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720430 (Harmonized System 1992 for 6-digit)

2023
World Trade $922MRnk 2196 / 4644
2023
Top Exporter | Top Importer $105M | $107MCanada | United States
2023
Product Complexity -1.18Rnk 3990 / 4656
2022 - 2023
Export Growth (CAGR) -17.1%Rnk 3430 / 4644
2023
Share of World Trade 0.0041%Rnk 2196 / 4644

About

Overview This page contains the latest trade data of Waste or scrap, of tinned iron or steel. In 2023, Waste or scrap, of tinned iron or steel were the world's 2196th most traded product, with a total trade of $922M. Between 2022 and 2023 the exports of Waste or scrap, of tinned iron or steel decreased by -17.1%, from $1.11B to $922M. Trade in Waste or scrap, of tinned iron or steel represent 0.0041% of total world trade.

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

Exports In 2023 the top exporters of Waste or scrap, of tinned iron or steel  were Canada ($105M), France ($88.3M), Belgium ($52.5M), Germany ($51M), and Finland ($48M).

Imports In 2023 the top importers of Waste or scrap, of tinned iron or steel were United States ($107M), Italy ($70.1M), India ($68M), Netherlands ($65.6M), and Turkey ($64.3M).

Ranking Waste or scrap, of tinned iron or steel ranks 3990th in the Product Complexity Index (PCI).

Description A common use of waste or scrap is steel wool, which can be used for cleaning, polishing, and rust removal. Tinned iron or steel is used as canned food, a material for soldering, and in some cases for cooking.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Waste or scrap, of tinned iron or 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)Canada$105M
Top Destination (2023)United States$107M

In 2023 Waste or scrap, of tinned iron or steel were the world's 2196th most traded product (out of 4,644).

In 2023, the top exporters of Waste or scrap, of tinned iron or steel were Canada ($105M), France ($88.3M), Belgium ($52.5M), Germany ($51M), and Finland ($48M).

In 2023, the top importers of Waste or scrap, of tinned iron or steel were United States ($107M), Italy ($70.1M), India ($68M), Netherlands ($65.6M), and Turkey ($64.3M).

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

Color
Top Origin Growth (2022 -  2023)Brazil$26.1M
Top Destination Growth (2022 -  2023)Bangladesh$27.3M

Between 2022 and 2023, the exports of Waste or scrap, of tinned iron or steel grew the fastest in Brazil ($26.1M), Finland ($17.3M), Philippines ($13.8M), Italy ($12.9M), and Singapore ($12.5M).

Between 2022 and 2023, the fastest growing importers of Waste or scrap, of tinned iron or steel were Bangladesh ($27.3M), China ($22.6M), Malaysia ($22.6M), United Arab Emirates ($10.8M), and United States ($6.29M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 5.18. This means that most of the exports of Waste or scrap, of tinned iron or steel are explained by 36 countries.

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Value of Exports in Waste or scrap, of tinned iron or steel

Net Trade

TOP NET EXPORTER (2023)Canada$98.3M
TOP NET IMPORTER (2023)United States$83.2M

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

In 2023, the countries that had a largest trade value in exports than in imports of Waste or scrap, of tinned iron or steel were Canada ($98.3M), France ($60M), Finland ($48M), United Kingdom ($29.5M), and Brazil ($28.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Waste or scrap, of tinned iron or steel were United States ($83.2M), India ($68M), Turkey ($64.3M), Netherlands ($45M), and Bangladesh ($42.1M).

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

Top 10 Exporters Countries of Waste or scrap, of tinned iron or 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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