Iron Ore in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $22.1M in Iron Ore, making it the 42nd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 802nd most exported product in Spain. The main destination of Iron Ore exports from Spain are: Germany ($11M), Bosnia and Herzegovina ($5M), France ($4.82M), Belgium ($565k), and Norway ($557k).

The fastest growing export markets for Iron Ore of Spain between 2021 and 2022 were Germany ($10.8M), Bosnia and Herzegovina ($1.93M), and Norway ($557k).

Imports In 2022, Spain imported $543M in Iron Ore, becoming the 28th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 172nd most imported product in Spain. Spain imports Iron Ore primarily from: Canada ($305M), Brazil ($109M), United States ($41.9M), Mauritania ($34.2M), and Liberia ($29.4M).

The fastest growing import markets in Iron Ore for Spain between 2021 and 2022 were Canada ($13.1M), Liberia ($8.89M), and Sweden ($8.68M).

Latest Trends

February 2024

About

Overview In February 2024 Spain's Iron Ore exports accounted up to €116k and imports accounted up to €62.3M, resulting in a negative trade balance of €62.2M. Between February 2023 and February 2024 the exports of Spain's Iron Ore have decreased by €-1.71M (-93.7%) from €1.83M to €116k, while imports increased by €1.17M (1.92%) from €61.1M to €62.3M.

Destinations In February 2024, Iron Ore were exported mostly to France (€102k), Portugal (€7.07k), Turkey (€5.93k), China (€300), and Germany (€106), and were imported mostly from Brazil (€39.1M), Canada (€22.3M), Norway (€626k), Netherlands (€155k), and South Africa (€43k).

Growth In February 2024, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to . In February 2024, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from Canada (€4.49M or 24.1%), Sweden (€147k or 888%), and South Africa (€44.5k or 64.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-1.71M(-93.7%)

IMPORT GROWTH (February 2023 - February 2024)€1.17M(1.92%)

MAIN EXPORTER (February 2024)Barcelona€102k

MAIN DESTINATION (February 2024)France€102k

This section shows Iron Ore'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 Ore over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$22.1M

IMPORTS (2022)$543M

NET TRADE (2022)-$521M

In 2022, Spain exported $22.1M in Iron Ore. The main destinations of Spain exports on Iron Ore were Germany ($11M), Bosnia and Herzegovina ($5M), France ($4.82M), Belgium ($565k), and Norway ($557k).

In 2022, Spain imported $543M in Iron Ore, mainly from Canada ($305M), Brazil ($109M), United States ($41.9M), Mauritania ($34.2M), and Liberia ($29.4M).

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