HS Icon Scrap Aluminium

7602 (Harmonized System 1992 for 4-digit)

World Trade (2018): $14.4B, Rnk 254 / 1225

Top Exporter (2018): $2.46B, United States

Top Importer (2018): $1.99B, India

Product Complexity (2018): -0.99, Rnk 815 / 1018

Export Growth (CAGR)(2017 - 2018): 6.28%, Rnk 924 / 1225

Mean Tariff (2018): 2.83%, Rnk 1157 / 1259

Share of World Trade (2018): 0.078%, Rnk 254 / 1225

Overview:  This page contains the latest trade data of Scrap Aluminium. In 2018, Scrap Aluminium were the world's 254th most traded product, with a total trade of $14.4B. Between 2017 and 2018 the exports of Scrap Aluminium grew by 6.28%, from  $13.5B to $14.4B. Trade in Scrap Aluminium represent 0.078% of total world trade.

Exports: In 2018 the top exporters of Scrap Aluminium  were United States ($2.46B), Germany ($1.65B), Canada ($892M), United Kingdom ($695M), and France ($602M).

Imports: In 2018 the top importers of Scrap Aluminium were India ($1.99B), China ($1.89B), Germany ($1.26B), South Korea ($1.11B), and United States ($1.09B).

Tariffs: In 2018 the average tariff for Scrap Aluminium was 2.83%, been the 1157 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Scrap Aluminium are Bahamas (40.2%), Bermuda (25%), Pakistan (16.1%), Tajikistan (13.1%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Scrap Aluminium ranks 815th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $2.46B

Top Destination (2018): India, $1.99B

Scrap Aluminium are the world's 254th most traded product.

In 2018, the top exporters of Scrap Aluminium were United States ($2.46B), Germany ($1.65B), Canada ($892M), United Kingdom ($695M), and France ($602M).

In 2018, the top importers of Scrap Aluminium were India ($1.99B), China ($1.89B), Germany ($1.26B), South Korea ($1.11B), and United States ($1.09B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $414M

Top Destination Growth (2017 - 2018): India, $316M

Between 2017 and 2018, the exports of Scrap Aluminium grew the fastest in United States ($414M), United Arab Emirates ($105M), Canada ($103M), Chinese Taipei ($74.9M), and Mexico ($73.2M).

Between 2017 and 2018, the fastest growing importers of Scrap Aluminium were India ($316M), Malaysia ($185M), Germany ($134M), Thailand ($117M), and Brazil ($105M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Scrap Aluminium.

In 2018,  market concentration measured using Shannon Entropy, was 5.07. This means that most of the exports of Scrap Aluminium are explained by 33 countries.

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TOP NET EXPORTER (2018): United States, $1.37B

TOP NET IMPORTER (2018): India, $1.98B

This map shows which countries export or import more of Scrap Aluminium. Each country is colored based on the difference in exports and imports of Scrap Aluminium during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Scrap Aluminium were United States ($1.37B), Canada ($687M), United Kingdom ($547M), Australia ($419M), and Germany ($384M).

In 2018, the countries that had a largest trade value in imports than in exports of Scrap Aluminium were India ($1.98B), China ($1.86B), South Korea ($1.09B), Italy ($638M), and Malaysia ($333M).

Trade Forecasts

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This section shows forecasts for total trade for Scrap Aluminium. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Scrap Aluminium was 2.83%.  The countries with the highest tariffs for importing Scrap Aluminium were Bahamas (40.2%), Bermuda (25%), Pakistan (16.1%), Tajikistan (13.1%), and Romania (12.9%).

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Product Complexity

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Diversification Frontier

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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.