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Who buys Portugal’s steel? Export destinations 2024

In 2024, Portugal exported $1.5 billion of steel (2 million tonnes), 0.4% of the world total. Its main destinations were Spain (42%), the United Kingdom (12%) and Morocco (7%). Portugal was the world’s 35th-largest exporter of steel.

Summary

Value
$1.5billion
Tonnes
2million tonnes
Share of world total
0.4%
World rank
35th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Spain643Tonnes: 900,132USD per tonne: $71442.2%Sea
United Kingdom178Tonnes: 256,096USD per tonne: $69411.7%Sea
Morocco112Tonnes: 188,082USD per tonne: $5957.4%Sea
France99.8Tonnes: 88,413USD per tonne: $1,1176.6%Sea
United States75.8Tonnes: 37,568USD per tonne: $2,0175%Sea
Ireland70.2Tonnes: 101,806USD per tonne: $6894.6%Sea
Sweden38.8Tonnes: 60,014USD per tonne: $6462.6%Sea
Poland24.9Tonnes: 16,717USD per tonne: $1,4911.6%Sea
Germany24Tonnes: 14,906USD per tonne: $1,6081.6%Sea
Turkey23Tonnes: 32,057USD per tonne: $7161.5%Sea
Israel22.3Tonnes: 36,264USD per tonne: $6151.5%Sea
Norway21.3Tonnes: 31,009USD per tonne: $6861.4%Sea
Cabo Verde20.7Tonnes: 21,228USD per tonne: $9771.4%Sea
Brazil19Tonnes: 12,523USD per tonne: $1,5211.3%Sea
Denmark15.4Tonnes: 23,119USD per tonne: $6661%Sea
Angola12.8Tonnes: 8,790USD per tonne: $1,4600.84%Sea
Canada12Tonnes: 13,265USD per tonne: $9050.79%Sea
Algeria11.4Tonnes: 10,637USD per tonne: $1,0740.75%Sea
Belgium re-exports11Tonnes: 15,549USD per tonne: $7100.72%Sea
Finland10.8Tonnes: 17,962USD per tonne: $6040.71%Sea

Trend

Who it sells to

Spain was its main destination throughout the period

Value in USD billions. The five largest destinations in 2024.

  • Spain 0.64
  • United Kingdom 0.18
  • Morocco 0.11
  • France 0.1
  • United States 0.08

Source: CEPII BACI

Show the numbers
Partner19952024
Spain0.10.64
United Kingdom0.010.18
Morocco0.010.11
France0.010.1
United States0.020.08

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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