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2022
Exports $2.54BWorld Rnk 30 / 226
Flag Rnk 8 / 96
2022
Destination $111M Spain
2021 - 2022
FASTEST GROWING MARKET $111MUnited States
2022
PRODUCT COMPLEXITY IN Iron or steel articles1.68Rnk 27 / 1025
2022
Imports $1.88BWorld Rnk 45 / 225
Flag Rnk 12 / 96
2022
Origin $107M Spain
2021 - 2022
FASTEST GROWING ORIGIN $107MSpain
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $2.54B in Iron or steel articles, making it the 30th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 8th most exported product in Portugal. The main destination of Iron or steel articles exports from Portugal are: Spain ($616M), France ($560M), United States ($238M), Germany ($168M), and United Kingdom ($167M).

The fastest growing export markets for Iron or steel articles of Portugal between 2021 and 2022 were United States ($111M), Germany ($30.7M), and Sweden ($24.2M).

Imports In 2022, Portugal imported $1.88B in Iron or steel articles, becoming the 45th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 12th most imported product in Portugal. Portugal imports Iron or steel articles primarily from: Spain ($861M), Italy ($192M), Germany ($163M), China ($151M), and France ($126M).

The fastest growing import markets in Iron or steel articles for Portugal between 2021 and 2022 were Spain ($107M), China ($22.4M), and France ($16.7M).

COMPANIES In 2023, leading companies such as Continental Tire (21), Home Depot (21), and At Home Procurement (6) were at the forefront of shipping Iron or steel articles from Portugal to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Portugal's Iron or steel articles exports accounted up to €186M and imports accounted up to €111M, resulting in a positive trade balance of €74.5M. Between August 2023 and August 2024 the exports of Portugal's   Iron or steel articles have increased by €17.9M (10.7%) from €168M to €186M, while imports decreased by €-10.3M (-8.49%) from €122M to €111M.

Destinations In August 2024, Iron or steel articles were exported mostly to Spain (€41.6M), France (€38.3M), United States (€22.2M), Angola (€14.1M), and Germany (€12.6M), and were imported mostly from Spain (€46M), Germany (€11.1M), China (€11M), Italy (€8.7M), and France (€7.61M).

Growth In August 2024, the increase in Iron or steel articles's year-by-year exports was explained primarily by an increase in exports to Belgium (€4.82M or 103%), France (€4.24M or 8.49%), and Angola (€3.73M or 80.9%). In August 2024, the decrease in Iron or steel articles's year-by-year imports was explained primarily by a decrease in imports from Italy (€-2.25M or -13.9%), Netherlands (€-1.15M or -26.1%), and Other Asia, nes (€-695k or -53%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€17.9M(10.7%)
IMPORT GROWTH (August 2023 - August 2024)€-10.3M(-8.49%)
MAIN DESTINATION (August 2024)Spain€41.6M

This section shows Iron or steel articles'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 or steel articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.54B
IMPORTS (2022)$1.88B
NET TRADE (2022)$657M

In 2022, Portugal exported $2.54B in Iron or steel articles. The main destinations of Portugal exports on Iron or steel articles were Spain ($616M), France ($560M), United States ($238M), Germany ($168M), and United Kingdom ($167M).

In 2022, Portugal imported $1.88B in Iron or steel articles, mainly from Spain ($861M), Italy ($192M), Germany ($163M), China ($151M), and France ($126M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
United States$111M (86.9%)
Germany$30.7M (22.3%)
Sweden$24.2M (106%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Portugal WERE (2021 - 2022):
France-$22.8M (-3.91%)
Netherlands-$7.42M (-8.39%)
Chile-$7.25M (-45.5%)
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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 or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Portugal's main importing competitors in Iron or steel articles were:
United States $59.3B
Germany $32.6B
France $16.2B

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $85.6M
TOP IMPORT POTENTIALChina+ $100M

Iron or steel articles’s highest export potential is Germany. With an export gap of $85.6M.   Iron or steel articles’s highest import potential is China with an import gap of $100M.

See methodology.

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