Highlights:
Did you know that even seemingly insignificant items like scrap aluminum or an old bicycle frame might have better value than you may realize? Scrap metal is a significant industry worldwide, and India has many opportunities.
Recycled metals are more in demand than ever as industries worldwide move towards sustainability and affordable raw resources. India has a big role in this expanding commerce as a significant metal producer and consumer.
This blog will walk you through the potential of scrap metal export from India, the list of scrap metal export companies in India, and much more.
So, let's start by exploring how much scrap metal is exported from India!
India shipped 8,175 containers of scrap metal between March 2023 and February 2024 (TTM), according to metal scrap export data. These commodities were sold to 1,813 buyers by about 1,366 Indian exporters, a 37% rise from the previous year.
In February 2024 alone, 465 scrap metal export from India were made during this period. Most of India's scrap exports go to South Korea, the United States, and Russia, according to metal scrap export data.
The top three countries in the world for scrap metal import export business are the US, China, and Vietnam. The United States exports more rubbish than any other country in the world, with 1,888,609 shipments. China ranks third with 352,351 shipments, followed by Vietnam with 1,036,298 shipments.
Based on metal scrap export data, here are two major types of scrap metal export from India:
India was the 79th most significant scrap iron exporter in the world in 2022–2023, with $32.8 million in exports.
In that same year, scrap iron ranked 666th among India's exports.
The main destinations for scrap iron exports from India are Sweden, Vietnam, China, Bhutan, and Germany.
India became the 45th largest scrap copper exporter in the world in 2022–2023 with $121 million in exports.
In that same year, scrap copper ranked 391st among India's exports.
The main destinations of Scrap Copper exports from India are China, South Korea, the United Arab Emirates, Japan, and Germany.
Below is the list of the major scrap metal exporting countries:
|
Top Rank |
Largest scrap metal exporters |
Metal scrap export data (in 1,000 metric tons) |
|
1 |
USA |
16101.8 |
|
2 |
Germany |
7874.9 |
|
3 |
UK |
7222.6 |
|
4 |
Japan |
6927.3 |
|
5 |
France |
6281.5 |
|
6 |
Netherlands |
6274.6 |
|
7 |
Canada |
4733.8 |
|
8 |
Belgium |
3829.8 |
|
9 |
Poland |
2656 |
|
10 |
Australia |
2143.9 |
Most importantly, these countries are the world's largest scrap metal exporters. With more than 16 million metric tonnes exported in 2023, the United States was by far the world's most significant iron scrap exporters.
However, the Eximpedia.app offers country-by-country global metal scrap export data whether you require an exact list of scrap metal exporters or information on scrap metal export from India.
Here are the scrap metal export companies in India:
Thus, these are India's largest scrap metal exporters. Are you trying to find an accurate and up-to-date list of companies that do scrap metal export from India or metal scrap export data from India? Check out our data-driven platform right now.
Given the demand for raw materials and the expansion of numerous companies in India, launching scrap metal export companies in India might be a profitable endeavour. You could need an IEC Code, an import permit, a bill of lading, a certificate of origin, or up-to-date metal scrap export data in order to be one of the largest scrap metal exporters. The necessary steps to get you started are as follows:
We start by talking about the paperwork needed for scrap metal export from India.
Documents Required for the scrap metal import export business:
It’s time to go to the steps required for scrap metal export from India:
Step 1: Obtain an Importer Exporter Code (IEC): All scrap metal import export businesses must use this 10-digit code that was issued by the Directorate General of Foreign Trade (DGFT). Using the DGFT website, you can submit an online application for an IEC.
Step 2: Locate buyers: Online through a data-driven portal such as Eximpedia, you can locate scrap buyers. You may rapidly examine the worldwide scrap material market once you have found metal scrap export data.
Step 3: Obtain the required licences and permits: For scrap metal export from india, you need to have the necessary licences and permits from the Indian government. Depending on the type of junk you are importing, these licences and permissions may change. For additional information, get in touch with the DGFT or other pertinent government organisations.
Step 4: Get the scrap inspected. The scrap metal must be examined by a reputable scrap inspection organisation to ensure that it satisfies international quality requirements. When the scrap metal export from India is done, the inspection report will be needed by the customs officials.
Step 5: Make shipping arrangements: The scrap metal needs to be shipped from India to export locations. Either you or a goods forwarder can do this.
Step 6: Clear customs: The used rail scrap exporters make clear the scrap by customs officials once it arrives at its destination. The export permit, bill of lading, commercial invoice, and packing list are among the documents you must present to the customs officials.
To examine the metal scrap export data, you simply need to go to Eximpedia's data-driven dashboard. A market research tool called Eximpedia.app offers real international trade information for more than 100 nations together with import and export statistics. Along with other things, you can obtain data on export aluminium scrap or scrap iron export data, or data on scrap metal export from India here.
In summary, launching a scrap metal import export business can be successful both now and in the future. To avoid losses, however, care should be used. You now know how to start a scrap metal company, whether you want to import or export. If you're looking for data on scrap metal export from India or scrap metal export companies in India, please connect with Eximpedia’s experts and book a free live demo!
Known as "Asia's largest automobile recycling market," the Mayapuri Scrapyard in West Delhi is thought to be the biggest metal scrap market in India.
Based on metal scrap export data, the three major types of scrap metal export from India include iron, copper, and aluminium.
With around 19 million metric tonnes imported in 2023, Turkey is the world's biggest importer of ferrous waste and scrap.
The USA exported 16101.8 thousand metric tonnes of scrap metal in 2023-24, making it the largest scrap metal exporter in the world.
As the founder and chairman of Vedanta Resources, a significant scarp metal export companies in India, Anil Agarwal—often referred to as the "metal king"—began his career as a scrap metal dealer and is now regarded as the country's largest scrap trader.
With around 19 million metric tonnes imported in 2023, Turkey is the world's biggest importer of ferrous waste and scrap.
As copper scrap has a higher market value per unit weight than other scrap metals like steel or iron, it is typically regarded as the most profitable kind of scrap, closely followed by brass and aluminium.
Scrap Metal export from India
Scrap Metal export from India to Vietnam Scrap Metal export from India to Germany
Scrap Metal export from India to France
Top Metal Scrap HS Codes
Metal Scrap HS Codes: 72043000 Metal Scrap HS Codes: 72044900
Metal Scrap HS Codes: 74040000
Global scrap metal exporters
Top scrap metal exporters: Japan Top scrap metal exporters: Germany
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