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Pricing

2021 - 2022
FASTEST GROWING MARKET $111MUnited States
2022
PRODUCT COMPLEXITY IN Iron or steel articles1.68Rnk 27 / 1025
2022
Origin $107M Spain
2021 - 2022
FASTEST GROWING ORIGIN $107MSpain
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported N/A in Iron or steel articles, making it the 30th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 8th most exported product in Portugal. The main destination of Iron or steel articles exports from Portugal are: Spain ($616M), France ($560M), United States ($238M), Germany ($168M), and United Kingdom ($167M).

The fastest growing export markets for Iron or steel articles of Portugal between 2021 and 2022 were United States ($111M), Germany ($30.7M), and Sweden ($24.2M).

The fastest growing import markets in Iron or steel articles for Portugal between 2021 and 2022 were Spain ($107M), China ($22.4M), and France ($16.7M).

COMPANIES In 2023, leading companies such as Continental Tire (21), Home Depot (21), and At Home Procurement (6) were at the forefront of shipping Iron or steel articles from Portugal to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Portugal's Iron or steel articles exports accounted up to €230M and imports accounted up to €170M, resulting in a positive trade balance of €59.9M. Between October 2023 and October 2024 the exports of Portugal's   Iron or steel articles have increased by €6.22M (2.79%) from €223M to €230M, while imports increased by €17.2M (11.3%) from €152M to €170M.

Destinations In October 2024, Iron or steel articles were exported mostly to Spain (€62M), France (€53.2M), Germany (€17.9M), United States (€16.3M), and United Kingdom (€9.31M), and were imported mostly from Spain (€76.3M), Italy (€17.6M), China (€15.6M), Germany (€14.2M), and France (€11.3M).

Growth In October 2024, the increase in Iron or steel articles's year-by-year exports was explained primarily by an increase in exports to Belgium (€4.82M or 103%), France (€4.24M or 8.49%), and Angola (€3.73M or 80.9%). In October 2024, the increase in Iron or steel articles's year-by-year imports was explained primarily by an increase in imports from Spain (€17.7M or 34.3%), Germany (€1.99M or 15.8%), and Luxembourg (€981k or 360%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€6.22M(2.79%)
IMPORT GROWTH (October 2023 - October 2024)€17.2M(11.3%)
MAIN DESTINATION (October 2024)Spain€62M

This section shows Iron or steel articles's exports and imports data at subnational level for Portugal. 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 Iron or steel articles over time.

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Historical Data

Trade Balance

Color

In N/A, Portugal exported N/A in Iron or steel articles. The main destinations of Portugal exports on Iron or steel articles were Spain ($616M), France ($560M), United States ($238M), Germany ($168M), and United Kingdom ($167M).

In N/A, Portugal imported N/A in Iron or steel articles, mainly from Spain ($861M), Italy ($192M), Germany ($163M), China ($151M), and France ($126M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
United States$111M (86.9%)
Germany$30.7M (22.3%)
Sweden$24.2M (106%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Portugal WERE (2021 - 2022):
France-$22.8M (-3.91%)
Netherlands-$7.42M (-8.39%)
Chile-$7.25M (-45.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Portugal's main importing competitors in Iron or steel articles were:
United States $59.3B
Germany $32.6B
France $16.2B

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $85.6M
TOP IMPORT POTENTIALChina+ $100M

Iron or steel articles’s highest export potential is Germany. With an export gap of $85.6M.   Iron or steel articles’s highest import potential is China with an import gap of $100M.

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