap ingots, of iron or steel 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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