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Aluminium; waste and scrap

7602 (Harmonized System 1992 for 4-digit)

2023
World Trade $20.9BRnk 195 / 1217
2023
Top Exporter | Top Importer $3.45B | $3.57BUnited States | India
2023
Product Complexity -0.68Rnk 768 / 1044
2022 - 2023
Export Growth (CAGR) -12.1%Rnk 812 / 1217
2023
Share of World Trade 0.092%Rnk 195 / 1217

About

Overview This page contains the latest trade data of Scrap Aluminium. In 2023, Scrap Aluminium were the world's 195th most traded product, with a total trade of $20.9B. Between 2022 and 2023 the exports of Scrap Aluminium decreased by -12.1%, from $23.8B to $20.9B. Trade in Scrap Aluminium represent 0.092% of total world trade.

Scrap Aluminium are a part of Aluminum articles. They include Waste or scrap, aluminium.

Exports In 2023 the top exporters of Scrap Aluminium  were United States ($3.45B), Germany ($2.06B), Canada ($1.2B), Netherlands ($984M), and United Kingdom ($963M).

Imports In 2023 the top importers of Scrap Aluminium were India ($3.57B), China ($2.47B), Germany ($1.68B), South Korea ($1.44B), and United States ($1.2B).

Ranking Scrap Aluminium ranks 768th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Scrap Aluminium. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$3.45B
Top Destination (2023)India$3.57B

In 2023 Scrap Aluminium were the world's 195th most traded product (out of 1,217).

In 2023, the top exporters of Scrap Aluminium were United States ($3.45B), Germany ($2.06B), Canada ($1.2B), Netherlands ($984M), and United Kingdom ($963M).

In 2023, the top importers of Scrap Aluminium were India ($3.57B), China ($2.47B), Germany ($1.68B), South Korea ($1.44B), and United States ($1.2B).

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Exporters of Scrap Aluminium (2023)
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Importers of Scrap Aluminium (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Thailand$262M
Top Destination Growth (2022 -  2023)China$279M

Between 2022 and 2023, the exports of Scrap Aluminium grew the fastest in Thailand ($262M), Hungary ($41.2M), Spain ($38.9M), Lebanon ($20.5M), and Bangladesh ($17.3M).

Between 2022 and 2023, the fastest growing importers of Scrap Aluminium were China ($279M), Thailand ($92.4M), Romania ($57M), Japan ($16.7M), and Ecuador ($10.6M).

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Exporters of Scrap Aluminium (2022 - 2023)

Importers of Scrap Aluminium (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Scrap Aluminium.

In 2023, market concentration measured using Shannon Entropy, was 5.12. This means that most of the exports of Scrap Aluminium are explained by 34 countries.

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Value of Exports in Scrap Aluminium

Net Trade

TOP NET EXPORTER (2023)United States$2.25B
TOP NET IMPORTER (2023)India$3.55B

This map shows which countries export or import more of Scrap Aluminium. Each country is colored based on the difference in exports and imports of Scrap Aluminium during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Scrap Aluminium were United States ($2.25B), Canada ($993M), United Kingdom ($810M), Australia ($675M), and Netherlands ($643M).

In 2023, the countries that had a largest trade value in imports than in exports of Scrap Aluminium were India ($3.55B), China ($2.42B), South Korea ($1.31B), Hong Kong ($824M), and Italy ($721M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Scrap Aluminium.
It is possible to select the main countries that export or import Scrap Aluminium in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Scrap Aluminium by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $56.8M
TOP IMPORT POTENTIALCanada+ $35.8M

Scrap Aluminium’s highest export potential is China. With an export gap of $56.8M.  Scrap Aluminium’s highest import potential is Canada with an import gap of $35.8M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Scrap Aluminium.

Country by Relatedness

The following visualization shows the relatedness of Scrap Aluminium to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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