Singapore | 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 Singapore totalled $ 472 million in 2023. Sales of commodity group 7204 from Singapore decreased by 20% in value terms compared to 2022. exports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." decreased by $ 120 million (cumulative exports of commodity group 7204 from Singapore amounted $593 million in 2022)
Exports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." amounted to 0.099% of total exports from Singapore (cumulative merchandise exports from Singapore totalled $ 475 billion in 2023). The share of commodity group 7204 in total exports from Singapore decreased by 0.015 p.p. compared to 2022 (it was 0.115% in 2022 and cumulative exports from Singapore were equal to $ 514 billion).
Exports of commodity group 7204 amounted to 24% of total sales of group "" from Singapore in 2023 (the value of exports of commodity group from Singapore amounted to $1.94 billion in 2023). The share of exports of commodity group 7204 in sales of commodity group from Singapore lowered by 0.707 p.p. compared to 2022 (it was 24% in 2022, and exports of commodity group from Singapore were $2.37 billion).
Where does Singapore export Ferrous waste and scrap; remelting scrap ingots of iron or steel.?
Top export destinations of "Ferrous waste and scrap; remelting scrap ingots of iron or steel." from Singapore in 2023:
- India with a share of 22% (108 million US$)
- Bangladesh with a share of 19.4% (91 million US$)
- Malaysia with a share of 17.2% (81 million US$)
- Indonesia with a share of 14.1% (66 million US$)
- Vietnam with a share of 5.82% (27 million US$)
- China with a share of 4.77% (22 million US$)
- Korea with a share of 4.75% (22 million US$)
- Hong Kong with a share of 3.84% (18.1 million US$)
- Pakistan with a share of 2.63% (12.4 million US$)
- Other Asia, nes with a share of 2.21% (10.4 million US$)
Exports structure of 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel. - from Singapore in 2023 represented by the following main commodity groups:
- 69% (330 million US$): 720449 - Ferrous waste and scrap; n.e.s. in heading no. 7204
- 24% (113 million US$): 720421 - Waste & scrap of stainless steel
- 4.35% (20 million US$): 720429 - Waste & scrap of alloy steel other than stainless steel
- 0.835% (3.95 million US$): 720430 - Waste & scrap of tinned iron/steel
- 0.543% (2.56 million US$): 720410 - Waste & scrap of cast iron
- 0.243% (1.15 million US$): 720441 - Ferrous turnings, shavings, chips, milling waste, sawdust, filings, trimmings & stampings, whether or not in bundles
- 0.112% (531 thousand US$): 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 Singapore totalled $ 67 million in 2023. Sales of commodity group 7204 to Singapore decreased by 19.2% in value terms compared to 2022. imports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." decreased by $ 16 million (the value of imports of commodity group 7204 to Singapore was equal to $83 million in 2022)
Imports of commodity group 7204 "Ferrous waste and scrap; remelting scrap ingots of iron or steel." accounted for 0.015% of total import flow to Singapore (in 2023, total imports to Singapore amounted to $ 422 billion). The share of commodity group 7204 in total imports to Singapore decreased by 0.001 p.p. compared to 2022 (it was 0.017% in 2022 and cumulative imports to Singapore were equal to $ 475 billion).
Imports of commodity group 7204 reached 2.31% of total imports of group "" to Singapore in 2023 (imports of commodity group to Singapore totalled $2.89 billion in 2023). The share of purchases of commodity group 7204 in imports of commodity group to Singapore went down by 0.067 p.p. compared to 2022 (it was 2.38% in 2022, and imports of commodity group to Singapore accounted for $3.48 billion).
Where does Singapore import Ferrous waste and scrap; remelting scrap ingots of iron or steel. from?
Top trading partners (import of "Ferrous waste and scrap; remelting scrap ingots of iron or steel.") of Singapore in 2023:
- Indonesia with a share of 15.2% (10.2 million US$)
- Japan with a share of 13.5% (9.09 million US$)
- Australia with a share of 11% (7.45 million US$)
- Malaysia with a share of 10.9% (7.34 million US$)
- Poland with a share of 10.8% (7.28 million US$)
- China with a share of 6.46% (4.34 million US$)
- Philippines with a share of 5.95% (3.99 million US$)
- Papua New Guinea with a share of 3.48% (2.34 million US$)
- Brunei with a share of 3.33% (2.24 million US$)
- France with a share of 3.03% (2.03 million US$)
Imports structure of 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel. - to Singapore in 2023 represented by the following main commodity groups:
- 31% (20 million US$): 720449 - Ferrous waste and scrap; n.e.s. in heading no. 7204
- 29% (19.6 million US$): 720421 - Waste & scrap of stainless steel
- 14.9% (10 million US$): 720429 - Waste & scrap of alloy steel other than stainless steel
- 13.5% (9.09 million US$): 720430 - Waste & scrap of tinned iron/steel
- 9.24% (6.21 million US$): 720410 - Waste & scrap of cast iron
- 1.1% (740 thousand US$): 720441 - Ferrous turnings, shavings, chips, milling waste, sawdust, filings, trimmings & stampings, whether or not in bundles
- 0.782% (525 thousand US$): 720450 - Remelting ferrous scrap ingots
