Crude Petroleum in Portugal

EXPORTS (2018): $21.9M, World Rnk 87 / 120
Flag Rnk 389 / 1191

TOP DESTINATION (2018): $21.9M, Spain

FASTEST GROWING MARKET (2017 - 2018): $21.9M, Spain

IMPORTS (2018): $5.75B, World Rnk 27 / 148
Flag Rnk 1 / 1202

TOP ORIGIN (2018): $1.1B, Angola

FASTEST GROWING ORIGIN (2017 - 2018): $840M, Angola

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

Overview: This page contains the latest trade data of Crude Petroleum in Portugal.

Exports: In 2018, Portugal exported $21.9M in Crude Petroleum, making it the 87th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 389th most exported product in Portugal. The main destination of Crude Petroleum exports from Portugal are: Spain ($21.9M), Denmark ($8.65k), Belgium-Luxembourg ($1.15k), and Mozambique ($1.13k).

The fastest growing export markets for Crude Petroleum of Portugal between 2017 and 2018 were Spain ($21.9M), Denmark ($8.65k), and Belgium-Luxembourg ($129).

Imports: In 2018, Portugal imported $5.75B in Crude Petroleum, becoming the 27th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Portugal. Portugal imports Crude Petroleum primarily from: Angola ($1.1B), Russia ($766M), Saudi Arabia ($603M), Azerbaijan ($581M), and Equatorial Guinea ($575M).

The fastest growing import markets in Crude Petroleum for Portugal between 2017 and 2018 were Angola ($840M), Equatorial Guinea ($179M), and Algeria ($167M).

Value

EXPORTS (2018): $21.9M

IMPORTS (2018): $5.75B

NET TRADE (2018): -$5.72B

In 2018, Portugal exported $21.9M in Crude Petroleum. The main destinations of Portugal exports on Crude Petroleum were Spain ($21.9M), Denmark ($8.65k), Belgium-Luxembourg ($1.15k), and Mozambique ($1.13k).

In 2018, Portugal imported $5.75B in Crude Petroleum, mainly from Angola ($1.1B), Russia ($766M), Saudi Arabia ($603M), Azerbaijan ($581M), and Equatorial Guinea ($575M).

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IN 2018, Portugal HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • Denmark, $8.65k ($8.65k - $0)
  • Belgium-Luxembourg, $1.15k ($1.15k - $0)
  • Mozambique, $1.13k ($1.13k - $0)

IN 2018, Portugal HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • Angola, -$1.1B ($0 - $1.1B)
  • Russia, -$766M ($0 - $766M)
  • Saudi Arabia, -$603M ($0 - $603M)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Portugal WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Portugal WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Portugal's main exporting competitors in Crude Petroleum were:

In 2018, Portugal's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum 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 tariffs for Crude Petroleum in the imports of Portugal were of 0% around the world.

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