2023
Exports
$1.25BWorld Rnk 1 / 147
Flag Rnk 18 / 96
2023
PRODUCT COMPLEXITY IN Cork & cork articles
-0.11Rnk 590 / 1025
2023
Imports
$318MWorld Rnk 2 / 212
Flag Rnk 57 / 96
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $1.25B in Cork & cork articles, making it the 1st largest exporter of Cork & cork articles in the world. At the same year, Cork & cork articles was the 18th most exported product in Portugal. The main destination of Cork & cork articles exports from Portugal are: United States ($241M), France ($230M), Spain ($198M), Italy ($152M), and United Kingdom ($64.9M).

The fastest growing export markets for Cork & cork articles of Portugal between 2022 and 2023 were Italy ($29.4M), Spain ($27.8M), and France ($15.1M).

Imports In 2023, Portugal imported $318M in Cork & cork articles, becoming the 2nd largest importer of Cork & cork articles in the world. At the same year, Cork & cork articles was the 57th most imported product in Portugal. Portugal imports Cork & cork articles primarily from: N/A.

The fastest growing import markets in Cork & cork articles for Portugal between 2022 and 2023 were Spain ($36.7M), China ($2.8M), and United States ($1.77M).

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.25B
IMPORTS (2023)$318M
NET TRADE (2023)$927M

In 2023, Portugal exported $1.25B in Cork & cork articles. The main destinations of Portugal exports on Cork & cork articles were United States ($241M), France ($230M), Spain ($198M), Italy ($152M), and United Kingdom ($64.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cork & cork articles EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Italy$29.4M (24%)
Spain$27.8M (16.3%)
France$15.1M (7.04%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cork & cork articles BY Portugal WERE (2022 - 2023):
Germany-$12M (-16.4%)
Russia-$10.7M (-100%)
Poland-$5.03M (-47.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Cork & cork articles were:
In 2023, Portugal's main importing competitors in Cork & cork articles were:

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Trade Value of Cork & cork articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $722k
TOP IMPORT POTENTIALChina+ $341k

Cork & cork articles’s highest export potential is India. With an export gap of $722k.   Cork & cork articles’s highest import potential is China with an import gap of $341k.

See methodology.

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