2023
Exports
$331kWorld Rnk 173 / 207
Flag Rnk 160 / 721
falsefalse India
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$27.1MWorld Rnk 61 / 177
Flag Rnk 73 / 1139

About

Exports In 2023, Nepal exported $331k in Scrap Iron, making it the 173rd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 160th most exported product in Nepal. The main destination of Scrap Iron exports from Nepal are: India ($331k).

Imports In 2023, Nepal imported $27.1M in Scrap Iron, becoming the 61st largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 73rd most imported product in Nepal. Nepal imports Scrap Iron primarily from: Belgium ($11.7M), Sweden ($5.79M), Netherlands ($2.99M), Germany ($2.22M), and Poland ($1.48M).

The fastest growing import markets in Scrap Iron for Nepal between 2022 and 2023 were Belgium ($11.4M), Sweden ($4.75M), and Netherlands ($2.99M).

Latest Trends

Dec 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 (2023)$331k
IMPORTS (2023)$27.1M
NET TRADE (2023)-$26.8M

In 2023, Nepal exported $331k in Scrap Iron. The main destinations of Nepal exports on Scrap Iron were India ($331k).

In 2023, Nepal imported $27.1M in Scrap Iron, mainly from Belgium ($11.7M), Sweden ($5.79M), Netherlands ($2.99M), Germany ($2.22M), and Poland ($1.48M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Nepal WERE (2022 - 2023):India-$88.8k (-21.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nepal's main exporting competitors in Scrap Iron were:
In 2023, Nepal's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $947k
TOP IMPORT POTENTIALGermany+ $271k

Scrap Iron’s highest export potential is India. With an export gap of $947k.   Scrap Iron’s highest import potential is Germany with an import gap of $271k.

See methodology.

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