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2022
Exports $33.5MWorld Rnk 16 / 89
Flag Rnk 727 / 1214
2022
Destination $28.3M Belgium
2021 - 2022
FASTEST GROWING MARKET $28.3MBelgium
2022
PRODUCT COMPLEXITY IN Iron Reductions-1.54Rnk 951 / 1025
2022
Imports $99.3MWorld Rnk 18 / 144
Flag Rnk 524 / 1214
2022
Origin $5.32M Russia
2021 - 2022
FASTEST GROWING ORIGIN $5.32MLibya
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $33.5M in Iron Reductions, making it the 16th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 727th most exported product in Spain. The main destination of Iron Reductions exports from Spain are: Belgium ($28.3M), France ($3.34M), Netherlands ($769k), Germany ($492k), and United States ($420k).

The fastest growing export markets for Iron Reductions of Spain between 2021 and 2022 were Belgium ($28.3M), Netherlands ($769k), and France ($520k).

Imports In 2022, Spain imported $99.3M in Iron Reductions, becoming the 18th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 524th most imported product in Spain. Spain imports Iron Reductions primarily from: Russia ($71.8M), United States ($10.6M), Libya ($9.76M), France ($3.36M), and Venezuela ($1.88M).

The fastest growing import markets in Iron Reductions for Spain between 2021 and 2022 were Libya ($5.32M), France ($2.39M), and Venezuela ($1.88M).

Latest Trends

October 2024

About

Overview In October 2024 Spain's Iron Reductions exports accounted up to €333k and imports accounted up to €2.87M, resulting in a negative trade balance of €2.54M. Between October 2023 and October 2024 the exports of Spain's   Iron Reductions have decreased by €-51.9k (-13.5%) from €385k to €333k, while imports decreased by €-3.12M (-52.1%) from €5.99M to €2.87M.

Destinations In October 2024, Iron Reductions were exported mostly to France (€283k), Germany (€26.7k), Rest of the world (€14.8k), Cuba (€5.56k), and Italy (€2.42k), and were imported mostly from Venezuela (€1.59M), Bahrain (€1.24M), Portugal (€11k), United Kingdom (€8.31k), and Hungary (€7.38k).

Growth In October 2024, the decrease in Iron Reductions's year-by-year exports was explained primarily by a decrease in exports to Germany (€-7.5k or -28.8%) and Poland (€-293 or -41.7%). In October 2024, the decrease in Iron Reductions's year-by-year imports was explained primarily by a decrease in imports from Bulgaria (€-1.69k or -27.7%) and Portugal (€-1.21k or -29.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-51.9k(-13.5%)
IMPORT GROWTH (October 2023 - October 2024)€-3.12M(-52.1%)
MAIN EXPORTER (October 2024)Tarragona€661k
MAIN DESTINATION (October 2024)France€283k

This section shows Iron Reductions'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 Iron Reductions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$33.5M
IMPORTS (2022)$99.3M
NET TRADE (2022)-$65.9M

In 2022, Spain exported $33.5M in Iron Reductions. The main destinations of Spain exports on Iron Reductions were Belgium ($28.3M), France ($3.34M), Netherlands ($769k), Germany ($492k), and United States ($420k).

In 2022, Spain imported $99.3M in Iron Reductions, mainly from Russia ($71.8M), United States ($10.6M), Libya ($9.76M), France ($3.36M), and Venezuela ($1.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Belgium$28.3M (1%)
Netherlands$769k (7.69M%)
France$520k (18.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Spain WERE (2021 - 2022):
Italy-$647k (-99.7%)
United States-$284k (-40.4%)
Portugal-$265k (-72.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Iron Reductions were:
Russia $1.26B
Trinidad and Tobago $872M
Qatar $625M
In 2022, Spain's main importing competitors in Iron Reductions were:
United States $885M
Kuwait $767M
Italy $415M

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.06M
TOP IMPORT POTENTIALLibya+ $2.39M

Iron Reductions’s highest export potential is France. With an export gap of $1.06M.   Iron Reductions’s highest import potential is Libya with an import gap of $2.39M.

See methodology.

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