Iron or steel articles in Portugal | The Observatory of Economic Complexity

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 AT HOME PROCUREMENT INC (156), CONTINENTAL MATERIALS INC. (48), and HOME DEPOT, U. S. A., INC. (42) were at the forefront of shipping Iron or steel articles from Portugal to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Portugal's Iron or steel articles exports accounted up to €188M and imports accounted up to €148M, resulting in a positive trade balance of €40M. Between January 2023 and January 2024 the exports of Portugal's Iron or steel articles have decreased by €-10.9M (-5.49%) from €198M to €188M, while imports decreased by €-3M (-1.99%) from €151M to €148M.

Destinations In January 2024, Iron or steel articles were exported mostly to Spain (€54.3M), France (€52.8M), Germany (€17.7M), United Kingdom (€8.24M), and United States (€6.58M), and were imported mostly from Spain (€66.1M), Italy (€13.2M), Germany (€12.7M), France (€11.5M), and China (€10.5M).

Growth In January 2024, the decrease in Iron or steel articles's year-by-year exports was explained primarily by a decrease in exports to United States (€-3.51M or -28%), Greece (€-2.78M or -89.5%), and Mozambique (€-1.96M or -86%). In January 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 Chinese Taipei (€-695k or -53%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-10.9M(-5.49%)

IMPORT GROWTH (January 2023 - January 2024)€-3M(-1.99%)

MAIN DESTINATION (January 2024)Spain€54.3M

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

Trade Value

Growth

Growth (%)

Year

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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