2023
Exports
$504MWorld Rnk 17 / 207
Flag Rnk 239 / 1216
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$2.59BWorld Rnk 3 / 177
Flag Rnk 42 / 1213
2023
ECONOMIC COMPLEXITY of Italy
1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $504M in Scrap Iron, making it the 17th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 239th most exported product in Italy. The main destination of Scrap Iron exports from Italy are: Turkey ($164M), India ($86.4M), Slovenia ($45M), France ($30.3M), and Spain ($27M).

The fastest growing export markets for Scrap Iron of Italy between 2022 and 2023 were India ($16.9M), Austria ($10.7M), and Spain ($10.1M).

Imports In 2023, Italy imported $2.59B in Scrap Iron, becoming the 3rd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 42nd most imported product in Italy. Italy imports Scrap Iron primarily from: Germany ($844M), Austria ($310M), France ($226M), Slovenia ($209M), and Hungary ($196M).

The fastest growing import markets in Scrap Iron for Italy between 2022 and 2023 were United States ($153M), Venezuela ($74.4M), and Austria ($34.4M).

COMPANIES In 2023, leading companies such as Valbruna Stainless (66), Magna International (32), and Danfoss (1) were at the forefront of shipping Scrap Iron from Italy to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-12.2M(-24.9%)
IMPORT GROWTH (October 2023 - October 2024)€-36.5M(-18.8%)
MAIN DESTINATION (October 2024)Turkey€9.47M

This section shows Scrap Iron's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Scrap Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$504M
IMPORTS (2023)$2.59B
NET TRADE (2023)-$2.09B

In 2023, Italy exported $504M in Scrap Iron. The main destinations of Italy exports on Scrap Iron were Turkey ($164M), India ($86.4M), Slovenia ($45M), France ($30.3M), and Spain ($27M).

In 2023, Italy imported $2.59B in Scrap Iron, mainly from Germany ($844M), Austria ($310M), France ($226M), Slovenia ($209M), and Hungary ($196M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Italy WERE (2022 - 2023):
India$16.9M (24.4%)
Austria$10.7M (84.4%)
Spain$10.1M (59.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Italy WERE (2022 - 2023):
Turkey-$23.3M (-12.4%)
Pakistan-$17.8M (-64.3%)
Croatia-$11.2M (-45.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Scrap Iron were:
In 2023, Italy's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $30.5M
TOP IMPORT POTENTIALFrance+ $86.8M

Scrap Iron’s highest export potential is India. With an export gap of $30.5M.   Scrap Iron’s highest import potential is France with an import gap of $86.8M.

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