2022
Exports
$848kWorld Rnk 46 / 114
Flag Rnk 936 / 1216
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$525kWorld Rnk 64 / 172
Flag Rnk 1096 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $848k in Iron Ingots, making it the 46th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 936th most exported product in Portugal. The main destination of Iron Ingots exports from Portugal are: Spain ($583k), France ($163k), United Kingdom ($45.2k), Luxembourg ($26.5k), and Germany ($13.6k).

The fastest growing export markets for Iron Ingots of Portugal between 2021 and 2022 were France ($160k), United Kingdom ($44.6k), and Luxembourg ($26.5k).

Imports In 2022, Portugal imported $525k in Iron Ingots, becoming the 64th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1096th most imported product in Portugal. Portugal imports Iron Ingots primarily from: Spain ($470k), Italy ($18.9k), France ($15k), China ($7.04k), and Netherlands ($4.32k).

The fastest growing import markets in Iron Ingots for Portugal between 2021 and 2022 were Italy ($17.1k), France ($15k), and China ($7.04k).

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 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)$848k
IMPORTS (2022)$525k
NET TRADE (2022)$323k

In 2022, Portugal exported $848k in Iron Ingots. The main destinations of Portugal exports on Iron Ingots were Spain ($583k), France ($163k), United Kingdom ($45.2k), Luxembourg ($26.5k), and Germany ($13.6k).

In 2022, Portugal imported $525k in Iron Ingots, mainly from Spain ($470k), Italy ($18.9k), France ($15k), China ($7.04k), and Netherlands ($4.32k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
France$160k (4.25k%)
United Kingdom$44.6k (7.42k%)
Luxembourg$26.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Portugal WERE (2021 - 2022):
Spain-$3.22M (-84.7%)
Malta-$2k (-98.2%)
Italy-$1.53k (-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 Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Portugal's main importing competitors in Iron Ingots were:

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $37.6k
TOP IMPORT POTENTIALItaly+ $25k

Iron Ingots’s highest export potential is Spain. With an export gap of $37.6k.   Iron Ingots’s highest import potential is Italy with an import gap of $25k.

See methodology.

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