Iron & steel in Portugal | The Observatory of Economic Complexity

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 IKEA SUPPLY AG (518), HOME DEPOT, U. S. A., INC. (38), and AT HOME PROCUREMENT INC (26) were at the forefront of shipping Iron & steel from Portugal to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Portugal's Iron & steel exports accounted up to €147M and imports accounted up to €331M, resulting in a negative trade balance of €184M. Between January 2023 and January 2024 the exports of Portugal's Iron & steel have decreased by €-5.53M (-3.63%) from €152M to €147M, while imports increased by €19.9M (6.39%) from €311M to €331M.

Destinations In January 2024, Iron & steel were exported mostly to Spain (€76.5M), France (€12.9M), United Kingdom (€11M), Ireland (€8.31M), and Morocco (€6.91M), and were imported mostly from Spain (€99M), Japan (€39.3M), Chinese Taipei (€35.2M), France (€25.5M), and Vietnam (€20M).

Growth In January 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 January 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-5.53M(-3.63%)

IMPORT GROWTH (January 2023 - January 2024)€19.9M(6.39%)

MAIN DESTINATION (January 2024)Spain€76.5M

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

Trade Value

Growth

Growth (%)

Year

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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