2022
Exports
$22.2MWorld Rnk 89 / 212
Flag Rnk 150 / 1124
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$1.63BWorld Rnk 10 / 187
Flag Rnk 6 / 1187
2022
ECONOMIC COMPLEXITY of Pakistan
-0.45Rnk 84 / 133

About

Exports In 2022, Pakistan exported $22.2M in Scrap Iron, making it the 89th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 150th most exported product in Pakistan. The main destination of Scrap Iron exports from Pakistan are: United Arab Emirates ($16.9M), United Kingdom ($1.66M), South Korea ($941k), China ($575k), and Denmark ($442k).

The fastest growing export markets for Scrap Iron of Pakistan between 2021 and 2022 were South Korea ($920k), United Kingdom ($885k), and China ($477k).

Imports In 2022, Pakistan imported $1.63B in Scrap Iron, becoming the 10th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 6th most imported product in Pakistan. Pakistan imports Scrap Iron primarily from: United Kingdom ($365M), United States ($336M), United Arab Emirates ($180M), Belgium ($87.6M), and Sweden ($71.4M).

The fastest growing import markets in Scrap Iron for Pakistan between 2021 and 2022 were Sweden ($22M), Finland ($18.7M), and Belgium ($18.5M).

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)$22.2M
IMPORTS (2022)$1.63B
NET TRADE (2022)-$1.61B

In 2022, Pakistan exported $22.2M in Scrap Iron. The main destinations of Pakistan exports on Scrap Iron were United Arab Emirates ($16.9M), United Kingdom ($1.66M), South Korea ($941k), China ($575k), and Denmark ($442k).

In 2022, Pakistan imported $1.63B in Scrap Iron, mainly from United Kingdom ($365M), United States ($336M), United Arab Emirates ($180M), Belgium ($87.6M), and Sweden ($71.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Pakistan WERE (2021 - 2022):
South Korea$920k (4.38k%)
United Kingdom$885k (115%)
China$477k (486%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Pakistan WERE (2021 - 2022):
United Arab Emirates-$5.47M (-24.5%)
Netherlands-$462k (-92.2%)
Oman-$104k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Pakistan's main exporting competitors in Scrap Iron were:
In 2022, Pakistan'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 POTENTIALSouth Korea+ $1.54M
TOP IMPORT POTENTIALGermany+ $27.6M

Scrap Iron’s highest export potential is South Korea. With an export gap of $1.54M.   Scrap Iron’s highest import potential is Germany with an import gap of $27.6M.

See methodology.

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