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Where does Portugal get its steel? Import sources 2024

In 2024, Portugal imported $3.1 billion of steel (3.5 million tonnes), 0.9% of the world total. Its main sources were Spain (35%), Taiwan (6%) and France (5%). Portugal was the world’s 31st-largest importer of steel.

Summary

Value
$3.1billion
Tonnes
3.5million tonnes
Share of world total
0.9%
World rank
31st
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Spain1.1Tonnes: 1,212,980USD per tonne: $90235.5%Sea
Taiwan0.18Tonnes: 243,779USD per tonne: $7475.9%Sea
France0.16Tonnes: 148,014USD per tonne: $1,0765.2%Sea
Germany0.16Tonnes: 137,602USD per tonne: $1,1415.1%Sea
Turkey0.15Tonnes: 224,531USD per tonne: $6895%Sea
India0.14Tonnes: 159,164USD per tonne: $9064.7%Sea
Vietnam0.14Tonnes: 174,470USD per tonne: $7794.4%Sea
South Korea0.13Tonnes: 175,669USD per tonne: $7684.4%Sea
Italy0.13Tonnes: 95,548USD per tonne: $1,3874.3%Sea
Japan0.13Tonnes: 189,333USD per tonne: $6834.2%Sea
Netherlands re-exports0.11Tonnes: 130,197USD per tonne: $8773.7%Sea
Brazil0.08Tonnes: 140,692USD per tonne: $5932.7%Sea
China0.08Tonnes: 78,291USD per tonne: $1,0052.6%Sea
Saudi Arabia0.07Tonnes: 96,017USD per tonne: $6972.2%Sea
Belgium re-exports0.07Tonnes: 75,205USD per tonne: $8832.2%Sea
United Kingdom0.05Tonnes: 32,962USD per tonne: $1,5331.6%Sea
Egypt0.03Tonnes: 52,946USD per tonne: $6401.1%Sea
Sweden0.03Tonnes: 21,096USD per tonne: $1,4911%Sea
Poland0.03Tonnes: 14,249USD per tonne: $1,9650.91%Sea
Finland0.02Tonnes: 8,217USD per tonne: $2,0720.55%Sea

Trend

Who it buys from

Spain was its main source throughout the period

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

  • Spain 1.1
  • Taiwan 0.18
  • France 0.16
  • Germany 0.16
  • Turkey 0.15

Source: CEPII BACI

Show the numbers
Partner19952024
Spain0.31.1
Taiwan< 0.010.18
France0.10.16
Germany0.180.16
Turkey0.010.15

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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