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720429 (Harmonized System 1992 for 6-digit)

2022
World Trade $3.56BRnk 1031 / 4648
2022
Top Exporter | Top Importer $527M | $366MUnited States | India
2022
Product Complexity -0.48Rnk 3194 / 4653
2021 - 2022
Export Growth (CAGR) -12.7%Rnk 4088 / 4648
2022
Share of World Trade 0.015%Rnk 1031 / 4648

About

Overview This page contains the latest trade data of Waste or scrap, of alloy steel, other than stainless. In 2022, Waste or scrap, of alloy steel, other than stainless were the world's 1031st most traded product, with a total trade of $3.56B. Between 2021 and 2022 the exports of Waste or scrap, of alloy steel, other than stainless decreased by -12.7%, from $4.08B to $3.56B. Trade in Waste or scrap, of alloy steel, other than stainless represent 0.015% of total world trade.

Waste or scrap, of alloy steel, other than stainless are a part of Scrap Iron.

Exports In 2022 the top exporters of Waste or scrap, of alloy steel, other than stainless  were United States ($527M), Canada ($484M), United Kingdom ($393M), France ($307M), and Japan ($230M).

Imports In 2022 the top importers of Waste or scrap, of alloy steel, other than stainless were India ($366M), Turkey ($333M), United States ($311M), Pakistan ($212M), and Kuwait ($168M).

Ranking Waste or scrap, of alloy steel, other than stainless ranks 3194th in the Product Complexity Index (PCI).

Description Waste or scrap, of alloy steel, is used in the production of the steel industry, and it is a product that is typically wasted. Alloy steel is not commonly used in other industries.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Waste or scrap, of alloy steel, other than stainless. 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 (2022)United States$527M
Top Destination (2022)India$366M

In 2022 Waste or scrap, of alloy steel, other than stainless were the world's 1031st most traded product (out of 4,648).

In 2022, the top exporters of Waste or scrap, of alloy steel, other than stainless were United States ($527M), Canada ($484M), United Kingdom ($393M), France ($307M), and Japan ($230M).

In 2022, the top importers of Waste or scrap, of alloy steel, other than stainless were India ($366M), Turkey ($333M), United States ($311M), Pakistan ($212M), and Kuwait ($168M).

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Exporters of Waste or scrap, of alloy steel, other than stainless (2022)
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Importers of Waste or scrap, of alloy steel, other than stainless (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)South Africa$39.8M
Top Destination Growth (2021 -  2022)India$197M

Between 2021 and 2022, the exports of Waste or scrap, of alloy steel, other than stainless grew the fastest in South Africa ($39.8M), Iran ($33.1M), Australia ($27.7M), South Korea ($24.6M), and Mexico ($22.8M).

Between 2021 and 2022, the fastest growing importers of Waste or scrap, of alloy steel, other than stainless were India ($197M), Kuwait ($100M), Chinese Taipei ($42.2M), China ($28.4M), and Indonesia ($20.3M).

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Exporters of Waste or scrap, of alloy steel, other than stainless (2021 - 2022)

Importers of Waste or scrap, of alloy steel, other than stainless (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Waste or scrap, of alloy steel, other than stainless.

In 2022, market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Waste or scrap, of alloy steel, other than stainless are explained by 23 countries.

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Value of Exports in Waste or scrap, of alloy steel, other than stainless

Net Trade

TOP NET EXPORTER (2022)Canada$430M
TOP NET IMPORTER (2022)India$361M

This map shows which countries export or import more of Waste or scrap, of alloy steel, other than stainless. Each country is colored based on the difference in exports and imports of Waste or scrap, of alloy steel, other than stainless during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Waste or scrap, of alloy steel, other than stainless were Canada ($430M), United Kingdom ($380M), France ($257M), United States ($216M), and Japan ($183M).

In 2022, the countries that had a largest trade value in imports than in exports of Waste or scrap, of alloy steel, other than stainless were India ($361M), Turkey ($318M), Pakistan ($211M), Kuwait ($164M), and China ($120M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Waste or scrap, of alloy steel, other than stainless.
It is possible to select the main countries that export or import Waste or scrap, of alloy steel, other than stainless in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Waste or scrap, of alloy steel, other than stainless 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 (2022)

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