2023
Exports
$1.11MWorld Rnk 41 / 99
Flag Rnk 915 / 1213
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$40.4MWorld Rnk 22 / 142
Flag Rnk 415 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $1.11M in Iron Reductions, making it the 41st largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 915th most exported product in Portugal. The main destination of Iron Reductions exports from Portugal are: Belgium ($765k), Netherlands ($229k), Spain ($67.9k), France ($46.3k), and Canada ($359).

The fastest growing export markets for Iron Reductions of Portugal between 2022 and 2023 were Belgium ($765k), Canada ($359), and Norway ($147).

Imports In 2023, Portugal imported $40.4M in Iron Reductions, becoming the 22nd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 415th most imported product in Portugal. Portugal imports Iron Reductions primarily from: Venezuela ($37.5M), Libya ($2.17M), China ($374k), Spain ($162k), and Netherlands ($93.4k).

The fastest growing import markets in Iron Reductions for Portugal between 2022 and 2023 were Venezuela ($24.9M), Libya ($2.17M), and Spain ($117k).

Latest Trends

Jan 2025

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 (2023)$1.11M
IMPORTS (2023)$40.4M
NET TRADE (2023)-$39.3M

In 2023, Portugal exported $1.11M in Iron Reductions. The main destinations of Portugal exports on Iron Reductions were Belgium ($765k), Netherlands ($229k), Spain ($67.9k), France ($46.3k), and Canada ($359).

In 2023, Portugal imported $40.4M in Iron Reductions, mainly from Venezuela ($37.5M), Libya ($2.17M), China ($374k), Spain ($162k), and Netherlands ($93.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Belgium$765k (1%)
Canada$359 (1%)
Norway$147 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Portugal WERE (2022 - 2023):
France-$178k (-79.4%)
Germany-$149k (-100%)
Spain-$55.3k (-44.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Iron Reductions were:
In 2023, 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
N/AN/AN/A

Iron Reductions’s highest export potential is Spain. With an export gap of $109k.   Iron Reductions’s highest import potential is N/A with an import gap of N/A.

See methodology.

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