2022
Exports
$32.8MWorld Rnk 79 / 212
Flag Rnk 666 / 1212
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$5.65BWorld Rnk 2 / 187
Flag Rnk 16 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $32.8M in Scrap Iron, making it the 79th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 666th most exported product in India. The main destination of Scrap Iron exports from India are: Sweden ($10.8M), Vietnam ($8.33M), China ($3.38M), Bhutan ($2.44M), and Germany ($2.26M).

The fastest growing export markets for Scrap Iron of India between 2021 and 2022 were Sweden ($4.01M), China ($3.35M), and Germany ($1.06M).

Imports In 2022, India imported $5.65B in Scrap Iron, becoming the 2nd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 16th most imported product in India. India imports Scrap Iron primarily from: United States ($987M), United Arab Emirates ($871M), United Kingdom ($639M), Netherlands ($238M), and Canada ($209M).

The fastest growing import markets in Scrap Iron for India between 2021 and 2022 were United States ($565M), United Kingdom ($455M), and United Arab Emirates ($163M).

COMPANIES In 2023, leading companies such as Cinmar (8), SIGMA Corp (7), and At Home Procurement (6) were at the forefront of shipping Scrap Iron from India to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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)$32.8M
IMPORTS (2022)$5.65B
NET TRADE (2022)-$5.61B

In 2022, India exported $32.8M in Scrap Iron. The main destinations of India exports on Scrap Iron were Sweden ($10.8M), Vietnam ($8.33M), China ($3.38M), Bhutan ($2.44M), and Germany ($2.26M).

In 2022, India imported $5.65B in Scrap Iron, mainly from United States ($987M), United Arab Emirates ($871M), United Kingdom ($639M), Netherlands ($238M), and Canada ($209M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR India WERE (2021 - 2022):
Sweden$4.01M (58.7%)
China$3.35M (12k%)
Germany$1.06M (88.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY India WERE (2021 - 2022):
Togo-$5.89M (-100%)
Vietnam-$3.48M (-29.5%)
Chinese Taipei-$724k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.95M
TOP IMPORT POTENTIALUnited States+ $142M

Scrap Iron’s highest export potential is China. With an export gap of $5.95M.   Scrap Iron’s highest import potential is United States with an import gap of $142M.

See methodology.

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