In 2023, Germany led the European iron trade balance with 40.51 thousand metric tons, despite a slight decrease of 0.29%. Italy and Poland followed, although both experienced slight declines. Sweden exhibited a significant negative balance of -26.75 thousand metric tons with no annual change, indicating structural export challenges. Belgium and the Netherlands faced notable declines of over 6%. Among smaller players, Croatia's 5.8% rise stands out as a positive change.
Future trends to watch include economic and environmental policies impacting production and trade, technological advancements, and potential shifts in global demand impacting European iron trade dynamics.
Top countries in Iron Trade Balance Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.51 | 2023 | +5.13% | -0.29% | View data |
| 2 | 2 Italy | 17.15 | 2023 | +4.72% | -2.05% | View data |
| 3 | 3 Poland | 11.5 | 2023 | +1.81% | -1.57% | View data |
| 4 | 4 Spain | 10.66 | 2023 | +6.87% | -2.85% | View data |
| 5 | 5 France | 9.07 | 2023 | +3.02% | -2.96% | View data |
| 6 | 6 Czech Republic | 7.26 | 2023 | +4.72% | +1.62% | View data |
| 7 | 7 Austria | 5.02 | 2023 | +0.83% | -0.93% | View data |
| 8 | 8 Belgium | 3.92 | 2023 | -32.78% | -6.34% | View data |
| 9 | 9 Netherlands | 3.89 | 2023 | -2.65% | -6.89% | View data |
| 10 | 10 Slovakia | 3.65 | 2023 | +1.85% | -1.92% | View data |
