Iron Ore in Portugal | The Observatory of Economic Complexity

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Exports In 2023, Portugal exported $43.6k in Iron Ore, making it the 88th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 1135th most exported product in Portugal. The main destination of Iron Ore exports from Portugal are: France ($32.1k), Netherlands ($10.7k), China ($295), United Kingdom ($205), and Algeria ($171).

The fastest growing export markets for Iron Ore of Portugal between 2022 and 2023 were France ($8.44k), China ($295), and Algeria ($171).

Imports In 2023, Portugal imported $526k in Iron Ore, becoming the 61st largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1095th most imported product in Portugal. Portugal imports Iron Ore primarily from: France ($399k), United Kingdom ($37.6k), Netherlands ($35.8k), Spain ($28.3k), and Italy ($12.5k).

The fastest growing import markets in Iron Ore for Portugal between 2022 and 2023 were France ($181k), Spain ($20.2k), and Netherlands ($2.76k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

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Trade Value

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Growth (%)

Year

EXPORTS (2023)$43.6k

IMPORTS (2023)$526k

NET TRADE (2023)-$482k

In 2023, Portugal exported $43.6k in Iron Ore. The main destinations of Portugal exports on Iron Ore were France ($32.1k), Netherlands ($10.7k), China ($295), United Kingdom ($205), and Algeria ($171).

In 2023, Portugal imported $526k in Iron Ore, mainly from France ($399k), United Kingdom ($37.6k), Netherlands ($35.8k), Spain ($28.3k), and Italy ($12.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

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THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Portugal WERE (2022 - 2023):

France$8.44k (35.6%)

China$295 (1%)

Algeria$171 (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Portugal WERE (2022 - 2023):

Spain-$21.2k (-100%)

Netherlands-$9.95k (-48.1%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Portugal's main exporting competitors in Iron Ore were:

Australia $85.4B

Brazil $34B

Canada $7.23B

In 2023, Portugal's main importing competitors in Iron Ore were:

China $112B

Japan $9.3B

South Korea $7.07B

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Trade Value of Iron Ore by Exporters

Potential Exports

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TOP EXPORT POTENTIALSpain+ $34.8k

TOP IMPORT POTENTIALBrazil+ $124k

Iron Ore’s highest export potential is Spain. With an export gap of $34.8k. Iron Ore’s highest import potential is Brazil with an import gap of $124k.

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Latest Trends

Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

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