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2022
Exports $2.04BWorld Rnk 41 / 223
Flag Rnk 13 / 96
2022
Destination $42.7M Spain
2021 - 2022
FASTEST GROWING MARKET $42.7MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Iron & steel1.68Rnk 28 / 1025
2022
Imports $4.04BWorld Rnk 33 / 225
Flag Rnk 6 / 96
2022
Origin $146M Spain
2021 - 2022
FASTEST GROWING ORIGIN $146MBrazil
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $2.04B in Iron & steel, making it the 41st largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 13th most exported product in Portugal. The main destination of Iron & steel exports from Portugal are: Spain ($1.02B), United Kingdom ($197M), France ($123M), Ireland ($110M), and Germany ($74M).

The fastest growing export markets for Iron & steel of Portugal between 2021 and 2022 were United Kingdom ($42.7M), Ireland ($38.7M), and Lithuania ($18.4M).

Imports In 2022, Portugal imported $4.04B in Iron & steel, becoming the 33rd largest importer of Iron & steel in the world. At the same year, Iron & steel was the 6th most imported product in Portugal. Portugal imports Iron & steel primarily from: Spain ($1.44B), France ($265M), Brazil ($259M), Italy ($192M), and United Kingdom ($182M).

The fastest growing import markets in Iron & steel for Portugal between 2021 and 2022 were Brazil ($146M), Spain ($144M), and Chinese Taipei ($57M).

COMPANIES In 2023, leading companies such as Home Depot (19), IKEA Group (7), and At Home Procurement (1) were at the forefront of shipping Iron & steel from Portugal to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Portugal's Iron & steel exports accounted up to €96.9M and imports accounted up to €244M, resulting in a negative trade balance of €147M. Between August 2023 and August 2024 the exports of Portugal's   Iron & steel have decreased by €-15M (-13.4%) from €112M to €96.9M, while imports increased by €52.8M (27.7%) from €191M to €244M.

Destinations In August 2024, Iron & steel were exported mostly to Spain (€46.7M), United Kingdom (€15.1M), France (€5.53M), Denmark (€4.74M), and United States (€4.59M), and were imported mostly from Spain (€76.1M), Turkey (€36.9M), United Kingdom (€18.7M), Other Asia, nes (€17.5M), and South Korea (€14.7M).

Growth In August 2024, the decrease in Iron & steel's year-by-year exports was explained primarily by a decrease in exports to Spain (€-11.7M or -12.8%), France (€-6.51M or -49.5%), and Germany (€-5.48M or -57.9%). In August 2024, the increase in Iron & steel's year-by-year imports was explained primarily by an increase in imports from South Korea (€11.1M or 272%), United Kingdom (€11M or 122%), and Japan (€7M or 2.35k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-15M(-13.4%)
IMPORT GROWTH (August 2023 - August 2024)€52.8M(27.7%)
MAIN DESTINATION (August 2024)Spain€46.7M

This section shows Iron & steel'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 & steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.04B
IMPORTS (2022)$4.04B
NET TRADE (2022)-$2B

In 2022, Portugal exported $2.04B in Iron & steel. The main destinations of Portugal exports on Iron & steel were Spain ($1.02B), United Kingdom ($197M), France ($123M), Ireland ($110M), and Germany ($74M).

In 2022, Portugal imported $4.04B in Iron & steel, mainly from Spain ($1.44B), France ($265M), Brazil ($259M), Italy ($192M), and United Kingdom ($182M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
United Kingdom$42.7M (27.6%)
Ireland$38.7M (54.5%)
Lithuania$18.4M (3.28k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Portugal WERE (2021 - 2022):
Morocco-$204M (-89.2%)
Tunisia-$36.7M (-99.3%)
Canada-$11.5M (-53.8%)
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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 & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Portugal's main importing competitors in Iron & steel were:
United States $43.2B
China $41.4B
Germany $36B

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $35M
TOP IMPORT POTENTIALChina+ $82.1M

Iron & steel’s highest export potential is France. With an export gap of $35M.   Iron & steel’s highest import potential is China with an import gap of $82.1M.

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