2022
Exports
$257MWorld Rnk 38 / 212
Flag Rnk 30 / 1168
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$3.93MWorld Rnk 76 / 187
Flag Rnk 680 / 1202
2022
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $257M in Scrap Iron, making it the 38th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 30th most exported product in New Zealand. The main destination of Scrap Iron exports from New Zealand are: Bangladesh ($83.3M), Australia ($31.5M), South Korea ($30.9M), Singapore ($19.9M), and India ($17.2M).

The fastest growing export markets for Scrap Iron of New Zealand between 2021 and 2022 were Bangladesh ($13.7M), Singapore ($6.71M), and United Arab Emirates ($6.41M).

Imports In 2022, New Zealand imported $3.93M in Scrap Iron, becoming the 76th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 680th most imported product in New Zealand. New Zealand imports Scrap Iron primarily from: Australia ($2.81M), Fiji ($616k), French Polynesia ($329k), Switzerland ($96.4k), and Suriname ($41.3k).

The fastest growing import markets in Scrap Iron for New Zealand between 2021 and 2022 were Australia ($279k), French Polynesia ($128k), and Switzerland ($96.4k).

Latest Trends

Sep 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)$257M
IMPORTS (2022)$3.93M
NET TRADE (2022)$253M

In 2022, New Zealand exported $257M in Scrap Iron. The main destinations of New Zealand exports on Scrap Iron were Bangladesh ($83.3M), Australia ($31.5M), South Korea ($30.9M), Singapore ($19.9M), and India ($17.2M).

In 2022, New Zealand imported $3.93M in Scrap Iron, mainly from Australia ($2.81M), Fiji ($616k), French Polynesia ($329k), Switzerland ($96.4k), and Suriname ($41.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
Bangladesh$13.7M (19.7%)
Singapore$6.71M (50.7%)
United Arab Emirates$6.41M (74.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY New Zealand WERE (2021 - 2022):
United States-$19.4M (-97.5%)
Vietnam-$12.6M (-47.3%)
Australia-$12.5M (-28.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, New Zealand's main exporting competitors in Scrap Iron were:
In 2022, New Zealand'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+ $16.3M
TOP IMPORT POTENTIALSwitzerland+ $64.1k

Scrap Iron’s highest export potential is India. With an export gap of $16.3M.   Scrap Iron’s highest import potential is Switzerland with an import gap of $64.1k.

See methodology.

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