Refined Petroleum in Portugal

EXPORTS (2018): $2.87B, World Rnk 36 / 198
Flag Rnk 3 / 1191

TOP DESTINATION (2018): $880M, United States

FASTEST GROWING MARKET (2017 - 2018): $135M, Tunisia

IMPORTS (2018): $1.41B, World Rnk 82 / 221
Flag Rnk 6 / 1202

TOP ORIGIN (2018): $745M, Spain

FASTEST GROWING ORIGIN (2017 - 2018): $112M, Belgium-Luxembourg

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

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

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

Exports: In 2018, Portugal exported $2.87B in Refined Petroleum, making it the 36th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Portugal. The main destination of Refined Petroleum exports from Portugal are: United States ($880M), Spain ($677M), Netherlands ($212M), Morocco ($199M), and Gibraltar ($162M).

The fastest growing export markets for Refined Petroleum of Portugal between 2017 and 2018 were Tunisia ($135M), United States ($116M), and Spain ($88.9M).

Imports: In 2018, Portugal imported $1.41B in Refined Petroleum, becoming the 82nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most imported product in Portugal. Portugal imports Refined Petroleum primarily from: Spain ($745M), Belgium-Luxembourg ($166M), Netherlands ($139M), Russia ($71.1M), and Saudi Arabia ($61.5M).

The fastest growing import markets in Refined Petroleum for Portugal between 2017 and 2018 were Belgium-Luxembourg ($112M), Spain ($88.6M), and Netherlands ($65.5M).

Tariffs: In 2017, the average tariff for Portugal in Refined Petroleum was 0.75%. The countries with the highest import tariffs for Refined Petroleum were Western Sahara (2.54%), Gabon (2.54%), Libya (2.54%), Mayotte (2.54%), and Reunion (2.54%).

Value

EXPORTS (2018): $2.87B

IMPORTS (2018): $1.41B

NET TRADE (2018): $1.46B

In 2018, Portugal exported $2.87B in Refined Petroleum. The main destinations of Portugal exports on Refined Petroleum were United States ($880M), Spain ($677M), Netherlands ($212M), Morocco ($199M), and Gibraltar ($162M).

In 2018, Portugal imported $1.41B in Refined Petroleum, mainly from Spain ($745M), Belgium-Luxembourg ($166M), Netherlands ($139M), Russia ($71.1M), and Saudi Arabia ($61.5M).

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

  • United States, $879M ($880M - $640k)
  • Morocco, $199M ($199M - $0)
  • Gibraltar, $162M ($162M - $0)

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

  • Spain, -$68.6M ($677M - $745M)
  • Belgium-Luxembourg, -$66.5M ($99M - $166M)
  • Russia, -$64.9M ($6.14M - $71.1M)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined 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 Refined Petroleum were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined 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 average tariff for Portugal in Refined Petroleum was 0.75%.

The countries with the highest tariffs for Refined Petroleum in Portugal were Western Sahara (2.54%), Gabon (2.54%), Libya (2.54%), Mayotte (2.54%), and Reunion (2.54%).

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