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2022
Exports | Imports $3.91B | $124MWorld Rnk 3 / 212
Flag Rnk 16 / 1216
World Rnk 42 / 187
Flag Rnk 553 / 1214
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $455M | $4.36MIndia |  Turkey
2022
ECONOMIC COMPLEXITY of United Kingdom1.38Rnk 12 / 124
2022
PRODUCT COMPLEXITY IN Scrap Iron-0.5Rnk 699 / 1025

About

Exports In 2022, United Kingdom exported $3.91B in Scrap Iron, making it the 3rd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 16th most exported product in United Kingdom. The main destination of Scrap Iron exports from United Kingdom are: Turkey ($845M), India ($639M), Egypt ($597M), Pakistan ($365M), and Bangladesh ($345M).

The fastest growing export markets for Scrap Iron of United Kingdom between 2021 and 2022 were India ($455M), Saudi Arabia ($66.9M), and Morocco ($65.6M).

Imports In 2022, United Kingdom imported $124M in Scrap Iron, becoming the 42nd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 553rd most imported product in United Kingdom. United Kingdom imports Scrap Iron primarily from: Ireland ($68.8M), Mexico ($8.81M), Turkey ($6.73M), Netherlands ($4.62M), and France ($4.2M).

The fastest growing import markets in Scrap Iron for United Kingdom between 2021 and 2022 were Turkey ($4.36M), Norway ($1.76M), and Australia ($1.61M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (1.16k), TELAMON CORPORATION (9), and HILTI NDC NEW JERSEY (6) were at the forefront of shipping Scrap Iron from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Scrap Iron exports accounted up to £215M and imports accounted up to £19.9M, resulting in a positive trade balance of £195M. Between January 2023 and January 2024 the exports of United Kingdom's   Scrap Iron have increased by £51M (31.1%) from £164M to £215M, while imports increased by £11.4M (133%) from £8.53M to £19.9M.

Destinations In January 2024, Scrap Iron were exported mostly to Egypt (£68.5M), Turkey (£62.1M), India (£21.6M), Pakistan (£16.4M), and Portugal (£12.4M), and were imported mostly from Ireland (£4.72M), Poland (£4.65M), Brazil (£3.3M), Belgium (£2.56M), and South Africa (£1.52M).

Growth In January 2024, the increase in Scrap Iron's year-by-year exports was explained primarily by an increase in exports to India (£35.9M or 640%), Ireland (£10.2M or 46.2k%), and Morocco (£6.83M or 231%). In January 2024, the increase in Scrap Iron's year-by-year imports was explained primarily by an increase in imports from United States (£1.77M or 46.4k%), Ireland (£1.16M or 46.6%), and Germany (£81k or 32.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)£51M(31.1%)
IMPORT GROWTH (January 2023 - January 2024)£11.4M(133%)
MAIN EXPORTER (January 2024)Liverpool£49M
MAIN DESTINATION (January 2024)Egypt£68.5M

This section shows Scrap Iron's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Scrap Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.91B
IMPORTS (2022)$124M
NET TRADE (2022)$3.78B

In 2022, United Kingdom exported $3.91B in Scrap Iron. The main destinations of United Kingdom exports on Scrap Iron were Turkey ($845M), India ($639M), Egypt ($597M), Pakistan ($365M), and Bangladesh ($345M).

In 2022, United Kingdom imported $124M in Scrap Iron, mainly from Ireland ($68.8M), Mexico ($8.81M), Turkey ($6.73M), Netherlands ($4.62M), and France ($4.2M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
India$455M (248%)
Saudi Arabia$66.9M (5.77k%)
Morocco$65.6M (157%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY United Kingdom WERE (2021 - 2022):
Spain-$166M (-55%)
Kuwait-$121M (-100%)
Turkey-$102M (-10.8%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Scrap Iron were:
United States $7.92B
Germany $5.21B
In 2022, United Kingdom's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

Explore Visualizations

Trade Value of Scrap Iron by Exporters

Keep Exploring

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