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720421 (Harmonized System 1992 for 6-digit)

2023
World Trade $8.47BRnk 438 / 4644
2023
Top Exporter | Top Importer $1.73B | $2.01BGermany | India
2023
Product Complexity -0.15Rnk 2762 / 4656
2022 - 2023
Export Growth (CAGR) -18.5%Rnk 3562 / 4644
2023
Share of World Trade 0.037%Rnk 438 / 4644

About

Overview This page contains the latest trade data of Waste or scrap, of stainless steel. In 2023, Waste or scrap, of stainless steel were the world's 438th most traded product, with a total trade of $8.47B. Between 2022 and 2023 the exports of Waste or scrap, of stainless steel decreased by -18.5%, from $10.4B to $8.47B. Trade in Waste or scrap, of stainless steel represent 0.037% of total world trade.

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

Exports In 2023 the top exporters of Waste or scrap, of stainless steel  were Germany ($1.73B), Netherlands ($897M), United States ($687M), France ($447M), and Japan ($436M).

Imports In 2023 the top importers of Waste or scrap, of stainless steel were India ($2.01B), Belgium ($1.23B), Finland ($1.11B), Italy ($622M), and Chinese Taipei ($404M).

Ranking Waste or scrap, of stainless steel ranks 2762nd in the Product Complexity Index (PCI).

Description The most common use of waste or scrap of stainless steel is for re-rolling and melting. Steel is a vital part of the production of many things, such as cars, and so it is important to be able to use all of it. A lot of times there is some steel left that can't be used in the production process and is discarded.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Waste or scrap, of stainless steel. 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)Germany$1.73B
Top Destination (2023)India$2.01B

In 2023 Waste or scrap, of stainless steel were the world's 438th most traded product (out of 4,644).

In 2023, the top exporters of Waste or scrap, of stainless steel were Germany ($1.73B), Netherlands ($897M), United States ($687M), France ($447M), and Japan ($436M).

In 2023, the top importers of Waste or scrap, of stainless steel were India ($2.01B), Belgium ($1.23B), Finland ($1.11B), Italy ($622M), and Chinese Taipei ($404M).

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Exporters of Waste or scrap, of stainless steel (2023)
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Importers of Waste or scrap, of stainless steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$191M
Top Destination Growth (2022 -  2023)China$209M

Between 2022 and 2023, the exports of Waste or scrap, of stainless steel grew the fastest in United States ($191M), Japan ($89.3M), Kazakhstan ($44.4M), South Africa ($31.4M), and South Korea ($20.6M).

Between 2022 and 2023, the fastest growing importers of Waste or scrap, of stainless steel were China ($209M), Chinese Taipei ($170M), United Kingdom ($78.5M), Spain ($45.7M), and Thailand ($12.1M).

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Exporters of Waste or scrap, of stainless steel (2022 - 2023)

Importers of Waste or scrap, of stainless steel (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.79. This means that most of the exports of Waste or scrap, of stainless steel are explained by 27 countries.

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Value of Exports in Waste or scrap, of stainless steel

Net Trade

TOP NET EXPORTER (2023)Germany$1.37B
TOP NET IMPORTER (2023)India$2B

This map shows which countries export or import more of Waste or scrap, of stainless steel. Each country is colored based on the difference in exports and imports of Waste or scrap, of stainless steel during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Waste or scrap, of stainless steel were Germany ($1.37B), Netherlands ($547M), United States ($442M), France ($386M), and Japan ($368M).

In 2023, the countries that had a largest trade value in imports than in exports of Waste or scrap, of stainless steel were India ($2B), Belgium ($1.1B), Finland ($1.07B), Italy ($476M), and China ($362M).

Net Trade (2023)

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 stainless steel.
It is possible to select the main countries that export or import Waste or scrap, of stainless steel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Waste or scrap, of stainless steel 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)

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