HS Icon Ball Bearings in  Flag Portugal

2019
Exports | Imports
: $87.6M | $110M, World Rnk 35 / 216
Flag Rnk 162 / 1208 | World Rnk 41 / 221
Flag Rnk 178 / 1210

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $987k | $1.85M, Russia |  Italy

2019
ECONOMIC COMPLEXITY of Portugal
: 0.51, Rnk 49 / 147

2019
PRODUCT COMPLEXITY  IN Ball Bearings
: 1.24, Rnk 95 / 1029

Exports In 2019, Portugal exported $87.6M in Ball Bearings, making it the 35th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 162nd most exported product in Portugal. The main destination of Ball Bearings exports from Portugal are: Germany ($67.6M), Spain ($2.59M), Angola ($1.78M), Austria ($1.58M), and Hungary ($1.5M).

The fastest growing export markets for Ball Bearings of Portugal between 2018 and 2019 were Russia ($987k), Thailand ($758k), and Indonesia ($740k).

Imports In 2019, Portugal imported $110M in Ball Bearings, becoming the 41st largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 178th most imported product in Portugal. Portugal imports Ball Bearings primarily from: Spain ($23.2M), Germany ($20.5M), China ($16.5M), France ($10.9M), and Belgium ($8.98M).

The fastest growing import markets in Ball Bearings for Portugal between 2018 and 2019 were Italy ($1.85M), Spain ($1.53M), and Norway ($255k).

Tariffs In 2017, the average tariff for Portugal in Ball Bearings was 2.36%. The countries with the highest import tariffs for Ball Bearings were Western Sahara (Most Favoured Nation duty rate treatement, 7.98%), Gabon (Most Favoured Nation duty rate treatement, 7.98%), Libya (Most Favoured Nation duty rate treatement, 7.98%), Mayotte (Most Favoured Nation duty rate treatement, 7.98%), and Reunion (Most Favoured Nation duty rate treatement, 7.98%).

Historical Data

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EXPORTS (2019): $87.6M

IMPORTS (2019): $110M

NET TRADE (2019): -$22.2M

In 2019, Portugal exported $87.6M in Ball Bearings. The main destinations of Portugal exports on Ball Bearings were Germany ($67.6M), Spain ($2.59M), Angola ($1.78M), Austria ($1.58M), and Hungary ($1.5M).

In 2019, Portugal imported $110M in Ball Bearings, mainly from Spain ($23.2M), Germany ($20.5M), China ($16.5M), France ($10.9M), and Belgium ($8.98M).

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IN 2019, Portugal HAD A POSITIVE NET TRADE IN Ball Bearings WITH:

IN 2019, Portugal HAD A NEGATIVE NET TRADE IN Ball Bearings WITH:

Flow

THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Portugal WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Portugal WERE (2018 - 2019):

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Market Concentration

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In 2019, Portugal's main exporting competitors in Ball Bearings were:

In 2019, Portugal's main importing competitors in Ball Bearings were:

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Tariffs by Country

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In 2017, the average tariff for Portugal in Ball Bearings was 2.36%.

The countries with the highest tariffs for Ball Bearings in Portugal were Western Sahara (Most Favoured Nation duty rate treatement, 7.98%), Gabon (Most Favoured Nation duty rate treatement, 7.98%), Libya (Most Favoured Nation duty rate treatement, 7.98%), Mayotte (Most Favoured Nation duty rate treatement, 7.98%), and Reunion (Most Favoured Nation duty rate treatement, 7.98%).