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2022
Exports $83.5MWorld Rnk 39 / 119
Flag Rnk 526 / 1214
2022
Destination $23.6M Italy
2021 - 2022
FASTEST GROWING MARKET $23.6MItaly
2022
PRODUCT COMPLEXITY IN Semi-Finished Iron-0.88Rnk 800 / 1025
2022
Imports $530MWorld Rnk 18 / 188
Flag Rnk 179 / 1214
2022
Origin $62.5M France
2021 - 2022
FASTEST GROWING ORIGIN $62.5MNorway
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $83.5M in Semi-Finished Iron, making it the 39th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 526th most exported product in Spain. The main destination of Semi-Finished Iron exports from Spain are: Italy ($35.8M), Germany ($11.6M), Portugal ($7.33M), United Kingdom ($6.58M), and France ($6.51M).

The fastest growing export markets for Semi-Finished Iron of Spain between 2021 and 2022 were Italy ($23.6M), Portugal ($3.79M), and Germany ($1.77M).

Imports In 2022, Spain imported $530M in Semi-Finished Iron, becoming the 18th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 179th most imported product in Spain. Spain imports Semi-Finished Iron primarily from: France ($272M), Norway ($64.9M), Germany ($51.8M), Italy ($35.9M), and Brazil ($34.2M).

The fastest growing import markets in Semi-Finished Iron for Spain between 2021 and 2022 were Norway ($62.5M), Brazil ($34.2M), and Italy ($17.5M).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Semi-Finished Iron exports accounted up to €6.44M and imports accounted up to €56.4M, resulting in a negative trade balance of €49.9M. Between June 2023 and June 2024 the exports of Spain's   Semi-Finished Iron have increased by €145k (2.3%) from €6.3M to €6.44M, while imports increased by €15.7M (38.6%) from €40.7M to €56.4M.

Destinations In June 2024, Semi-Finished Iron were exported mostly to United Kingdom (€2.22M), Germany (€1.59M), Italy (€726k), Czechia (€410k), and France (€236k), and were imported mostly from Brazil (€23M), France (€17.2M), Germany (€7.15M), Italy (€3.65M), and Ukraine (€2.53M).

Growth In June 2024, the increase in Semi-Finished Iron's year-by-year exports was explained primarily by an increase in exports to Italy (€228k or 38.8%), Germany (€171k or 42.7%), and United Kingdom (€157k or 578%). In June 2024, the increase in Semi-Finished Iron's year-by-year imports was explained primarily by an increase in imports from Norway (€18M or 899%), Germany (€3.13M or 2.32k%), and Belgium (€599k or 575%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€145k(2.3%)
IMPORT GROWTH (June 2023 - June 2024)€15.7M(38.6%)
MAIN EXPORTER (June 2024)Asturias€16.7M
MAIN DESTINATION (June 2024)United Kingdom€2.22M

This section shows Semi-Finished Iron'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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$83.5M
IMPORTS (2022)$530M
NET TRADE (2022)-$446M

In 2022, Spain exported $83.5M in Semi-Finished Iron. The main destinations of Spain exports on Semi-Finished Iron were Italy ($35.8M), Germany ($11.6M), Portugal ($7.33M), United Kingdom ($6.58M), and France ($6.51M).

In 2022, Spain imported $530M in Semi-Finished Iron, mainly from France ($272M), Norway ($64.9M), Germany ($51.8M), Italy ($35.9M), and Brazil ($34.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Italy$23.6M (195%)
Portugal$3.79M (107%)
Germany$1.77M (18%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Spain WERE (2021 - 2022):
Belgium-$62.3M (-97.4%)
Poland-$47.7M (-99.9%)
Morocco-$33M (-99.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Semi-Finished Iron were:
Russia $8.38B
Oman $3.44B
Brazil $3.42B
In 2022, Spain's main importing competitors in Semi-Finished Iron were:
United States $3.03B
Turkey $2.81B
China $2.38B

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $6.09M
TOP IMPORT POTENTIALBrazil+ $24.1M

Semi-Finished Iron’s highest export potential is France. With an export gap of $6.09M.   Semi-Finished Iron’s highest import potential is Brazil with an import gap of $24.1M.

See methodology.

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