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2022
Exports $3.66MWorld Rnk 27 / 114
Flag Rnk 1044 / 1214
2022
Destination $390k Turkey
2021 - 2022
FASTEST GROWING MARKET $390kTurkey
2022
PRODUCT COMPLEXITY IN Iron Ingots-1.39Rnk 930 / 1025
2022
Imports $30.6MWorld Rnk 6 / 172
Flag Rnk 776 / 1214
2022
Origin $3.14M Italy
2021 - 2022
FASTEST GROWING ORIGIN $3.14MLuxembourg
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $3.66M in Iron Ingots, making it the 27th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 1044th most exported product in Spain. The main destination of Iron Ingots exports from Spain are: Turkey ($724k), Portugal ($470k), Italy ($371k), Netherlands ($337k), and United States ($302k).

The fastest growing export markets for Iron Ingots of Spain between 2021 and 2022 were Turkey ($390k), Netherlands ($334k), and Belgium ($179k).

Imports In 2022, Spain imported $30.6M in Iron Ingots, becoming the 6th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 776th most imported product in Spain. Spain imports Iron Ingots primarily from: Italy ($17.6M), Luxembourg ($4.45M), United Kingdom ($2.87M), Sweden ($1.76M), and Austria ($877k).

The fastest growing import markets in Iron Ingots for Spain between 2021 and 2022 were Luxembourg ($3.14M), Austria ($728k), and France ($473k).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Iron Ingots exports accounted up to €276k and imports accounted up to €984k, resulting in a negative trade balance of €708k. Between June 2023 and June 2024 the exports of Spain's   Iron Ingots have increased by €106k (62.4%) from €170k to €276k, while imports decreased by €-2.43M (-71.1%) from €3.41M to €984k.

Destinations In June 2024, Iron Ingots were exported mostly to Turkey (€143k), Tunisia (€107k), Morocco (€17.5k), Portugal (€3.88k), and United States (€3.19k), and were imported mostly from Italy (€850k), Luxembourg (€58.2k), Austria (€24.2k), Chinese Taipei (€23.9k), and Portugal (€23.2k).

Growth In June 2024, the increase in Iron Ingots's year-by-year exports was explained primarily by an increase in exports to United States (€15.6k or 98.5%) and Turkey (€8.01k or 10%). In June 2024, the decrease in Iron Ingots's year-by-year imports was explained primarily by a decrease in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€106k(62.4%)
IMPORT GROWTH (June 2023 - June 2024)€-2.43M(-71.1%)
MAIN EXPORTER (June 2024)Vizcaya€198k
MAIN DESTINATION (June 2024)Turkey€143k

This section shows Iron Ingots'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 Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.66M
IMPORTS (2022)$30.6M
NET TRADE (2022)-$26.9M

In 2022, Spain exported $3.66M in Iron Ingots. The main destinations of Spain exports on Iron Ingots were Turkey ($724k), Portugal ($470k), Italy ($371k), Netherlands ($337k), and United States ($302k).

In 2022, Spain imported $30.6M in Iron Ingots, mainly from Italy ($17.6M), Luxembourg ($4.45M), United Kingdom ($2.87M), Sweden ($1.76M), and Austria ($877k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Turkey$390k (117%)
Netherlands$334k (12.5k%)
Belgium$179k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Spain WERE (2021 - 2022):
Germany-$463k (-81.1%)
Italy-$209k (-36.1%)
Portugal-$148k (-24%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Spain's main importing competitors in Iron Ingots were:
Italy $188M
Guatemala $85.4M
Jordan $69.5M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $415k
TOP IMPORT POTENTIALChina+ $566k

Iron Ingots’s highest export potential is Italy. With an export gap of $415k.   Iron Ingots’s highest import potential is China with an import gap of $566k.

See methodology.

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