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2022
Exports $3.91BWorld Rnk 3 / 212
Flag Rnk 16 / 1216
2022
Destination $455M Turkey
2021 - 2022
FASTEST GROWING MARKET $455MIndia
2022
PRODUCT COMPLEXITY IN Scrap Iron-0.59Rnk 720 / 1025
2022
Imports $124MWorld Rnk 42 / 187
Flag Rnk 553 / 1214
2022
Origin $4.36M Ireland
2021 - 2022
FASTEST GROWING ORIGIN $4.36MTurkey
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

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 ABB Motors and Mechanical (42), Amazon (11), and Hilti Power Tools (1) were at the forefront of shipping Scrap Iron from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Scrap Iron exports accounted up to £217M and imports accounted up to £9.67M, resulting in a positive trade balance of £207M. Between June 2023 and June 2024 the exports of United Kingdom's   Scrap Iron have increased by £11.4M (5.58%) from £205M to £217M, while imports decreased by £-2.83M (-22.6%) from £12.5M to £9.67M.

Destinations In June 2024, Scrap Iron were exported mostly to India (£50.3M), Turkey (£46.8M), Spain (£18.2M), Pakistan (£16.9M), and Portugal (£13.3M), and were imported mostly from Ireland (£5.43M), Norway (£1.44M), Germany (£868k), Netherlands (£464k), and France (£354k).

Growth In June 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 June 2024, the decrease in Scrap Iron's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-376k or -87.9%), Norway (£-198k or -15.3%), and Czechia (£-44.6k or -84.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£11.4M(5.58%)
IMPORT GROWTH (June 2023 - June 2024)£-2.83M(-22.6%)
MAIN EXPORTER (June 2024)Liverpool£74.8M
MAIN DESTINATION (June 2024)India£50.3M

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).

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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%)
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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

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $49M
TOP IMPORT POTENTIALFrance+ $6.51M

Scrap Iron’s highest export potential is United States. With an export gap of $49M.   Scrap Iron’s highest import potential is France with an import gap of $6.51M.

See methodology.

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