2022
Exports
$170MWorld Rnk 47 / 212
Flag Rnk 104 / 1216
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$373MWorld Rnk 27 / 187
Flag Rnk 58 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $170M in Scrap Iron, making it the 47th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 104th most exported product in Portugal. The main destination of Scrap Iron exports from Portugal are: Spain ($152M), Pakistan ($3.71M), Turkey ($3.42M), Netherlands ($3.19M), and India ($1.99M).

The fastest growing export markets for Scrap Iron of Portugal between 2021 and 2022 were Turkey ($3.42M), China ($1.45M), and France ($592k).

Imports In 2022, Portugal imported $373M in Scrap Iron, becoming the 27th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 58th most imported product in Portugal. Portugal imports Scrap Iron primarily from: Spain ($105M), Ireland ($80.4M), United Kingdom ($66.8M), France ($60.5M), and Sweden ($13.8M).

The fastest growing import markets in Scrap Iron for Portugal between 2021 and 2022 were Sweden ($9.33M), Norway ($4.29M), and Ireland ($3.67M).

COMPANIES In 2023, leading companies such as Home Depot (15) were at the forefront of shipping Scrap Iron from Portugal to the United States.

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 Scrap Iron. 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)$170M
IMPORTS (2022)$373M
NET TRADE (2022)-$203M

In 2022, Portugal exported $170M in Scrap Iron. The main destinations of Portugal exports on Scrap Iron were Spain ($152M), Pakistan ($3.71M), Turkey ($3.42M), Netherlands ($3.19M), and India ($1.99M).

In 2022, Portugal imported $373M in Scrap Iron, mainly from Spain ($105M), Ireland ($80.4M), United Kingdom ($66.8M), France ($60.5M), and Sweden ($13.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Turkey$3.42M (1%)
China$1.45M (1%)
France$592k (338%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Portugal WERE (2021 - 2022):
Spain-$36M (-19.2%)
Pakistan-$4.87M (-56.7%)
Netherlands-$3.69M (-53.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Scrap Iron were:
In 2022, Portugal's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $5.23M
TOP IMPORT POTENTIALGermany+ $5.62M

Scrap Iron’s highest export potential is Turkey. With an export gap of $5.23M.   Scrap Iron’s highest import potential is Germany with an import gap of $5.62M.

See methodology.

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