Have fun with OEC Games!
ITALY: New subnational monthly data !
New 50% OFF discount for academic accounts !
Sign In
Pricing

720449 (Harmonized System 1992 for 6-digit)

2022
World Trade $32.5BRnk 92 / 4648
2022
Top Exporter | Top Importer $6.42B | $7.99BUnited States | Turkey
2022
Product Complexity -0.64Rnk 3397 / 4653
2021 - 2022
Export Growth (CAGR) -8.41%Rnk 3852 / 4648
2022
Share of World Trade 0.14%Rnk 92 / 4648

About

Overview This page contains the latest trade data of Ferrous waste or scrap, nes. In 2022, Ferrous waste or scrap, nes were the world's 92nd most traded product, with a total trade of $32.5B. Between 2021 and 2022 the exports of Ferrous waste or scrap, nes decreased by -8.41%, from $35.5B to $32.5B. Trade in Ferrous waste or scrap, nes represent 0.14% of total world trade.

Ferrous waste or scrap, nes are a part of Scrap Iron.

Exports In 2022 the top exporters of Ferrous waste or scrap, nes  were United States ($6.42B), United Kingdom ($3.14B), Netherlands ($2.25B), Japan ($2.21B), and Germany ($1.99B).

Imports In 2022 the top importers of Ferrous waste or scrap, nes were Turkey ($7.99B), India ($3.02B), South Korea ($1.72B), Bangladesh ($1.69B), and Vietnam ($1.44B).

Ranking Ferrous waste or scrap, nes ranks 3397th in the Product Complexity Index (PCI).

Description Ferrous waste or scrap is used in the manufacture of new steel.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Ferrous waste or scrap, nes. 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 (2022)United States$6.42B
Top Destination (2022)Turkey$7.99B

In 2022 Ferrous waste or scrap, nes were the world's 92nd most traded product (out of 4,648).

In 2022, the top exporters of Ferrous waste or scrap, nes were United States ($6.42B), United Kingdom ($3.14B), Netherlands ($2.25B), Japan ($2.21B), and Germany ($1.99B).

In 2022, the top importers of Ferrous waste or scrap, nes were Turkey ($7.99B), India ($3.02B), South Korea ($1.72B), Bangladesh ($1.69B), and Vietnam ($1.44B).

Explore Visualizations

Exporters of Ferrous waste or scrap, nes (2022)
[Click to Select a Country]

Importers of Ferrous waste or scrap, nes (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)Singapore$126M
Top Destination Growth (2021 -  2022)India$1.7B

Between 2021 and 2022, the exports of Ferrous waste or scrap, nes grew the fastest in Singapore ($126M), United Kingdom ($108M), United States ($89.5M), Italy ($44.8M), and South Africa ($43.2M).

Between 2021 and 2022, the fastest growing importers of Ferrous waste or scrap, nes were India ($1.7B), Bangladesh ($414M), Morocco ($125M), Peru ($125M), and Poland ($52.5M).

Explore Visualizations

Exporters of Ferrous waste or scrap, nes (2021 - 2022)

Importers of Ferrous waste or scrap, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferrous waste or scrap, nes.

In 2022, market concentration measured using Shannon Entropy, was 4.8. This means that most of the exports of Ferrous waste or scrap, nes are explained by 27 countries.

Explore Visualizations

Value of Exports in Ferrous waste or scrap, nes

Net Trade

TOP NET EXPORTER (2022)United States$5.61B
TOP NET IMPORTER (2022)Turkey$7.99B

This map shows which countries export or import more of Ferrous waste or scrap, nes. Each country is colored based on the difference in exports and imports of Ferrous waste or scrap, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Ferrous waste or scrap, nes were United States ($5.61B), United Kingdom ($3.09B), Japan ($2.2B), Netherlands ($1.43B), and France ($1.35B).

In 2022, the countries that had a largest trade value in imports than in exports of Ferrous waste or scrap, nes were Turkey ($7.99B), India ($3.02B), South Korea ($1.68B), Bangladesh ($1.68B), and Vietnam ($1.44B).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Ferrous waste or scrap, nes.
It is possible to select the main countries that export or import Ferrous waste or scrap, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferrous waste or scrap, nes 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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms