Exim Code Code 7404 Scrap Waste top export and importing country worldwide
Exim Code 7404 refers to the international trade classification for “Scrap of Waste of Non-Metallic Materials.” This code is used to classify and track the trade of waste materials that are not made of metal, such as plastic, rubber, and paper.
The global trade of non-metallic waste has been steadily increasing over the years, with many countries importing and exporting large quantities of scrap waste. The trade of non-metallic waste under Exim Code 7404.
Top Exporting Countries of Non-Metallic Waste under Exim Code 7404
- United States of America (USA)
The USA is the largest exporter of non-metallic waste under Exim Code 7404, with a total export value of over $3 billion in 2020. The USA exports scrap waste to a variety of countries, including China, Canada, and India.
- Germany
Germany is the second-largest exporter of non-metallic waste under Exim Code 7404, with a total export value of over $2 billion in 2020. The country primarily exports to neighboring European countries such as Poland, the Netherlands, and Belgium.
- United Kingdom (UK)
The UK is the third-largest exporter of non-metallic waste under Exim Code 7404, with a total export value of over $1 billion in 2020. The UK exports to a variety of countries, including Turkey, Malaysia, and India.
Top Importing Countries of Non-Metallic Waste under Exim Code 7404
- China
China is the largest importer of non-metallic waste under Exim Code 7404, with a total import value of over $6 billion in 2020. The country imports scrap waste from a variety of countries, including the USA, Japan, and the UK.
- India
India is the second-largest importer of non-metallic waste under Exim Code 7404, with a total import value of over $1 billion in 2020. The country primarily imports from the USA, the UK, and Germany.
- Malaysia
Malaysia is the third-largest importer of non-metallic waste under Exim Code 7404, with a total import value of over $800 million in 2020. The country primarily imports from the USA, Japan, and Singapore.
The trade of non-metallic waste under Exim Code 7404 is a significant industry, with billions of dollars in trade every year. While the USA and China are the largest exporters and importers, respectively, of non-metallic waste, there are many other countries involved in this industry. As the world becomes increasingly conscious of the importance of sustainability and recycling, the trade of non-metallic waste will likely continue to grow in the coming years.