India | Imports and Exports | World | Ferrous waste and scrap; remelting scrap ingots of iron or steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." from India totalled $ 17.3 million in 2023. Sales of commodity group 7204 from India went up by 8.34% compared to 2022: exports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." went up by $ 1.33 million (cumulative exports of commodity group 7204 from India amounted $15.9 million in 2022)
Exports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." amounted to 0.004% of total exports from India (cumulative merchandise exports from India totalled $ 431 billion in 2023). The share of commodity group 7204 in total exports from India decreased by 0 p.p. compared to 2022 (it was 0.003% in 2022 and cumulative exports from India were equal to $ 452 billion).
Exports of commodity group 7204 amounted to 0.146% of total sales of group "" from India in 2023 (the value of exports of commodity group from India amounted to $11.8 billion in 2023). The share of exports of commodity group 7204 in sales of commodity group from India increased by 0.041 p.p. compared to 2022 (it was 0.105% in 2022, and exports of commodity group from India were $15.1 billion).
Where does India export Ferrous waste and scrap; remelting scrap ingots of iron or steel.?
Top export destinations of "Ferrous waste and scrap; remelting scrap ingots of iron or steel." from India in 2023:
- Sweden with a share of 56% (9.73 million US$)
- Bhutan with a share of 18.3% (3.18 million US$)
- China with a share of 12.4% (2.15 million US$)
- USA with a share of 1.84% (319 thousand US$)
- United Arab Emirates with a share of 1.74% (302 thousand US$)
- Singapore with a share of 1.46% (253 thousand US$)
- Germany with a share of 1.11% (192 thousand US$)
- Netherlands - 168 thousand US$
- Other Asia, nes - 155 thousand US$
- Turkey - 141 thousand US$
Exports structure of 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel. - from India in 2023 represented by the following main commodity groups:
- 64% (11.1 million US$): 720421 - Waste & scrap of stainless steel
- 11.7% (2.03 million US$): 720429 - Waste & scrap of alloy steel other than stainless steel
- 11.4% (1.98 million US$): 720410 - Waste & scrap of cast iron
- 7.98% (1.38 million US$): 720441 - Ferrous turnings, shavings, chips, milling waste, sawdust, filings, trimmings & stampings, whether or not in bundles
- 4.28% (741 thousand US$): 720449 - Ferrous waste and scrap; n.e.s. in heading no. 7204
- 0.099% (17.2 thousand US$): 720430 - Waste & scrap of tinned iron/steel
- 0.057% (10 thousand US$): 720450 - Remelting ferrous scrap ingots
The value of imports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." to India totalled $ 6.78 billion in 2023. Sales of commodity group 7204 to India went up by 10.7% compared to 2022: imports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." went up by $ 658 million (the value of imports of commodity group 7204 to India was equal to $6.12 billion in 2022)
Imports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." accounted for 1% of total import flow to India (in 2023, total imports to India amounted to $ 672 billion). The share of commodity group 7204 in total imports to India increased by 0.173 p.p. compared to 2022 (it was 0.836% in 2022 and cumulative imports to India were equal to $ 732 billion).
Imports of commodity group 7204 reached 35% of total imports of group "" to India in 2023 (imports of commodity group to India totalled $18.9 billion in 2023). The share of purchases of commodity group 7204 in imports of commodity group to India went down by 0.727 p.p. compared to 2022 (it was 36% in 2022, and imports of commodity group to India accounted for $16.7 billion).
Where does India import Ferrous waste and scrap; remelting scrap ingots of iron or steel. from?
Top trading partners (import of "Ferrous waste and scrap; remelting scrap ingots of iron or steel.") of India in 2023:
- USA with a share of 17.2% (1.17 billion US$)
- United Kingdom with a share of 11.7% (798 million US$)
- Poland with a share of 4.43% (300 million US$)
- Malaysia with a share of 4.33% (294 million US$)
- Canada with a share of 3.88% (263 million US$)
- United Arab Emirates with a share of 3.34% (226 million US$)
- Brazil with a share of 3.22% (218 million US$)
- Germany with a share of 3.13% (212 million US$)
- Thailand with a share of 2.67% (181 million US$)
- Netherlands with a share of 2.64% (179 million US$)
Imports structure of 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel. - to India in 2023 represented by the following main commodity groups:
- 64% (4.37 billion US$): 720449 - Ferrous waste and scrap; n.e.s. in heading no. 7204
- 30% (2.09 billion US$): 720421 - Waste & scrap of stainless steel
- 2.3% (156 million US$): 720429 - Waste & scrap of alloy steel other than stainless steel
- 1.24% (84 million US$): 720410 - Waste & scrap of cast iron
- 1.08% (73 million US$): 720441 - Ferrous turnings, shavings, chips, milling waste, sawdust, filings, trimmings & stampings, whether or not in bundles
- 0.002% (158 thousand US$): 720450 - Remelting ferrous scrap ingots
- 0.002% (137 thousand US$): 720430 - Waste & scrap of tinned iron/steel
