2022
Exports
$1.73MWorld Rnk 40 / 89
Flag Rnk 840 / 1216
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$32MWorld Rnk 23 / 144
Flag Rnk 456 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $1.73M in Iron Reductions, making it the 40th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 840th most exported product in Portugal. The main destination of Iron Reductions exports from Portugal are: France ($1.28M), Netherlands ($220k), Germany ($149k), Spain ($69k), and Bulgaria ($13k).

The fastest growing export markets for Iron Reductions of Portugal between 2021 and 2022 were Netherlands ($220k), France ($190k), and Germany ($149k).

Imports In 2022, Portugal imported $32M in Iron Reductions, becoming the 23rd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 456th most imported product in Portugal. Portugal imports Iron Reductions primarily from: United States ($17.3M), Venezuela ($11M), United Kingdom ($3.19M), China ($303k), and Spain ($98.8k).

The fastest growing import markets in Iron Reductions for Portugal between 2021 and 2022 were United Kingdom ($3.19M), China ($303k), and Netherlands ($22.4k).

Latest Trends

Jul 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 Iron Reductions. 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 (2022)$1.73M
IMPORTS (2022)$32M
NET TRADE (2022)-$30.3M

In 2022, Portugal exported $1.73M in Iron Reductions. The main destinations of Portugal exports on Iron Reductions were France ($1.28M), Netherlands ($220k), Germany ($149k), Spain ($69k), and Bulgaria ($13k).

In 2022, Portugal imported $32M in Iron Reductions, mainly from United States ($17.3M), Venezuela ($11M), United Kingdom ($3.19M), China ($303k), and Spain ($98.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Netherlands$220k (523k%)
France$190k (17.5%)
Germany$149k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Portugal WERE (2021 - 2022):
Bulgaria-$976k (-98.7%)
Luxembourg-$65.2k (-100%)
Czechia-$34.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Iron Reductions were:
In 2022, Portugal's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $109k
TOP IMPORT POTENTIALChina+ $227k

Iron Reductions’s highest export potential is Spain. With an export gap of $109k.   Iron Reductions’s highest import potential is China with an import gap of $227k.

See methodology.

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