2022
Exports
$508MWorld Rnk 21 / 212
Flag Rnk 242 / 1217
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$2.59BWorld Rnk 5 / 187
Flag Rnk 44 / 1215
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $508M in Scrap Iron, making it the 21st largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 242nd most exported product in Italy. The main destination of Scrap Iron exports from Italy are: Turkey ($181M), India ($56.4M), Slovenia ($48M), Germany ($35.8M), and France ($24.5M).

The fastest growing export markets for Scrap Iron of Italy between 2021 and 2022 were Turkey ($47.6M), Germany ($19.2M), and India ($17.2M).

Imports In 2022, Italy imported $2.59B in Scrap Iron, becoming the 5th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 44th most imported product in Italy. Italy imports Scrap Iron primarily from: Germany ($900M), France ($276M), Austria ($276M), Hungary ($222M), and Slovenia ($201M).

The fastest growing import markets in Scrap Iron for Italy between 2021 and 2022 were Netherlands ($14.2M), Canada ($4.7M), and Spain ($4.42M).

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

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-5.14M(-20.4%)
IMPORT GROWTH (August 2023 - August 2024)€-4.39M(-2.46%)
MAIN DESTINATION (August 2024)Turkey€10.5M

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 (2022)$508M
IMPORTS (2022)$2.59B
NET TRADE (2022)-$2.08B

In 2022, Italy exported $508M in Scrap Iron. The main destinations of Italy exports on Scrap Iron were Turkey ($181M), India ($56.4M), Slovenia ($48M), Germany ($35.8M), and France ($24.5M).

In 2022, Italy imported $2.59B in Scrap Iron, mainly from Germany ($900M), France ($276M), Austria ($276M), Hungary ($222M), and Slovenia ($201M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Turkey$47.6M (35.8%)
Germany$19.2M (116%)
India$17.2M (43.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Italy WERE (2021 - 2022):
France-$44.3M (-64.4%)
Belgium-$24.1M (-59.4%)
Pakistan-$13.8M (-40.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Scrap Iron were:
In 2022, Italy'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+ $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.

See methodology.

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