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Pricing

720450 (Harmonized System 1992 for 6-digit)

2022
World Trade $87.8MRnk 4170 / 4648
2022
Top Exporter | Top Importer $16.9M | $9.88MAustria | Italy
2022
Product Complexity -0.8Rnk 3594 / 4653
2021 - 2022
Export Growth (CAGR) -47.4%Rnk 4538 / 4648
2022
Share of World Trade 0.00037%Rnk 4170 / 4648

About

Overview This page contains the latest trade data of Remelting scrap ingots, of iron or steel. In 2022, Remelting scrap ingots, of iron or steel were the world's 4170th most traded product, with a total trade of $87.8M. Between 2021 and 2022 the exports of Remelting scrap ingots, of iron or steel decreased by -47.4%, from $167M to $87.8M. Trade in Remelting scrap ingots, of iron or steel represent 0.00037% of total world trade.

Remelting scrap ingots, of iron or steel are a part of Scrap Iron.

Exports In 2022 the top exporters of Remelting scrap ingots, of iron or steel  were Austria ($16.9M), France ($14.2M), Sweden ($7.54M), Spain ($5.46M), and United Arab Emirates ($4.02M).

Imports In 2022 the top importers of Remelting scrap ingots, of iron or steel were Italy ($9.88M), Spain ($8.68M), Germany ($6.86M), Finland ($6.04M), and Slovenia ($5.85M).

Ranking Remelting scrap ingots, of iron or steel ranks 3594th in the Product Complexity Index (PCI).

Description The common uses of remelting scrap ingots, of iron or steel are in the production of new iron or steel or to provide a source of clean, usable metal for other purposes.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Remelting scrap ingots, of 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 (2022)Austria$16.9M
Top Destination (2022)Italy$9.88M

In 2022 Remelting scrap ingots, of iron or steel were the world's 4170th most traded product (out of 4,648).

In 2022, the top exporters of Remelting scrap ingots, of iron or steel were Austria ($16.9M), France ($14.2M), Sweden ($7.54M), Spain ($5.46M), and United Arab Emirates ($4.02M).

In 2022, the top importers of Remelting scrap ingots, of iron or steel were Italy ($9.88M), Spain ($8.68M), Germany ($6.86M), Finland ($6.04M), and Slovenia ($5.85M).

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Exporters of Remelting scrap ingots, of iron or steel (2022)
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Importers of Remelting scrap ingots, of iron or steel (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Austria$5.87M
Top Destination Growth (2021 -  2022)Slovenia$5.3M

Between 2021 and 2022, the exports of Remelting scrap ingots, of iron or steel grew the fastest in Austria ($5.87M), France ($5.2M), Lithuania ($2.9M), Spain ($2.28M), and Australia ($995k).

Between 2021 and 2022, the fastest growing importers of Remelting scrap ingots, of iron or steel were Slovenia ($5.3M), Italy ($3.66M), Latvia ($2.56M), Spain ($1.7M), and Netherlands ($1.67M).

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Exporters of Remelting scrap ingots, of iron or steel (2021 - 2022)

Importers of Remelting scrap ingots, of iron or steel (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Remelting scrap ingots, of iron or steel.

In 2022, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Remelting scrap ingots, of iron or steel are explained by 19 countries.

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Value of Exports in Remelting scrap ingots, of iron or steel

Net Trade

TOP NET EXPORTER (2022)Austria$14.5M
TOP NET IMPORTER (2022)Italy$8.85M

This map shows which countries export or import more of Remelting scrap ingots, of iron or steel. Each country is colored based on the difference in exports and imports of Remelting scrap ingots, of iron or steel during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Remelting scrap ingots, of iron or steel were Austria ($14.5M), France ($8.81M), Sweden ($7.15M), Lithuania ($3.13M), and Russia ($3.13M).

In 2022, the countries that had a largest trade value in imports than in exports of Remelting scrap ingots, of iron or steel were Italy ($8.85M), Finland ($6.01M), Germany ($5.66M), Slovenia ($5.63M), and Croatia ($5.09M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Remelting scrap ingots, of 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 (2022)

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