2022
Exports
$1.21MWorld Rnk 42 / 91
Flag Rnk 893 / 1216
2022
PRODUCT COMPLEXITY IN Steel Ingots
0.23Rnk 480 / 1025
2022
Imports
$21.5MWorld Rnk 26 / 163
Flag Rnk 550 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $1.21M in Steel Ingots, making it the 42nd largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 893rd most exported product in Portugal. The main destination of Steel Ingots exports from Portugal are: Spain ($362k), France ($201k), Romania ($187k), Brazil ($152k), and Luxembourg ($147k).

The fastest growing export markets for Steel Ingots of Portugal between 2021 and 2022 were Romania ($182k), Luxembourg ($113k), and Germany ($84.7k).

Imports In 2022, Portugal imported $21.5M in Steel Ingots, becoming the 26th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 550th most imported product in Portugal. Portugal imports Steel Ingots primarily from: Italy ($13.8M), Spain ($2.66M), Canada ($1.82M), Austria ($1.37M), and Germany ($881k).

The fastest growing import markets in Steel Ingots for Portugal between 2021 and 2022 were Spain ($1.27M), Germany ($830k), and Austria ($782k).

Latest Trends

Oct 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 Steel Ingots. 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)$1.21M
IMPORTS (2022)$21.5M
NET TRADE (2022)-$20.3M

In 2022, Portugal exported $1.21M in Steel Ingots. The main destinations of Portugal exports on Steel Ingots were Spain ($362k), France ($201k), Romania ($187k), Brazil ($152k), and Luxembourg ($147k).

In 2022, Portugal imported $21.5M in Steel Ingots, mainly from Italy ($13.8M), Spain ($2.66M), Canada ($1.82M), Austria ($1.37M), and Germany ($881k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Romania$182k (4.28k%)
Luxembourg$113k (336%)
Germany$84.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Portugal WERE (2021 - 2022):
Netherlands-$3.35M (-99.8%)
Italy-$56.8k (-74.6%)
Brazil-$50.9k (-25.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Steel Ingots were:
In 2022, Portugal's main importing competitors in Steel Ingots were:

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $181k
TOP IMPORT POTENTIALGermany+ $594k

Steel Ingots’s highest export potential is Spain. With an export gap of $181k.   Steel Ingots’s highest import potential is Germany with an import gap of $594k.

See methodology.

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