China＇s　Belt　and　Road　Initiative　(BRI)　is　a　global　development　strategy　with　great　potential　for　multilateral　trade　cooperation　and　economic　growth　in　Asia,　Europe　and　Africa.　Commodities　trade　volumes　across　BRI　countries　have　boomed　in　the　last　few　years.　However,　the　waste　and　scrap　(WaS)　trade,　an　important　aspect　of　global　waste　management,　has　received　little　attention.　In　recent　years,　frequent　trade　frictions　and　restrictive　import　policies　due　to　increasing　environmental　protection　awareness　have　sent　massive　shocks　through　the　international　WaS　trade　system.　Exploring　the　impacts　of　shocks　on　BRI-WaS　trade　is　an　important　but　unexamined　research　topic　that　can　help　ensure　the　steady　operation　of　WaS　recycling.　To　address　this　research　gap,　this　study　first　provides　a　panoramic　view　of　the　BRI-WaS　trade　network　and　analyzes　its　structural　relation　to　the　global　WaS　trade　network.　Second,　the　hidden　risks　in　the　BRI-WaS　trade　are　revealed　by　proposed　shock　propagation　models　in　three　real-life　scenarios,　namely,　a　unilateral　trade　disruption,　a　bilateral　trade　crash　and　an　import　ban.　Third,　the　global　circulations　conceptual　framework　is　mathematically　examined　in　the　BRI　regional　context.　The　findings　reveal　that　BRI　countries　are　increasingly　important　to　global　WaS　trade　and　that　BRI-WaS　trade　presents　a　heterogeneous　structure　with　evenly　distributed　trade　channels.　The　＂most　at-risk＂　sources　in　the　BRI-WaS　trade　network　are　uncovered.　The　BRI　circulation　system　is　mathematically　feasible　but　eco-ethically　infeasible.　Discussions　are　provided　to　support　authorities　in　developing　effective　strategies　to　manage　BRI-WaS　trade　and　responses　to　future　extreme　disturbances　as　well　as　address　the　global　WaS　crisis.