Italy | 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 Italy totalled $ 488 million in 2023. Sales of commodity group 7204 from Italy decreased by 1.95% in value terms compared to 2022. exports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." decreased by $ 9.74 million (cumulative exports of commodity group 7204 from Italy amounted $498 million in 2022)
Exports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." amounted to 0.072% of total exports from Italy (cumulative merchandise exports from Italy totalled $ 677 billion in 2023). The share of commodity group 7204 in total exports from Italy decreased by 0.003 p.p. compared to 2022 (it was 0.075% in 2022 and cumulative exports from Italy were equal to $ 659 billion).
Exports of commodity group 7204 amounted to 2.85% of total sales of group "" from Italy in 2023 (the value of exports of commodity group from Italy amounted to $17.1 billion in 2023). The share of exports of commodity group 7204 in sales of commodity group from Italy increased by 0.491 p.p. compared to 2022 (it was 2.36% in 2022, and exports of commodity group from Italy were $21 billion).
Where does Italy export Ferrous waste and scrap; remelting scrap ingots of iron or steel.?
Top export destinations of "Ferrous waste and scrap; remelting scrap ingots of iron or steel." from Italy in 2023:
- Turkey with a share of 33% (162 million US$)
- India with a share of 13.4% (65 million US$)
- Germany with a share of 9.51% (46 million US$)
- Slovenia with a share of 7.76% (37 million US$)
- France with a share of 7.36% (36 million US$)
- Belgium with a share of 6.23% (30 million US$)
- Austria with a share of 4.58% (22 million US$)
- Spain with a share of 4.5% (22 million US$)
- Greece with a share of 2.95% (14.4 million US$)
- Pakistan with a share of 2.63% (12.8 million US$)
Exports structure of 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel. - from Italy in 2023 represented by the following main commodity groups:
- 46% (229 million US$): 720449 - Ferrous waste and scrap; n.e.s. in heading no. 7204
- 29% (144 million US$): 720421 - Waste & scrap of stainless steel
- 12.7% (62 million US$): 720430 - Waste & scrap of tinned iron/steel
- 6.85% (33 million US$): 720429 - Waste & scrap of alloy steel other than stainless steel
- 3.26% (15.9 million US$): 720441 - Ferrous turnings, shavings, chips, milling waste, sawdust, filings, trimmings & stampings, whether or not in bundles
- 0.436% (2.13 million US$): 720410 - Waste & scrap of cast iron
- 0.185% (906 thousand US$): 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 Italy totalled $ 2.6 billion in 2023. Sales of commodity group 7204 to Italy decreased by 0.96% in value terms compared to 2022. imports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." decreased by $ 25 million (the value of imports of commodity group 7204 to Italy was equal to $2.63 billion in 2022)
Imports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." accounted for 0.407% of total import flow to Italy (in 2023, total imports to Italy amounted to $ 639 billion). The share of commodity group 7204 in total imports to Italy increased by 0.028 p.p. compared to 2022 (it was 0.378% in 2022 and cumulative imports to Italy were equal to $ 695 billion).
Imports of commodity group 7204 reached 10.2% of total imports of group "" to Italy in 2023 (imports of commodity group to Italy totalled $25 billion in 2023). The share of purchases of commodity group 7204 in total imports of commodity group to Italy increased by 2.02 p.p. compared to 2022 (it was 8.23% in 2022, and imports of commodity group to Italy accounted for $31 billion).
Where does Italy import Ferrous waste and scrap; remelting scrap ingots of iron or steel. from?
Top trading partners (import of "Ferrous waste and scrap; remelting scrap ingots of iron or steel.") of Italy in 2023:
- Germany with a share of 33% (871 million US$)
- Austria with a share of 11.8% (310 million US$)
- France with a share of 8.68% (226 million US$)
- Slovenia with a share of 8.11% (211 million US$)
- Hungary with a share of 7.58% (197 million US$)
- Czech Republic with a share of 6.76% (176 million US$)
- USA with a share of 6.46% (168 million US$)
- Switzerland with a share of 5.02% (131 million US$)
- Venezuela with a share of 3.1% (81 million US$)
- Slovak Republic with a share of 1.95% (50 million US$)
Imports structure of 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel. - to Italy in 2023 represented by the following main commodity groups:
- 55% (1.44 billion US$): 720449 - Ferrous waste and scrap; n.e.s. in heading no. 7204
- 23% (625 million US$): 720421 - Waste & scrap of stainless steel
- 14.6% (381 million US$): 720441 - Ferrous turnings, shavings, chips, milling waste, sawdust, filings, trimmings & stampings, whether or not in bundles
- 2.67% (69 million US$): 720430 - Waste & scrap of tinned iron/steel
- 2.01% (52 million US$): 720429 - Waste & scrap of alloy steel other than stainless steel
- 1.39% (36 million US$): 720410 - Waste & scrap of cast iron
- 0.001% (33 thousand US$): 720450 - Remelting ferrous scrap ingots
