Exim code 7602 refers to scrap and waste of aluminum, which is widely traded around the world. The export and import of this commodity have become a crucial part of the global economy, as it is used in various industries such as construction, transportation, and packaging. The top export and importing countries of scrap waste under Exim code 7602.

Top Exporting Countries of Scrap Waste (Exim Code 7602):

1. United States of America: The USA is the world’s largest exporter of scrap waste under Exim code 7602, accounting for 27% of the global export market. The USA exports this commodity to various countries, including India, South Korea, and China.
2. United Arab Emirates: The UAE is the second-largest exporter of scrap waste under Exim code 7602, with a share of 11% of the global export market. The UAE mainly exports this commodity to India and Pakistan.
3. Netherlands: The Netherlands is the third-largest exporter of scrap waste under Exim code 7602, accounting for 9% of the global export market. The Netherlands exports this commodity to various countries, including Germany, Belgium, and China.
4. Japan: Japan is the fourth-largest exporter of scrap waste under Exim code 7602, accounting for 8% of the global export market. Japan mainly exports this commodity to South Korea and China.
5. Germany: Germany is the fifth-largest exporter of scrap waste under Exim code 7602, accounting for 7% of the global export market. Germany mainly exports this commodity to Turkey, the Netherlands, and China.

Top Importing Countries of Scrap Waste (Exim Code 7602):

1. China: China is the world’s largest importer of scrap waste under Exim code 7602, accounting for 49% of the global import market. China imports this commodity from various countries, including the USA, Japan, and Germany.
2. India: India is the second-largest importer of scrap waste under Exim code 7602, accounting for 11% of the global import market. India mainly imports this commodity from the USA, the UAE, and the UK.
3. South Korea: South Korea is the third-largest importer of scrap waste under Exim code 7602, accounting for 8% of the global import market. South Korea mainly imports this commodity from Japan, the USA, and Australia.
4. Malaysia: Malaysia is the fourth-largest importer of scrap waste under Exim code 7602, accounting for 5% of the global import market. Malaysia mainly imports this commodity from Australia, the USA, and Japan.
5. Taiwan: Taiwan is the fifth-largest importer of scrap waste under exim code 7602, accounting for 4% of the global import market. Taiwan mainly imports this commodity from Japan, the USA, and Hong Kong.

Conclusion:

The export and import of scrap waste under exim code 7602 have become an essential part of the global economy. The USA and China are the largest exporters and importers, respectively, of this commodity, followed by the UAE, India, and Japan. As the demand for this commodity continues to grow, it is expected that the export and import of scrap waste will continue to increase in the coming years, leading to further development of the industry.