2022
Exports
$911MWorld Rnk 12 / 212
Flag Rnk 31 / 1208
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$58.6MWorld Rnk 55 / 187
Flag Rnk 452 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $911M in Scrap Iron, making it the 12th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 31st most exported product in Australia. The main destination of Scrap Iron exports from Australia are: Bangladesh ($188M), Vietnam ($146M), Chinese Taipei ($135M), Indonesia ($108M), and India ($101M).

The fastest growing export markets for Scrap Iron of Australia between 2021 and 2022 were South Korea ($51.3M), Chinese Taipei ($32.9M), and India ($20.2M).

Imports In 2022, Australia imported $58.6M in Scrap Iron, becoming the 55th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 452nd most imported product in Australia. Australia imports Scrap Iron primarily from: New Zealand ($31.5M), United States ($24.1M), Fiji ($1.88M), Australia ($810k), and Papua New Guinea ($119k).

The fastest growing import markets in Scrap Iron for Australia between 2021 and 2022 were Fiji ($1.3M), Australia ($593k), and South Africa ($65.7k).

COMPANIES In 2023, leading companies such as CNH Industrial (1) were at the forefront of shipping Scrap Iron from Australia to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Scrap Iron. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$911M
IMPORTS (2022)$58.6M
NET TRADE (2022)$852M

In 2022, Australia exported $911M in Scrap Iron. The main destinations of Australia exports on Scrap Iron were Bangladesh ($188M), Vietnam ($146M), Chinese Taipei ($135M), Indonesia ($108M), and India ($101M).

In 2022, Australia imported $58.6M in Scrap Iron, mainly from New Zealand ($31.5M), United States ($24.1M), Fiji ($1.88M), Australia ($810k), and Papua New Guinea ($119k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Australia WERE (2021 - 2022):
South Korea$51.3M (240%)
Chinese Taipei$32.9M (32.1%)
India$20.2M (24.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Australia WERE (2021 - 2022):
Vietnam-$97M (-39.9%)
Indonesia-$22M (-16.9%)
Pakistan-$11M (-53.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Scrap Iron were:
In 2022, Australia's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $44.5M
TOP IMPORT POTENTIALUnited States+ $5.16M

Scrap Iron’s highest export potential is India. With an export gap of $44.5M.   Scrap Iron’s highest import potential is United States with an import gap of $5.16M.

See methodology.

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