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Where does Bangladesh get its iron and steel scrap? Import sources 2024

In 2024, Bangladesh imported $1.6 billion of iron and steel scrap (4.4 million tonnes), 3.6% of the world total. Its main sources were the United States (41%), Australia (19%) and Japan (14%). Bangladesh was the world’s 7th-largest importer of iron and steel scrap.

Summary

Value
$1.6billion
Tonnes
4.4million tonnes
Share of world total
3.6%
World rank
7th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
United States656Tonnes: 1,843,065USD per tonne: $35641.2%Sea
Australia300Tonnes: 750,543USD per tonne: $40018.8%Sea
Japan220Tonnes: 624,457USD per tonne: $35213.8%Sea
Singapore re-exports158Tonnes: 384,930USD per tonne: $4109.9%Sea
New Zealand71.9Tonnes: 209,337USD per tonne: $3444.5%Sea
Brazil47.2Tonnes: 147,509USD per tonne: $3203%Sea
Hong Kong re-exports33.3Tonnes: 91,057USD per tonne: $3662.1%Sea
Chile29.6Tonnes: 89,944USD per tonne: $3291.9%Sea
United Kingdom16.9Tonnes: 43,527USD per tonne: $3891.1%Sea
Netherlands re-exports15.4Tonnes: 42,707USD per tonne: $3600.97%Sea
Thailand14.7Tonnes: 39,962USD per tonne: $3670.92%Sea
Philippines8.8Tonnes: 73,641USD per tonne: $1200.55%Sea
Dominican Republic5.2Tonnes: 16,997USD per tonne: $3040.32%Sea
Peru5Tonnes: 13,382USD per tonne: $3710.31%Sea
Canada1.9Tonnes: 6,259USD per tonne: $3070.12%Sea
Trinidad and Tobago1.6Tonnes: 4,201USD per tonne: $3860.1%Sea
South Korea1.4Tonnes: 3,616USD per tonne: $3840.09%Sea
Fiji1.4Tonnes: 4,629USD per tonne: $2990.09%Sea
Taiwan0.87Tonnes: 2,263USD per tonne: $3860.05%Sea
Ireland0.75Tonnes: 1,876USD per tonne: $4000.05%Sea

Trend

Who it buys from

The United States has been its main source since 2016

Value in USD millions. The five largest sources in 2024.

  • United States 656
  • Australia 300
  • Japan 220
  • Singapore 158
  • New Zealand 72

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.11656
Australia0.08300
Japan0.32220
Singapore0.16158
New Zealand072

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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