NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

720441 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.43BRnk 1011 / 4644
2023
Top Exporter | Top Importer $521M | $717MGermany | United States
2023
Product Complexity 0.45Rnk 1765 / 4656
2022 - 2023
Export Growth (CAGR) -18.9%Rnk 3608 / 4644
2023
Share of World Trade 0.015%Rnk 1011 / 4644

About

Overview This page contains the latest trade data of Waste from the mechanical working of iron or steel ne. In 2023, Waste from the mechanical working of iron or steel ne were the world's 1011th most traded product, with a total trade of $3.43B. Between 2022 and 2023 the exports of Waste from the mechanical working of iron or steel ne decreased by -18.9%, from $4.24B to $3.43B. Trade in Waste from the mechanical working of iron or steel ne represent 0.015% of total world trade.

Waste from the mechanical working of iron or steel ne are a part of Scrap Iron.

Exports In 2023 the top exporters of Waste from the mechanical working of iron or steel ne  were Germany ($521M), Japan ($468M), Canada ($445M), France ($341M), and United Kingdom ($222M).

Imports In 2023 the top importers of Waste from the mechanical working of iron or steel ne were United States ($717M), Pakistan ($388M), Italy ($363M), Germany ($221M), and Luxembourg ($205M).

Ranking Waste from the mechanical working of iron or steel ne ranks 1765th in the Product Complexity Index (PCI).

Description Steel is used to make a variety of objects, from automobiles to appliances. As steel is made, a variety of waste products are generated, including slag, iron oxide, and dust. Slag is a byproduct of the production of steel, and is a mixture of metal oxides and silicon dioxide. Iron oxide is a byproduct of the production of steel, and is a reddish-brown powder. Dust is a byproduct of the production of steel, and is a fine powder. These wastes are used in a number of ways, including a feedstock for the production of

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Waste from the mechanical working of iron or steel ne. Countries are shown based on data availability.

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

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)Germany$521M
Top Destination (2023)United States$717M

In 2023 Waste from the mechanical working of iron or steel ne were the world's 1011th most traded product (out of 4,644).

In 2023, the top exporters of Waste from the mechanical working of iron or steel ne were Germany ($521M), Japan ($468M), Canada ($445M), France ($341M), and United Kingdom ($222M).

In 2023, the top importers of Waste from the mechanical working of iron or steel ne were United States ($717M), Pakistan ($388M), Italy ($363M), Germany ($221M), and Luxembourg ($205M).

Explore Visualizations

Exporters of Waste from the mechanical working of iron or steel ne (2023)
[Click to Select a Country]

Importers of Waste from the mechanical working of iron or steel ne (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$53.8M
Top Destination Growth (2022 -  2023)Vietnam$71.7M

Between 2022 and 2023, the exports of Waste from the mechanical working of iron or steel ne grew the fastest in Japan ($53.8M), Sweden ($20.1M), Brazil ($10.7M), Belgium ($9.22M), and Latvia ($5.04M).

Between 2022 and 2023, the fastest growing importers of Waste from the mechanical working of iron or steel ne were Vietnam ($71.7M), India ($46.5M), Bangladesh ($35.8M), Portugal ($23.8M), and Turkey ($23.2M).

Explore Visualizations

Exporters of Waste from the mechanical working of iron or steel ne (2022 - 2023)

Importers of Waste from the mechanical working of iron or steel ne (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Waste from the mechanical working of iron or steel ne.

In 2023, market concentration measured using Shannon Entropy, was 4.2. This means that most of the exports of Waste from the mechanical working of iron or steel ne are explained by 18 countries.

Explore Visualizations

Value of Exports in Waste from the mechanical working of iron or steel ne

Net Trade

TOP NET EXPORTER (2023)Japan$466M
TOP NET IMPORTER (2023)United States$594M

This map shows which countries export or import more of Waste from the mechanical working of iron or steel ne. Each country is colored based on the difference in exports and imports of Waste from the mechanical working of iron or steel ne during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Waste from the mechanical working of iron or steel ne were Japan ($466M), Canada ($424M), Germany ($300M), France ($260M), and United Kingdom ($218M).

In 2023, the countries that had a largest trade value in imports than in exports of Waste from the mechanical working of iron or steel ne were United States ($594M), Pakistan ($388M), Italy ($352M), Luxembourg ($200M), and South Korea ($171M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Waste from the mechanical working of iron or steel ne.
It is possible to select the main countries that export or import Waste from the mechanical working of iron or steel ne in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Waste from the mechanical working of iron or steel ne by percentage of total exports

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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms