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2022 - 2023
FASTEST GROWING MARKET $4.29MIndia
2023
PRODUCT COMPLEXITY IN Scrap Iron-0.57Rnk 726 / 1025
2023
Origin $307k United Arab Emirates
2022 - 2023
FASTEST GROWING ORIGIN $307kUnited Arab Emirates

About

Exports In 2023, Somalia exported N/A in Scrap Iron, making it the 113th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 9th most exported product in Somalia. The main destination of Scrap Iron exports from Somalia are: India ($12.1M).

The fastest growing export markets for Scrap Iron of Somalia between 2022 and 2023 were India ($4.29M).

The fastest growing import markets in Scrap Iron for Somalia between 2022 and 2023 were United Arab Emirates ($307k) and Pakistan ($439).

Latest Trends

Jan 2025

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

In N/A, Somalia exported N/A in Scrap Iron. The main destinations of Somalia exports on Scrap Iron were India ($12.1M).

In N/A, Somalia imported N/A in Scrap Iron, mainly from United Arab Emirates ($309k) and Pakistan ($439).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Somalia WERE (2022 - 2023):India$4.29M (55%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Somalia WERE (2022 - 2023):Pakistan-$365k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Somalia's main exporting competitors in Scrap Iron were:
United States $6.91B
Germany $4.54B
United Kingdom $3.15B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
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N/AN/AN/A
TOP IMPORT POTENTIALUnited Arab Emirates+ $3.06k

Scrap Iron’s highest export potential is N/A. With an export gap of N/A.   Scrap Iron’s highest import potential is United Arab Emirates with an import gap of $3.06k.

See methodology.

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