Wool & animal hair in Portugal | The Observatory of Economic Complexity

About

Exports In 2022, Portugal exported $85.5M in Wool & animal hair, making it the 21st largest exporter of Wool & animal hair in the world. At the same year, Wool & animal hair was the 74th most exported product in Portugal. The main destination of Wool & animal hair exports from Portugal are: Germany ($15M), Romania ($12.2M), Italy ($9.5M), Spain ($7.19M), and United States ($6.73M).

The fastest growing export markets for Wool & animal hair of Portugal between 2021 and 2022 were Germany ($8.15M), Italy ($7.07M), and Romania ($5.75M).

Imports In 2022, Portugal imported $156M in Wool & animal hair, becoming the 17th largest importer of Wool & animal hair in the world. At the same year, Wool & animal hair was the 70th most imported product in Portugal. Portugal imports Wool & animal hair primarily from: Italy ($102M), Germany ($13.1M), Spain ($8.15M), United Kingdom ($5.77M), and China ($5.41M).

The fastest growing import markets in Wool & animal hair for Portugal between 2021 and 2022 were Italy ($18M), China ($3.56M), and Germany ($2.15M).

COMPANIES In 2023, leading companies such as SOHO STUDIO LLC (70) were at the forefront of shipping Wool & animal hair from Portugal to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Portugal's Wool & animal hair exports accounted up to €5.1M and imports accounted up to €7.83M, resulting in a negative trade balance of €2.73M. Between January 2023 and January 2024 the exports of Portugal's Wool & animal hair have increased by €748k (17.2%) from €4.35M to €5.1M, while imports decreased by €-642k (-7.57%) from €8.47M to €7.83M.

Destinations In January 2024, Wool & animal hair were exported mostly to Germany (€1.49M), Romania (€1.35M), Spain (€517k), United Kingdom (€467k), and Italy (€314k), and were imported mostly from Italy (€4.01M), China (€1.38M), United Kingdom (€433k), Spain (€390k), and Germany (€341k).

Growth In January 2024, the increase in Wool & animal hair's year-by-year exports was explained primarily by an increase in exports to Italy (€202k or 134%), Ireland (€127k or 8.84k%), and Morocco (€104k or 2.4k%). In January 2024, the decrease in Wool & animal hair's year-by-year imports was explained primarily by a decrease in imports from Germany (€-528k or -50.4%), France (€-234k or -81%), and Czechia (€-174k or -99.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€748k(17.2%)

IMPORT GROWTH (January 2023 - January 2024)€-642k(-7.57%)

MAIN DESTINATION (January 2024)Germany€1.49M

This section shows Wool & animal hair's exports and imports data at subnational level for Portugal. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wool & animal hair over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$85.5M

IMPORTS (2022)$156M

NET TRADE (2022)-$70.9M

In 2022, Portugal exported $85.5M in Wool & animal hair. The main destinations of Portugal exports on Wool & animal hair were Germany ($15M), Romania ($12.2M), Italy ($9.5M), Spain ($7.19M), and United States ($6.73M).

In 2022, Portugal imported $156M in Wool & animal hair, mainly from Italy ($102M), Germany ($13.1M), Spain ($8.15M), United Kingdom ($5.77M), and China ($5.41M).

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