Scrap Iron in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $525M in Scrap Iron, making it the 19th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 169th most exported product in Spain. The main destination of Scrap Iron exports from Spain are: Morocco ($110M), Portugal ($105M), France ($52.3M), Turkey ($49.1M), and India ($41.3M).

The fastest growing export markets for Scrap Iron of Spain between 2021 and 2022 were Morocco ($54.2M), Belgium ($19.7M), and France ($19.5M).

Imports In 2022, Spain imported $1.44B in Scrap Iron, becoming the 14th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 65th most imported product in Spain. Spain imports Scrap Iron primarily from: France ($643M), Portugal ($152M), United Kingdom ($136M), Netherlands ($130M), and Germany ($105M).

The fastest growing import markets in Scrap Iron for Spain between 2021 and 2022 were Venezuela ($13.2M), Sweden ($5.2M), and Brazil ($3.6M).

COMPANIES In 2023, leading companies such as SIGMA CORPORATION (208) were at the forefront of shipping Scrap Iron from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Scrap Iron exports accounted up to €27.9M and imports accounted up to €108M, resulting in a negative trade balance of €80.3M. Between January 2023 and January 2024 the exports of Spain's Scrap Iron have increased by €102k (0.37%) from €27.8M to €27.9M, while imports increased by €26.6M (32.7%) from €81.5M to €108M.

Destinations In January 2024, Scrap Iron were exported mostly to Portugal (€9.97M), Morocco (€5.2M), Belgium (€3.06M), Italy (€2.95M), and France (€2.56M), and were imported mostly from France (€48.7M), Turkey (€17.1M), Germany (€11.4M), Austria (€9.5M), and Portugal (€5.27M).

Growth In January 2024, the increase in Scrap Iron's year-by-year exports was explained primarily by an increase in exports to Portugal (€2.48M or 34.4%), Italy (€2M or 55%), and Belgium (€887k or 69.8%). In January 2024, the increase in Scrap Iron's year-by-year imports was explained primarily by an increase in imports from Sweden (€833k or 151%), Colombia (€633k or 211%), and Portugal (€484k or 4.45%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€102k(0.37%)

IMPORT GROWTH (January 2023 - January 2024)€26.6M(32.7%)

MAIN EXPORTER (January 2024)Barcelona€8.37M

MAIN DESTINATION (January 2024)Portugal€9.97M

This section shows Scrap Iron's exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Scrap Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$525M

IMPORTS (2022)$1.44B

NET TRADE (2022)-$912M

In 2022, Spain exported $525M in Scrap Iron. The main destinations of Spain exports on Scrap Iron were Morocco ($110M), Portugal ($105M), France ($52.3M), Turkey ($49.1M), and India ($41.3M).

In 2022, Spain imported $1.44B in Scrap Iron, mainly from France ($643M), Portugal ($152M), United Kingdom ($136M), Netherlands ($130M), and Germany ($105M).

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