Latest trade
$43.5BGlobal subsector valueHS4 subsector intelligence
Ferrous waste and scrap
HS4 7204 trade overview
A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.
The numbers at a glanceLatest reported year · 2024
Annual change
-13.1%Latest year on yearExporters
196Active reporting countriesImporters
180Active reporting countriesHS6 products
7Classifications inside HS4The subsector read
$43.5B in trade, with -8.4% annualized growth over three years.
Ferrous waste and scrap is recorded across 3,274 active corridors, with 196 exporters and 180 importers.
Annual trend
Subsector momentum over time
Reported global trade from 1995 to 2024. Read the methodology ↗
Top trade corridors
Where the subsector moves
Leading exporter-to-importer relationships by latest reported value. See data sources ↗
Latest reported relationshipsTop 10 by trade value
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | TurkeyTUR | $1.6B | +1.9% | 5 | 8,087 km | No |
| 2 | CanadaCAN | USA, Puerto Rico and US Virgin IslandsUSA | $1.3B | -9.7% | 7 | 556 km | Yes |
| 3 | USA, Puerto Rico and US Virgin IslandsUSA | MexicoMEX | $900.5M | -8.9% | 7 | 3,359 km | Yes |
| 4 | GermanyDEU | BelgiumBEL | $869.1M | -11% | 6 | 653 km | Yes |
| 5 | FranceFRA | BelgiumBEL | $845.0M | -9.9% | 7 | 264 km | Yes |
| 6 | JapanJPN | Viet NamVNM | $828.5M | -5.6% | 4 | 4,327 km | Yes |
| 7 | NetherlandsNLD | TurkeyTUR | $807.2M | -13.6% | 5 | 2,215 km | Yes |
| 8 | United KingdomGBR | TurkeyTUR | $765.3M | -6.7% | 6 | 2,504 km | Yes |
| 9 | USA, Puerto Rico and US Virgin IslandsUSA | IndiaIND | $762.1M | +22.7% | 6 | 11,771 km | No |
| 10 | GermanyDEU | ItalyITA | $739.3M | -9.2% | 6 | 1,184 km | Yes |
Market structure
Where supply and demand concentrate
Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | $6.4B | 100 | 7 |
| 2 | GermanyDEU | $4.3B | 72 | 7 |
| 3 | United KingdomGBR | $3.1B | 74 | 7 |
| 4 | NetherlandsNLD | $2.8B | 62 | 7 |
| 5 | FranceFRA | $2.8B | 64 | 7 |
| 6 | JapanJPN | $2.6B | 50 | 7 |
| 7 | CanadaCAN | $1.8B | 58 | 7 |
| 8 | BelgiumBEL | $1.5B | 53 | 7 |
| 9 | PolandPOL | $1.2B | 48 | 7 |
| 10 | CzechiaCZE | $1.0B | 33 | 7 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | TurkeyTUR | $7.2B | 61 | 7 |
| 2 | IndiaIND | $4.5B | 145 | 7 |
| 3 | BelgiumBEL | $2.6B | 60 | 7 |
| 4 | ItalyITA | $2.6B | 57 | 7 |
| 5 | GermanyDEU | $2.3B | 93 | 7 |
| 6 | USA, Puerto Rico and US Virgin IslandsUSA | $1.9B | 65 | 7 |
| 7 | Viet NamVNM | $1.8B | 44 | 7 |
| 8 | BangladeshBGD | $1.6B | 39 | 7 |
| 9 | EgyptEGY | $1.5B | 22 | 6 |
| 10 | PakistanPAK | $1.4B | 90 | 7 |
HS6 product coverage
The products inside HS4 7204
Six-digit classifications make the subsector specific. Browse the product workspace ↗
7 classifications shownFerrous waste and scrap
Ferrous waste and scrap: of cast ironHS6 720410
Ferrous waste and scrap: of stainless steelHS6 720421
Ferrous waste and scrap: of alloy steel (excluding stainless)HS6 720429
Ferrous waste and scrap: of tinned iron or steelHS6 720430
Ferrous waste and scrap: turnings, shavings, chips, milling waste, sawdust, fillings, trimmings and stampings, whether or not in bundlesHS6 720441
Ferrous waste and scrap: n.e.s. in heading no. 7204HS6 720449
Ferrous products: remelting scrap ingotsHS6 720450
Definitions and coverage
Read the numbers with context
Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations.
Missing data
Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.
Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.