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2022
Exports $58.5kWorld Rnk 88 / 128
Flag Rnk 1132 / 1216
2022
Destination $23.7k France
2021 - 2022
FASTEST GROWING MARKET $23.7kFrance
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $399kWorld Rnk 68 / 130
Flag Rnk 1111 / 1216
2022
Origin $28k France
2021 - 2022
FASTEST GROWING ORIGIN $28kBrazil
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $58.5k in Iron Ore, making it the 88th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 1132nd most exported product in Portugal. The main destination of Iron Ore exports from Portugal are: France ($23.7k), Spain ($17.8k), Netherlands ($17k), and United Kingdom ($72).

The fastest growing export markets for Iron Ore of Portugal between 2021 and 2022 were France ($23.7k), Spain ($17.6k), and Netherlands ($17k).

Imports In 2022, Portugal imported $399k in Iron Ore, becoming the 68th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1111th most imported product in Portugal. Portugal imports Iron Ore primarily from: France ($195k), United Kingdom ($66.3k), Belgium ($52.6k), Netherlands ($30.5k), and Brazil ($28k).

The fastest growing import markets in Iron Ore for Portugal between 2021 and 2022 were Brazil ($28k), Belgium ($17.5k), and Italy ($7.38k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

Color
EXPORTS (2022)$58.5k
IMPORTS (2022)$399k
NET TRADE (2022)-$340k

In 2022, Portugal exported $58.5k in Iron Ore. The main destinations of Portugal exports on Iron Ore were France ($23.7k), Spain ($17.8k), Netherlands ($17k), and United Kingdom ($72).

In 2022, Portugal imported $399k in Iron Ore, mainly from France ($195k), United Kingdom ($66.3k), Belgium ($52.6k), Netherlands ($30.5k), and Brazil ($28k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
France$23.7k (1%)
Spain$17.6k (12.1k%)
Netherlands$17k (1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Portugal's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
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.

See methodology.

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