Spain | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 72 "Iron and steel" from Spain totalled $ 8.82 billion in 2023. Sales of commodity group 72 from Spain decreased by 21% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 2.39 billion (cumulative exports of commodity group 72 from Spain amounted $11.2 billion in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 2.09% of total exports from Spain (cumulative merchandise exports from Spain totalled $ 420 billion in 2023). The share of commodity group 72 in total exports from Spain decreased by 0.545 p.p. compared to 2022 (it was 2.64% in 2022 and cumulative exports from Spain were equal to $ 424 billion).
Where does Spain export Iron and steel?
Top export destinations of "Iron and steel" from Spain in 2023:
- France with a share of 18% (1.58 billion US$)
- Portugal with a share of 15.4% (1.36 billion US$)
- Germany with a share of 13.1% (1.15 billion US$)
- Italy with a share of 12.2% (1.08 billion US$)
- United Kingdom with a share of 6.15% (543 million US$)
- Morocco with a share of 3.98% (351 million US$)
- Turkey with a share of 3.91% (345 million US$)
- Poland with a share of 2.76% (243 million US$)
- Netherlands with a share of 2.74% (242 million US$)
- Belgium with a share of 2.3% (203 million US$)
Exports structure of 72 - Iron and steel - from Spain in 2023 represented by the following main commodity groups:
- 21% (1.86 billion US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 12.3% (1.08 billion US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 10.5% (931 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 6.9% (609 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 6.52% (575 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 5.4% (477 million US$): 7222 - Other bars and rods of stainless steel; angles, shapes and sections of stainless steel
- 5.2% (459 million US$): 7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 4.64% (409 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 4.42% (390 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 3.9% (344 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
The value of imports of commodity group 72 "Iron and steel" to Spain totalled $ 12.3 billion in 2023. Sales of commodity group 72 to Spain decreased by 13.8% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 1.98 billion (the value of imports of commodity group 72 to Spain was equal to $14.3 billion in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 2.63% of total import flow to Spain (in 2023, total imports to Spain amounted to $ 469 billion). The share of commodity group 72 in total imports to Spain decreased by 0.238 p.p. compared to 2022 (it was 2.87% in 2022 and cumulative imports to Spain were equal to $ 499 billion).
Where does Spain import Iron and steel from?
Top trading partners (import of "Iron and steel") of Spain in 2023:
- France with a share of 18.7% (2.31 billion US$)
- Germany with a share of 13.2% (1.63 billion US$)
- Italy with a share of 7.95% (985 million US$)
- Portugal with a share of 7.19% (890 million US$)
- Netherlands with a share of 4.61% (571 million US$)
- Other Asia, nes with a share of 3.95% (489 million US$)
- United Kingdom with a share of 3.89% (482 million US$)
- India with a share of 3.84% (475 million US$)
- Korea with a share of 3.74% (463 million US$)
- China with a share of 3.23% (400 million US$)
Imports structure of 72 - Iron and steel - to Spain in 2023 represented by the following main commodity groups:
- 21% (2.61 billion US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 17.9% (2.22 billion US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 11.4% (1.41 billion US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 10.3% (1.27 billion US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 6.49% (804 million US$): 7202 - Ferro-alloys.
- 4.45% (551 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 3.89% (481 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 3.61% (447 million US$): 7207 - Semi-finished products of iron or non-alloy steel
- 2.81% (348 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 2.75% (341 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
