2023
Exports
$2.02MWorld Rnk 40 / 95
Flag Rnk 820 / 1213
2023
PRODUCT COMPLEXITY IN Steel Ingots
0.44Rnk 392 / 1025
2023
Imports
$14.1MWorld Rnk 28 / 166
Flag Rnk 647 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $2.02M in Steel Ingots, making it the 40th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 820th most exported product in Portugal. The main destination of Steel Ingots exports from Portugal are: France ($842k), Brazil ($739k), Romania ($282k), United Kingdom ($67.7k), and Spain ($67.5k).

The fastest growing export markets for Steel Ingots of Portugal between 2022 and 2023 were France ($652k), Brazil ($319k), and Romania ($80.6k).

Imports In 2023, Portugal imported $14.1M in Steel Ingots, becoming the 28th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 647th most imported product in Portugal. Portugal imports Steel Ingots primarily from: Italy ($7.64M), Canada ($2.49M), Spain ($2.23M), Austria ($1.07M), and China ($376k).

The fastest growing import markets in Steel Ingots for Portugal between 2022 and 2023 were Canada ($615k), China ($221k), and Austria ($58.7k).

Latest Trends

Dec 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 Steel Ingots. 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)$2.02M
IMPORTS (2023)$14.1M
NET TRADE (2023)-$12.1M

In 2023, Portugal exported $2.02M in Steel Ingots. The main destinations of Portugal exports on Steel Ingots were France ($842k), Brazil ($739k), Romania ($282k), United Kingdom ($67.7k), and Spain ($67.5k).

In 2023, Portugal imported $14.1M in Steel Ingots, mainly from Italy ($7.64M), Canada ($2.49M), Spain ($2.23M), Austria ($1.07M), and China ($376k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
France$652k (343%)
Brazil$319k (76.2%)
Romania$80.6k (40%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Portugal WERE (2022 - 2023):
Luxembourg-$181k (-95.9%)
Germany-$91.1k (-100%)
Switzerland-$25.5k (-87.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $181k
TOP IMPORT POTENTIALGermany+ $594k

Steel Ingots’s highest export potential is Spain. With an export gap of $181k.   Steel Ingots’s highest import potential is Germany with an import gap of $594k.

See methodology.

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