2022
Exports
$22.1MWorld Rnk 42 / 128
Flag Rnk 802 / 1214
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$543MWorld Rnk 28 / 130
Flag Rnk 172 / 1214
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $22.1M in Iron Ore, making it the 42nd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 802nd most exported product in Spain. The main destination of Iron Ore exports from Spain are: Germany ($11M), Bosnia and Herzegovina ($5M), France ($4.82M), Belgium ($565k), and Norway ($557k).

The fastest growing export markets for Iron Ore of Spain between 2021 and 2022 were Germany ($10.8M), Bosnia and Herzegovina ($1.93M), and Norway ($557k).

Imports In 2018, Spain imported $543M in Iron Ore, becoming the 28th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 172nd most imported product in Spain. Spain imports Iron Ore primarily from: Canada ($305M), Brazil ($109M), United States ($41.9M), Mauritania ($34.2M), and Liberia ($29.4M).

The fastest growing import markets in Iron Ore for Spain between 2021 and 2022 were Canada ($13.1M), Liberia ($8.89M), and Sweden ($8.68M).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€17.3k(21.4%)
IMPORT GROWTH (August 2023 - August 2024)€21.6M(86%)
MAIN EXPORTER (August 2024)Barcelona€489k
MAIN DESTINATION (August 2024)France€97.9k

This section shows Iron Ore's exports and imports data at subnational level for Spain. 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 Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.1M
IMPORTS (2022)$543M
NET TRADE (2022)-$521M

In 2022, Spain exported $22.1M in Iron Ore. The main destinations of Spain exports on Iron Ore were Germany ($11M), Bosnia and Herzegovina ($5M), France ($4.82M), Belgium ($565k), and Norway ($557k).

In 2022, Spain imported $543M in Iron Ore, mainly from Canada ($305M), Brazil ($109M), United States ($41.9M), Mauritania ($34.2M), and Liberia ($29.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Germany$10.8M (5.17k%)
Norway$557k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Spain WERE (2021 - 2022):
Egypt-$7.76M (-100%)
France-$2.18M (-31.1%)
Belgium-$680k (-54.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Spain's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $3.7M
TOP IMPORT POTENTIALBrazil+ $65M

Iron Ore’s highest export potential is France. With an export gap of $3.7M.   Iron Ore’s highest import potential is Brazil with an import gap of $65M.

See methodology.

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