The European metal ores trade balance in 2023 reveals Iceland leading significantly in metric tons per capita, followed by Luxembourg. Noteworthy increases were seen in Ireland, Macedonia, and Croatia, driven by industrial growth and demand. Conversely, Sweden displayed a heavy trade deficit, with significant reductions year-over-year. Central and Eastern European countries like the Czech Republic and Denmark reported notable year-over-year improvements, signifying potential positive market shifts. However, regions including Hungary showed shrinking trade balances, highlighting economic challenges.
Future trends to monitor include technological advancements in ore processing, geopolitical impacts on trade policies, and shifts towards sustainable mining practices which may influence future trade balances in the region.
Top countries in Metal Ores Trade Balance by Country
| # | 10 Countries | Metric Tons Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 2.5 | 2023 | -1.19% | -0.27% | View data |
| 2 | 2 Luxembourg | 1.37 | 2023 | +2.62% | -2.63% | View data |
| 3 | 3 Belgium | 1.02 | 2023 | -28.88% | View data | |
| 4 | 4 Ireland | 0.88 | 2023 | +2.93% | +3.1% | View data |
| 5 | 5 Macedonia | 0.65 | 2023 | -0.15% | +4.79% | View data |
| 6 | 6 Slovakia | 0.63 | 2023 | +30.31% | -1.71% | View data |
| 7 | 7 Cyprus | 0.61 | 2023 | +3.38% | +2.96% | View data |
| 8 | 8 Austria | 0.59 | 2023 | +0.34% | -2.32% | View data |
| 9 | 9 Netherlands | 0.57 | 2023 | -14.58% | +2.92% | View data |
| 10 | 10 Malta | 0.48 | 2023 | +61.82% | -2.22% | View data |
