Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in Portugal

EXPORTS (2018): $9.67B, World Rnk 28 / 222
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TOP DESTINATION (2018): $2.13B, Spain

FASTEST GROWING MARKET (2017 - 2018): $766M, Spain

IMPORTS (2018): $10.4B, World Rnk 28 / 221
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TOP ORIGIN (2018): $2.97B, Spain

FASTEST GROWING ORIGIN (2017 - 2018): $503M, Spain

ECONOMIC COMPLEXITY of Portugal (2018): 0.46, Rnk 48 / 137

PRODUCT COMPLEXITY  IN Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof (2018): 1.32, Rnk 10 / 96

Overview: This page contains the latest trade data of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in Portugal.

Exports: In 2018, Portugal exported $9.67B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof, making it the 28th largest exporter of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in the world. At the same year, Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was the 1st most exported product in Portugal. The main destination of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof exports from Portugal are: Spain ($2.13B), France ($1.82B), Germany ($1.62B), United Kingdom ($880M), and Italy ($486M).

The fastest growing export markets for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof of Portugal between 2017 and 2018 were Spain ($766M), France ($728M), and Germany ($701M).

Imports: In 2018, Portugal imported $10.4B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof, becoming the 28th largest importer of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in the world. At the same year, Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was the 1st most imported product in Portugal. Portugal imports Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof primarily from: Spain ($2.97B), Germany ($2.51B), France ($1.53B), Italy ($443M), and Belgium-Luxembourg ($440M).

The fastest growing import markets in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof for Portugal between 2017 and 2018 were Spain ($503M), Turkey ($120M), and France ($77.8M).

Tariffs: In 2017, the average tariff for Portugal in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was 1.98%. The countries with the highest import tariffs for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were Ukraine (8.73%), Western Sahara (6.17%), Gabon (6.17%), Libya (6.17%), and Mayotte (6.17%).

Overview: In July 2020 Portugal's Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof exports accounted up to €6.22B and imports accounted up to €5.94B, resulting in a positive trade balance of €287M. Between July 2019 and July 2020 the exports of Portugal's   Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof have increased by €269M (4.52%) from €5.95B to €6.22B, while imports increased by €1.83B (44.5%) from €4.11B to €5.94B.

Destinations: In July 2020 Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof exported mostly to United States (€1.23B), Japan (€265M), Germany (€234M), Mexico (€203M), and South Korea (€192M), and imported mostly from Germany (€1.84B), Japan (€1.57B), United States (€865M), Slovakia (€309M), and Thailand (€224M).

Growth: In July 2020, the increase in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (€80.2M or 103%), South Korea (€61.9M or 47.6%), and Colombia (€55.5M or 93.8%). In July 2020, the increase in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof's year-by-year imports was explained primarily by an increase in imports from Germany (€919M or 99.5%), Japan (€726M or 85.6%), and United States (€299M or 52.9%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): €269M, (4.52%)

IMPORT GROWTH (July 2019 - July 2020): €1.83B, (44.5%)

MAIN DESTINATION (July 2020): United States, €1.23B

This section shows Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof'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 Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof over time.

Value

EXPORTS (2018): $9.67B

IMPORTS (2018): $10.4B

NET TRADE (2018): -$763M

In 2018, Portugal exported $9.67B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof. The main destinations of Portugal exports on Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were Spain ($2.13B), France ($1.82B), Germany ($1.62B), United Kingdom ($880M), and Italy ($486M).

In 2018, Portugal imported $10.4B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof, mainly from Spain ($2.97B), Germany ($2.51B), France ($1.53B), Italy ($443M), and Belgium-Luxembourg ($440M).

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IN 2018, Portugal HAD A POSITIVE NET TRADE IN Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof WITH:

  • United Kingdom, $627M ($880M - $253M)
  • France, $290M ($1.82B - $1.53B)
  • Austria, $251M ($320M - $68.9M)

IN 2018, Portugal HAD A NEGATIVE NET TRADE IN Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof WITH:

  • Germany, -$896M ($1.62B - $2.51B)
  • Spain, -$839M ($2.13B - $2.97B)
  • Turkey, -$302M ($23.1M - $325M)
Flow

THE FASTEST GROWING Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof EXPORT MARKETS FOR Portugal WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof BY Portugal WERE (2017 - 2018):

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Market Concentration

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In 2018, Portugal's main exporting competitors in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were:

In 2018, Portugal's main importing competitors in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in Portugal. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for Portugal in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was 1.98%.

The countries with the highest tariffs for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in Portugal were Ukraine (8.73%), Western Sahara (6.17%), Gabon (6.17%), Libya (6.17%), and Mayotte (6.17%).

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