2022
Exports
$326MWorld Rnk 30 / 212
Flag Rnk 67 / 1205
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$1.59BWorld Rnk 11 / 187
Flag Rnk 6 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $326M in Scrap Iron, making it the 30th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 67th most exported product in Finland. The main destination of Scrap Iron exports from Finland are: Turkey ($112M), Pakistan ($40.8M), Lithuania ($34.4M), Sweden ($33.5M), and Estonia ($28.8M).

The fastest growing export markets for Scrap Iron of Finland between 2021 and 2022 were Pakistan ($18.7M), India ($10.7M), and Sweden ($5.47M).

Imports In 2022, Finland imported $1.59B in Scrap Iron, becoming the 11th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 6th most imported product in Finland. Finland imports Scrap Iron primarily from: Netherlands ($580M), Germany ($550M), Poland ($278M), Sweden ($63.7M), and United Kingdom ($31.9M).

The fastest growing import markets in Scrap Iron for Finland between 2021 and 2022 were Germany ($260M), Poland ($67.8M), and United Kingdom ($20.8M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Scrap Iron. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$326M
IMPORTS (2022)$1.59B
NET TRADE (2022)-$1.26B

In 2022, Finland exported $326M in Scrap Iron. The main destinations of Finland exports on Scrap Iron were Turkey ($112M), Pakistan ($40.8M), Lithuania ($34.4M), Sweden ($33.5M), and Estonia ($28.8M).

In 2022, Finland imported $1.59B in Scrap Iron, mainly from Netherlands ($580M), Germany ($550M), Poland ($278M), Sweden ($63.7M), and United Kingdom ($31.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Pakistan$18.7M (84.6%)
India$10.7M (120%)
Sweden$5.47M (19.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Finland WERE (2021 - 2022):
Germany-$31.9M (-68.1%)
Turkey-$19.9M (-15%)
Malaysia-$2.18M (-75.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Scrap Iron were:
In 2022, Finland's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $16.8M
TOP IMPORT POTENTIALUnited Kingdom+ $17.2M

Scrap Iron’s highest export potential is India. With an export gap of $16.8M.   Scrap Iron’s highest import potential is United Kingdom with an import gap of $17.2M.

See methodology.

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