2022
Exports
$542MWorld Rnk 14 / 162
Flag Rnk 29 / 1216
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2022
Imports
$273MWorld Rnk 25 / 217
Flag Rnk 91 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $542M in Raw Iron Bars, making it the 14th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 29th most exported product in Portugal. The main destination of Raw Iron Bars exports from Portugal are: Spain ($195M), United Kingdom ($105M), Ireland ($59.2M), Norway ($29.7M), and United States ($20.7M).

The fastest growing export markets for Raw Iron Bars of Portugal between 2021 and 2022 were United Kingdom ($15.6M), Ireland ($11.7M), and Morocco ($10.4M).

Imports In 2022, Portugal imported $273M in Raw Iron Bars, becoming the 25th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 91st most imported product in Portugal. Portugal imports Raw Iron Bars primarily from: Spain ($255M), Italy ($4.16M), Turkey ($2.93M), Sweden ($2.84M), and Poland ($1.7M).

The fastest growing import markets in Raw Iron Bars for Portugal between 2021 and 2022 were Spain ($24M), Sweden ($2.42M), and Italy ($1.57M).

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 Raw Iron Bars. 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)$542M
IMPORTS (2022)$273M
NET TRADE (2022)$269M

In 2022, Portugal exported $542M in Raw Iron Bars. The main destinations of Portugal exports on Raw Iron Bars were Spain ($195M), United Kingdom ($105M), Ireland ($59.2M), Norway ($29.7M), and United States ($20.7M).

In 2022, Portugal imported $273M in Raw Iron Bars, mainly from Spain ($255M), Italy ($4.16M), Turkey ($2.93M), Sweden ($2.84M), and Poland ($1.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
United Kingdom$15.6M (17.5%)
Ireland$11.7M (24.6%)
Morocco$10.4M (40.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Portugal WERE (2021 - 2022):
United States-$14.4M (-41.1%)
Germany-$13.5M (-82.4%)
Spain-$5.26M (-2.62%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Portugal's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.3M
TOP IMPORT POTENTIALTurkey+ $3.91M

Raw Iron Bars’s highest export potential is United States. With an export gap of $13.3M.   Raw Iron Bars’s highest import potential is Turkey with an import gap of $3.91M.

See methodology.

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