Overview In June 2021 Portugal's Iron and steel exports accounted up to €155M and imports accounted up to €321M, resulting in a negative trade balance of €166M. Between June 2020 and June 2021 the exports of Portugal's Iron and steel have increased by €72M (86.3%) from €83.4M to €155M, while imports increased by €148M (85.9%) from €173M to €321M.
Destinations In June 2021, Iron and steel were exported mostly to Spain (€80M), Morocco (€19.3M), Germany (€9.04M), France (€8.16M), and United Kingdom (€8.03M), and were imported mostly from Spain (€105M), Japan (€43.5M), Italy (€20.8M), France (€19.6M), and Turkey (€16.8M).
Growth In June 2021, the increase in Iron and steel's year-by-year exports was explained primarily by an increase in exports to Spain (€37.2M or 86.7%), Morocco (€12.5M or 184%), and Germany (€5.94M or 192%). In June 2021, the increase in Iron and steel's year-by-year imports was explained primarily by an increase in imports from Spain (€57.3M or 121%), Japan (€29.6M or 214%), and France (€10.7M or 121%).