# Ferrous waste and scrap (HS4 7204) Trade Overview | Yugalinks

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Ferrous waste and scrap at HS4 7204, with reported global trade through 2024.

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## Answer

The ferrous waste and scrap subsector recorded $43.5B in reported global trade in 2024, with -13.1% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $43.5B |
| Latest annual change | -13.1% |
| Active exporters | 196 |
| Active importers | 180 |
| Active HS6 products | 7 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $7.9B | 1,946 | 7 |
| 1996 | $6.8B | 1,988 | 7 |
| 1997 | $7.3B | 2,063 | 7 |
| 1998 | $6.4B | 2,043 | 7 |
| 1999 | $6.4B | 2,367 | 7 |
| 2000 | $8.5B | 2,580 | 7 |
| 2001 | $8.0B | 2,714 | 7 |
| 2002 | $9.5B | 2,700 | 7 |
| 2003 | $14.2B | 2,719 | 7 |
| 2004 | $25.7B | 3,291 | 7 |
| 2005 | $26.2B | 3,532 | 7 |
| 2006 | $33.2B | 3,616 | 7 |
| 2007 | $45.1B | 3,857 | 7 |
| 2008 | $56.4B | 4,073 | 7 |
| 2009 | $31.6B | 3,785 | 7 |
| 2010 | $45.5B | 3,761 | 7 |
| 2011 | $57.4B | 3,873 | 7 |
| 2012 | $51.3B | 3,854 | 7 |
| 2013 | $43.5B | 3,636 | 7 |
| 2014 | $42.8B | 3,643 | 7 |
| 2015 | $28.4B | 3,566 | 7 |
| 2016 | $25.3B | 3,378 | 7 |
| 2017 | $35.4B | 3,531 | 7 |
| 2018 | $42.3B | 3,688 | 7 |
| 2019 | $36.0B | 3,537 | 7 |
| 2020 | $32.8B | 3,357 | 7 |
| 2021 | $56.6B | 3,404 | 7 |
| 2022 | $52.8B | 3,386 | 7 |
| 2023 | $46.2B | 3,409 | 7 |
| 2024 | $43.5B | 3,274 | 7 |

## Leading corridors

- USA, Puerto Rico and US Virgin Islands to Turkey: $1.6B; growth +1.9%.
- Canada to USA, Puerto Rico and US Virgin Islands: $1.3B; growth -9.7%.
- USA, Puerto Rico and US Virgin Islands to Mexico: $900.5M; growth -8.9%.
- Germany to Belgium: $869.1M; growth -11%.
- France to Belgium: $845.0M; growth -9.9%.
- Japan to Viet Nam: $828.5M; growth -5.6%.
- Netherlands to Turkey: $807.2M; growth -13.6%.
- United Kingdom to Turkey: $765.3M; growth -6.7%.
- USA, Puerto Rico and US Virgin Islands to India: $762.1M; growth +22.7%.
- Germany to Italy: $739.3M; growth -9.2%.

## HS6 products

- Ferrous waste and scrap: of cast iron (HS6 720410)
- Ferrous waste and scrap: of stainless steel (HS6 720421)
- Ferrous waste and scrap: of alloy steel (excluding stainless) (HS6 720429)
- Ferrous waste and scrap: of tinned iron or steel (HS6 720430)
- Ferrous waste and scrap: turnings, shavings, chips, milling waste, sawdust, fillings, trimmings and stampings, whether or not in bundles (HS6 720441)
- Ferrous waste and scrap: n.e.s. in heading no. 7204 (HS6 720449)
- Ferrous products: remelting scrap ingots (HS6 720450)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.