Overview: In 2018, Scrap Iron were the world's 90th most traded product, with a total trade of $41.6B. Between 2017 and 2018 the exports of Scrap Iron grew by 22.1%, from $34.1B to $41.6B. Trade in Scrap Iron represent 0.23% of total world trade.
Exports: In 2018 the top exporters of Scrap Iron were United States ($5.95B), Germany ($4.17B), Japan ($3.28B), United Kingdom ($3.26B), and Netherlands ($3.1B).
Imports: In 2018 the top importers of Scrap Iron were Turkey ($6.47B), India ($3.18B), Belgium-Luxembourg ($2.9B), South Korea ($2.55B), and Italy ($2.05B).
Tariffs: In 2018 the average tariff for Scrap Iron was 2.68%, been the 1167 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Scrap Iron are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Algeria (12.4%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).
Ranking: Scrap Iron ranks 731st in the Product Complexity Index (PCI).