2022
Exports
$9.64BWorld Rnk 29 / 226
Flag Rnk 1 / 96
2022
PRODUCT COMPLEXITY IN Cars, tractors, trucks & parts thereof.
1Rnk 170 / 1025
2022
Imports
$9.72BWorld Rnk 35 / 226
Flag Rnk 3 / 96
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

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

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€1.07B(161%)
IMPORT GROWTH (September 2023 - September 2024)€1.17B(130%)
MAIN DESTINATION (September 2024)Spain€467M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.64B
IMPORTS (2022)$9.72B
NET TRADE (2022)-$75M

In 2022, Portugal exported $9.64B in Cars, tractors, trucks & parts thereof.. The main destinations of Portugal exports on Cars, tractors, trucks & parts thereof. were Spain ($2.16B), Germany ($1.65B), France ($1.52B), United Kingdom ($742M), and Italy ($736M).

In 2022, Portugal imported $9.72B in Cars, tractors, trucks & parts thereof., mainly from Spain ($2.48B), Germany ($2.25B), France ($1.05B), Belgium ($551M), and Turkey ($422M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars, tractors, trucks & parts thereof. EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Germany$298M (22%)
Italy$149M (25.5%)
Turkey$81.3M (48.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars, tractors, trucks & parts thereof. BY Portugal WERE (2021 - 2022):
Spain-$236M (-9.84%)
France-$185M (-10.9%)
Japan-$90.9M (-47.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Cars, tractors, trucks & parts thereof. were:
In 2022, Portugal's main importing competitors in Cars, tractors, trucks & parts thereof. were:

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Trade Value of Cars, tractors, trucks & parts thereof. by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $451M
TOP IMPORT POTENTIALSpain+ $287M

Cars, tractors, trucks & parts thereof.’s highest export potential is Germany. With an export gap of $451M.   Cars, tractors, trucks & parts thereof.’s highest import potential is Spain with an import gap of $287M.

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