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720410 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.91BRnk 1545 / 4648
2022
Top Exporter | Top Importer $343M | $184MUnited States | India
2022
Product Complexity -0.81Rnk 3602 / 4653
2021 - 2022
Export Growth (CAGR) -19.3%Rnk 4306 / 4648
2022
Share of World Trade 0.0081%Rnk 1545 / 4648

About

Overview This page contains the latest trade data of Waste or scrap, of cast iron. In 2022, Waste or scrap, of cast iron were the world's 1545th most traded product, with a total trade of $1.91B. Between 2021 and 2022 the exports of Waste or scrap, of cast iron decreased by -19.3%, from $2.36B to $1.91B. Trade in Waste or scrap, of cast iron represent 0.0081% of total world trade.

Waste or scrap, of cast iron are a part of Scrap Iron.

Exports In 2022 the top exporters of Waste or scrap, of cast iron  were United States ($343M), Germany ($153M), Netherlands ($136M), France ($128M), and Australia ($121M).

Imports In 2022 the top importers of Waste or scrap, of cast iron were India ($184M), Germany ($183M), Thailand ($157M), Turkey ($104M), and United States ($90.6M).

Ranking Waste or scrap, of cast iron ranks 3602nd in the Product Complexity Index (PCI).

Description Cast iron is an alloy that is made when iron is combined with carbon. Cast iron is not easily melted and is typically used to create temporary molds for metal pieces. It is also used in the production of parts for automobiles, machinery, and other large objects.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Waste or scrap, of cast iron. 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 (2022)United States$343M
Top Destination (2022)India$184M

In 2022 Waste or scrap, of cast iron were the world's 1545th most traded product (out of 4,648).

In 2022, the top exporters of Waste or scrap, of cast iron were United States ($343M), Germany ($153M), Netherlands ($136M), France ($128M), and Australia ($121M).

In 2022, the top importers of Waste or scrap, of cast iron were India ($184M), Germany ($183M), Thailand ($157M), Turkey ($104M), and United States ($90.6M).

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Exporters of Waste or scrap, of cast iron (2022)
[Click to Select a Country]

Importers of Waste or scrap, of cast iron (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)Israel$33M
Top Destination Decrease (2021 -  2022)Malaysia-$327M

Between 2021 and 2022, the exports of Waste or scrap, of cast iron grew the fastest in Israel ($33M), China ($17.5M), Syria ($9.86M), Philippines ($9.66M), and Finland ($7.78M).

Between 2021 and 2022, the fastest declining importers of Waste or scrap, of cast iron were Malaysia (-$327M), Estonia (-$65.5M), Greece (-$41.6M), Egypt (-$34.9M), and Spain (-$24.9M).

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Exporters of Waste or scrap, of cast iron (2021 - 2022)

Importers of Waste or scrap, of cast iron (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Waste or scrap, of cast iron.

In 2022, market concentration measured using Shannon Entropy, was 4.91. This means that most of the exports of Waste or scrap, of cast iron are explained by 29 countries.

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Value of Exports in Waste or scrap, of cast iron

Net Trade

TOP NET EXPORTER (2022)United States$252M
TOP NET IMPORTER (2022)India$181M

This map shows which countries export or import more of Waste or scrap, of cast iron. Each country is colored based on the difference in exports and imports of Waste or scrap, of cast iron during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Waste or scrap, of cast iron were United States ($252M), Australia ($121M), Lebanon ($111M), France ($84.4M), and United Kingdom ($68.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Waste or scrap, of cast iron were India ($181M), Thailand ($156M), Turkey ($99.3M), Pakistan ($89.9M), and Egypt ($67.2M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Waste or scrap, of cast iron 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 (2022)

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