2023
Exports
$194kWorld Rnk 53 / 90
Flag Rnk 1061 / 1213
2023
PRODUCT COMPLEXITY IN Steel Bars
0.38Rnk 420 / 1025
2023
Imports
$6.22MWorld Rnk 56 / 166
Flag Rnk 823 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $194k in Steel Bars, making it the 53rd largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 1061st most exported product in Portugal. The main destination of Steel Bars exports from Portugal are: Spain ($153k), Angola ($28.1k), China ($6.81k), Netherlands ($3.69k), and Cape Verde ($2.57k).

The fastest growing export markets for Steel Bars of Portugal between 2022 and 2023 were China ($6.81k) and Angola ($4.42k).

Imports In 2023, Portugal imported $6.22M in Steel Bars, becoming the 56th largest importer of Steel Bars in the world. At the same year, Steel Bars was the 823rd most imported product in Portugal. Portugal imports Steel Bars primarily from: Spain ($2.91M), Italy ($2.33M), Switzerland ($251k), United Kingdom ($219k), and Germany ($208k).

The fastest growing import markets in Steel Bars for Portugal between 2022 and 2023 were Romania ($154k), China ($27.7k), and Netherlands ($1.31k).

Latest Trends

Jan 2025

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 Steel Bars. 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 (2023)$194k
IMPORTS (2023)$6.22M
NET TRADE (2023)-$6.03M

In 2023, Portugal exported $194k in Steel Bars. The main destinations of Portugal exports on Steel Bars were Spain ($153k), Angola ($28.1k), China ($6.81k), Netherlands ($3.69k), and Cape Verde ($2.57k).

In 2023, Portugal imported $6.22M in Steel Bars, mainly from Spain ($2.91M), Italy ($2.33M), Switzerland ($251k), United Kingdom ($219k), and Germany ($208k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
China$6.81k (1%)
Angola$4.42k (18.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Portugal WERE (2022 - 2023):
Spain-$440k (-74.3%)
Ireland-$10k (-100%)
Netherlands-$6.23k (-62.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Steel Bars were:
In 2023, Portugal's main importing competitors in Steel Bars were:

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $119k
TOP IMPORT POTENTIALSpain+ $451k

Steel Bars’s highest export potential is Spain. With an export gap of $119k.   Steel Bars’s highest import potential is Spain with an import gap of $451k.

See methodology.

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