Rubber & articles thereof in Portugal | The Observatory of Economic Complexity

About

Exports In 2022, Portugal exported $1.7B in Rubber & articles thereof, making it the 30th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 14th most exported product in Portugal. The main destination of Rubber & articles thereof exports from Portugal are: United States ($365M), Germany ($272M), Spain ($220M), France ($136M), and Slovakia ($70.1M).

The fastest growing export markets for Rubber & articles thereof of Portugal between 2021 and 2022 were United States ($69.2M), Slovakia ($33M), and Mexico ($9.37M).

Imports In 2022, Portugal imported $1.31B in Rubber & articles thereof, becoming the 37th largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 21st most imported product in Portugal. Portugal imports Rubber & articles thereof primarily from: Spain ($418M), Germany ($154M), China ($78.8M), France ($73.4M), and Netherlands ($61.6M).

The fastest growing import markets in Rubber & articles thereof for Portugal between 2021 and 2022 were Germany ($26.3M), Poland ($16.5M), and China ($12.7M).

COMPANIES In 2023, leading companies such as PIRELLI TIRE LLC (120), YOKOHAMA TIRE CORPORATION (16), and SAILUN TIRE AMERICAS INC. (6) were at the forefront of shipping Rubber & articles thereof from Portugal to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Portugal's Rubber & articles thereof exports accounted up to €162M and imports accounted up to €92.8M, resulting in a positive trade balance of €69.3M. Between January 2023 and January 2024 the exports of Portugal's Rubber & articles thereof have increased by €17.5M (12.1%) from €145M to €162M, while imports decreased by €-13.1M (-12.4%) from €106M to €92.8M.

Destinations In January 2024, Rubber & articles thereof were exported mostly to Germany (€32.8M), United States (€28.4M), Spain (€26M), France (€15.3M), and South Korea (€7.33M), and were imported mostly from Spain (€30.1M), Germany (€12.1M), France (€7.02M), China (€5.11M), and Netherlands (€5.06M).

Growth In January 2024, the increase in Rubber & articles thereof's year-by-year exports was explained primarily by an increase in exports to Germany (€6.5M or 30.9%), Spain (€5.62M or 30.2%), and South Korea (€4.46M or 145%). In January 2024, the decrease in Rubber & articles thereof's year-by-year imports was explained primarily by a decrease in imports from China (€-3.77M or -43%), Russia (€-1.56M or -100%), and Italy (€-1.19M or -26.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€17.5M(12.1%)

IMPORT GROWTH (January 2023 - January 2024)€-13.1M(-12.4%)

MAIN DESTINATION (January 2024)Germany€32.8M

This section shows Rubber & articles 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 Rubber & articles thereof over time.

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