HS Icon Cars in  Flag Portugal

2020
Exports | Imports
: $3.77B | $3.59B, World Rnk 27 / 210
Flag Rnk 1 / 1202 | World Rnk 29 / 224
Flag Rnk 1 / 1207

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $111M | $24M, Japan |  Romania

2020
ECONOMIC COMPLEXITY of Portugal
: 0.47, Rnk 45 / 127

2020
PRODUCT COMPLEXITY  IN Cars
: 0.89, Rnk 214 / 1029

Exports In 2020, Portugal exported $3.77B in Cars, making it the 27th 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 ($940M), Spain ($389M), Italy ($382M), France ($380M), and United Kingdom ($336M).

The fastest growing export markets for Cars of Portugal between 2019 and 2020 were Japan ($111M), Turkey ($92.9M), and South Korea ($39.9M).

Imports In 2020, Portugal imported $3.59B in Cars, becoming the 29th 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 ($1.08B), Spain ($772M), France ($458M), Belgium ($293M), and Turkey ($125M).

The fastest growing import markets in Cars for Portugal between 2019 and 2020 were Romania ($24M), Mexico ($1.06M), and Thailand ($964k).

Tariffs In 2019, the average tariff for Portugal in Cars was 3.62%. The countries with the highest import tariffs for Cars were Republic of the Congo (Most Favoured Nation duty rate treatement, 9.84%), Western Sahara (Most Favoured Nation duty rate treatement, 9.84%), Gabon (Most Favoured Nation duty rate treatement, 9.84%), Libya (Most Favoured Nation duty rate treatement, 9.84%), and Mayotte (Most Favoured Nation duty rate treatement, 9.84%).

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $3.77B

IMPORTS (2020): $3.59B

NET TRADE (2020): $180M

In 2020, Portugal exported $3.77B in Cars. The main destinations of Portugal exports on Cars were Germany ($940M), Spain ($389M), Italy ($382M), France ($380M), and United Kingdom ($336M).

In 2020, Portugal imported $3.59B in Cars, mainly from Germany ($1.08B), Spain ($772M), France ($458M), Belgium ($293M), and Turkey ($125M).

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Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR Portugal WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Portugal WERE (2019 - 2020):

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Market Concentration

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In 2020, Portugal's main exporting competitors in Cars were:

In 2020, Portugal's main importing competitors in Cars were:

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