Cars, tractors, trucks & parts thereof. in Portugal | The Observatory of Economic Complexity

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Exports In 2022, Portugal exported $9.64B in Cars, tractors, trucks & parts thereof., making it the 29th largest exporter of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 1st most exported product in Portugal. The main destination of Cars, tractors, trucks & parts thereof. exports from Portugal are: Spain ($2.16B), Germany ($1.65B), France ($1.52B), United Kingdom ($742M), and Italy ($736M).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of Portugal between 2021 and 2022 were Germany ($298M), Italy ($149M), and Turkey ($81.3M).

Imports In 2022, Portugal imported $9.72B in Cars, tractors, trucks & parts thereof., becoming the 35th largest importer of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 3rd most imported product in Portugal. Portugal imports Cars, tractors, trucks & parts thereof. primarily from: Spain ($2.48B), Germany ($2.25B), France ($1.05B), Belgium ($551M), and Turkey ($422M).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for Portugal between 2021 and 2022 were Turkey ($154M), Germany ($129M), and France ($115M).

COMPANIES In 2023, leading companies such as Robert Bosch (32), IKEA Group (23), and CNH Industrial (18) were at the forefront of shipping Cars, tractors, trucks & parts thereof. from Portugal to the United States.

Latest Trends

August 2024

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Overview In August 2024 Portugal's Cars, tractors, trucks & parts thereof. exports accounted up to €386M and imports accounted up to €825M, resulting in a negative trade balance of €439M. Between August 2023 and August 2024 the exports of Portugal's Cars, tractors, trucks & parts thereof. have decreased by €-83.6M (-17.8%) from €470M to €386M, while imports increased by €10.5M (1.29%) from €815M to €825M.

Destinations In August 2024, Cars, tractors, trucks & parts thereof. were exported mostly to Spain (€110M), Germany (€83.7M), France (€69.4M), Italy (€19.1M), and United Kingdom (€9.99M), and were imported mostly from Spain (€223M), Germany (€173M), France (€104M), Belgium (€61.4M), and China (€26.5M).

Growth In August 2024, the decrease in Cars, tractors, trucks & parts thereof.'s year-by-year exports was explained primarily by a decrease in exports to France (€-45.2M or -28.5%), Spain (€-10.3M or -4.6%), and Sweden (€-3.38M or -40.5%). In August 2024, the increase in Cars, tractors, trucks & parts thereof.'s year-by-year imports was explained primarily by an increase in imports from Spain (€94.5M or 49.8%), Germany (€77.4M or 50.2%), and France (€35.7M or 32.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€-83.6M(-17.8%)

IMPORT GROWTH (August 2023 - August 2024)€10.5M(1.29%)

MAIN DESTINATION (August 2024)Spain€110M

This section shows Cars, tractors, trucks & parts 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 Cars, tractors, trucks & parts thereof. over time.

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