HS Icon Cars in  Flag Portugal

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Exports | Imports
: $4.73B | $5.11B, World Rnk 26 / 221
Flag Rnk 1 / 1208 | World Rnk 25 / 225
Flag Rnk 1 / 1210

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $303M | $104M, Germany |  Hungary

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

2019
PRODUCT COMPLEXITY  IN Cars
: 0.84, Rnk 237 / 1029

Exports In N/A, Portugal exported $4.73B in Cars, making it the 26th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in Portugal. The main destination of Cars exports from Portugal are: Germany ($1.45B), United Kingdom ($538M), Spain ($519M), France ($501M), and Italy ($305M).

The fastest growing export markets for Cars of Portugal between 2018 and 2019 were Germany ($303M), Spain ($160M), and Turkey ($71.4M).

Imports In N/A, Portugal imported $5.11B in Cars, becoming the 25th largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Portugal. Portugal imports Cars primarily from: Germany ($1.34B), Spain ($1.08B), France ($907M), Belgium ($338M), and Turkey ($214M).

The fastest growing import markets in Cars for Portugal between 2018 and 2019 were Hungary ($104M), Belgium ($42.9M), and South Africa ($20.4M).

Tariffs In 2017, the average tariff for Portugal in Cars was 3.23%. The countries with the highest import tariffs for Cars were Western Sahara (Most Favoured Nation duty rate treatement, 9.82%), Gabon (Most Favoured Nation duty rate treatement, 9.82%), Libya (Most Favoured Nation duty rate treatement, 9.82%), Mayotte (Most Favoured Nation duty rate treatement, 9.82%), and Reunion (Most Favoured Nation duty rate treatement, 9.82%).

Historical Data

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EXPORTS (2019): $4.73B

IMPORTS (2019): $5.11B

NET TRADE (2019): -$376M

In 2019, Portugal exported $4.73B in Cars. The main destinations of Portugal exports on Cars were Germany ($1.45B), United Kingdom ($538M), Spain ($519M), France ($501M), and Italy ($305M).

In 2019, Portugal imported $5.11B in Cars, mainly from Germany ($1.34B), Spain ($1.08B), France ($907M), Belgium ($338M), and Turkey ($214M).

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IN 2019, Portugal HAD A POSITIVE NET TRADE IN Cars WITH:

IN 2019, Portugal HAD A NEGATIVE NET TRADE IN Cars WITH:

Flow

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

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

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Market Concentration

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Type

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

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

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Tariffs by Country

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In 2017, the average tariff for Portugal in Cars was 3.23%.

The countries with the highest tariffs for Cars in Portugal were Western Sahara (Most Favoured Nation duty rate treatement, 9.82%), Gabon (Most Favoured Nation duty rate treatement, 9.82%), Libya (Most Favoured Nation duty rate treatement, 9.82%), Mayotte (Most Favoured Nation duty rate treatement, 9.82%), and Reunion (Most Favoured Nation duty rate treatement, 9.82%).