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2022
Exports $1.24BWorld Rnk 1 / 146
Flag Rnk 18 / 96
2022
Destination $13.4M France
2021 - 2022
FASTEST GROWING MARKET $13.4MSpain
2022
PRODUCT COMPLEXITY IN Cork & cork articles-0.17Rnk 605 / 1025
2022
Imports $241MWorld Rnk 3 / 208
Flag Rnk 62 / 96
2022
Origin $22.4M Spain
2021 - 2022
FASTEST GROWING ORIGIN $22.4MSpain
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $1.24B 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: France ($233M), United States ($216M), Spain ($190M), Italy ($130M), and Germany ($79.2M).

The fastest growing export markets for Cork & cork articles of Portugal between 2021 and 2022 were Spain ($13.4M), United Kingdom ($11.7M), and Turkey ($8.43M).

Imports In 2022, Portugal imported $241M in Cork & cork articles, becoming the 3rd largest importer of Cork & cork articles in the world. At the same year, Cork & cork articles was the 62nd most imported product in Portugal. Portugal imports Cork & cork articles primarily from: Spain ($184M), Morocco ($14.4M), Italy ($13.8M), France ($8.74M), and Tunisia ($6.19M).

The fastest growing import markets in Cork & cork articles for Portugal between 2021 and 2022 were Spain ($22.4M), Morocco ($4.23M), and Tunisia ($1.35M).

COMPANIES In 2023, leading companies such as Pernod Ricard (2) were at the forefront of shipping Cork & cork articles from Portugal to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Portugal's Cork & cork articles exports accounted up to €107M and imports accounted up to €20.6M, resulting in a positive trade balance of €86.8M. Between October 2023 and October 2024 the exports of Portugal's   Cork & cork articles have increased by €4.07M (3.94%) from €103M to €107M, while imports decreased by €-11.2M (-35.2%) from €31.9M to €20.6M.

Destinations In October 2024, Cork & cork articles were exported mostly to France (€19.6M), Spain (€17.6M), United States (€17.2M), Italy (€11.9M), and Germany (€6.44M), and were imported mostly from Spain (€16.7M), Italy (€1.65M), Morocco (€993k), Algeria (€424k), and France (€410k).

Growth In October 2024, the increase in Cork & cork articles's year-by-year exports was explained primarily by an increase in exports to Austria (€4.45M or 483%), Spain (€2.18M or 15.7%), and France (€1.58M or 8.3%). In October 2024, the decrease in Cork & cork articles's year-by-year imports was explained primarily by a decrease in imports from Morocco (€-1.16M or -80%), Italy (€-140k or -10.1%), and Algeria (€-133k or -13.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€4.07M(3.94%)
IMPORT GROWTH (October 2023 - October 2024)€-11.2M(-35.2%)
MAIN DESTINATION (October 2024)France€19.6M

This section shows Cork & cork articles'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 Cork & cork articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.24B
IMPORTS (2022)$241M
NET TRADE (2022)$998M

In 2022, Portugal exported $1.24B in Cork & cork articles. The main destinations of Portugal exports on Cork & cork articles were France ($233M), United States ($216M), Spain ($190M), Italy ($130M), and Germany ($79.2M).

In 2022, Portugal imported $241M in Cork & cork articles, mainly from Spain ($184M), Morocco ($14.4M), Italy ($13.8M), France ($8.74M), and Tunisia ($6.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cork & cork articles EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$13.4M (7.56%)
United Kingdom$11.7M (25.8%)
Turkey$8.43M (383%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cork & cork articles BY Portugal WERE (2021 - 2022):
Russia-$21.3M (-66.6%)
United States-$20.4M (-8.63%)
Germany-$19.6M (-19.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Cork & cork articles were:
Spain $428M
France $108M
In 2022, Portugal's main importing competitors in Cork & cork articles were:
France $368M
United States $292M

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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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