Overview In July 2021 United States exported $189M and imported $410M from Portugal, resulting in a negative trade balance of $221M. Between July 2020 and July 2021 the exports of United States have increased by $96.4M (104%) from $92.3M to $189M, while imports increased by $105M (34.4%) from $305M to $410M.
Trade In July 2021, the top exports of United States to Portugal were Crude Petroleum ($99M), Petroleum Gas ($32.7M), Gas Turbines ($8.42M), Commodities not elsewhere specified ($5.87M), and Aircraft Parts ($4.37M). In July 2021 the top imports of United States from Portugal were Refined Petroleum ($61.6M), Rubber Tires ($32.5M), Natural Cork Articles ($19.5M), Leather Footwear ($15.5M), and Packaged Medicaments ($13.3M).
Origins In July 2021 the exports of United States were mainly from Texas ($139M), Pennsylvania ($8.99M), California ($5.17M), Tennessee ($3.96M), and Indiana ($3.16M), while imports destinations were mainly New Jersey ($85.2M), California ($53.5M), New York ($26.7M), South Carolina ($26.4M), and Texas ($23.3M).
Growth In July 2021, the increase in United States's year-by-year exports to Portugal was explained primarily by an increase in product exports in Crude Petroleum ($62.7M or 173%), Commodities not elsewhere specified ($3.02M or 106%), and Other Measuring Instruments ($1.77M or 1.32k%). In July 2021, the increase in United States's year-by-year imports from Portugal was explained primarily by an increase in product imports in Rubber Tires ($25.5M or 364%), Refined Petroleum ($14.1M or 29.7%), and House Linens ($5.9M or 83%).