2022
Exports
$392MWorld Rnk 26 / 212
Flag Rnk 136 / 1211
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$639MWorld Rnk 18 / 187
Flag Rnk 93 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $392M in Scrap Iron, making it the 26th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 136th most exported product in Thailand. The main destination of Scrap Iron exports from Thailand are: India ($165M), South Korea ($143M), Indonesia ($25.6M), China ($21.1M), and Chinese Taipei ($9.91M).

The fastest growing export markets for Scrap Iron of Thailand between 2021 and 2022 were China ($17.6M), India ($12.3M), and Netherlands ($3.27M).

Imports In 2022, Thailand imported $639M in Scrap Iron, becoming the 18th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 93rd most imported product in Thailand. Thailand imports Scrap Iron primarily from: United States ($116M), Australia ($69M), Burma ($48.6M), Panama ($48.4M), and Japan ($37.1M).

The fastest growing import markets in Scrap Iron for Thailand between 2021 and 2022 were Trinidad and Tobago ($15.7M), Canada ($11.9M), and Netherlands ($11.6M).

COMPANIES In 2023, leading companies such as IKEA Group (43), Mahle Behr (8), and Stanley Black & Decker (5) were at the forefront of shipping Scrap Iron from Thailand to the United States.

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)$392M
IMPORTS (2022)$639M
NET TRADE (2022)-$247M

In 2022, Thailand exported $392M in Scrap Iron. The main destinations of Thailand exports on Scrap Iron were India ($165M), South Korea ($143M), Indonesia ($25.6M), China ($21.1M), and Chinese Taipei ($9.91M).

In 2022, Thailand imported $639M in Scrap Iron, mainly from United States ($116M), Australia ($69M), Burma ($48.6M), Panama ($48.4M), and Japan ($37.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
China$17.6M (491%)
India$12.3M (8.1%)
Netherlands$3.27M (1.17k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Thailand WERE (2021 - 2022):
Vietnam-$21.9M (-85.4%)
South Korea-$10.4M (-6.79%)
Chinese Taipei-$8.95M (-47.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Scrap Iron were:
In 2022, Thailand'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+ $33.4M
TOP IMPORT POTENTIALJapan+ $13.6M

Scrap Iron’s highest export potential is India. With an export gap of $33.4M.   Scrap Iron’s highest import potential is Japan with an import gap of $13.6M.

See methodology.

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