Cotton in Portugal | The Observatory of Economic Complexity

About

Exports In 2022, Portugal exported $236M in Cotton, making it the 32nd largest exporter of Cotton in the world. At the same year, Cotton was the 55th most exported product in Portugal. The main destination of Cotton exports from Portugal are: Spain ($53.7M), France ($35.4M), Italy ($17.3M), Germany ($16.3M), and Morocco ($15.3M).

The fastest growing export markets for Cotton of Portugal between 2021 and 2022 were France ($3.71M), Algeria ($2.39M), and Hong Kong ($1.41M).

Imports In 2022, Portugal imported $767M in Cotton, becoming the 18th largest importer of Cotton in the world. At the same year, Cotton was the 32nd most imported product in Portugal. Portugal imports Cotton primarily from: India ($177M), Pakistan ($176M), Turkey ($159M), Spain ($56.9M), and Italy ($49.8M).

The fastest growing import markets in Cotton for Portugal between 2021 and 2022 were Pakistan ($25.1M), Brazil ($8.77M), and Poland ($7.4M).

COMPANIES In 2023, leading companies such as IKEA Group (459) and JP Boden Services (1) were at the forefront of shipping Cotton from Portugal to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Portugal's Cotton exports accounted up to €8.63M and imports accounted up to €21.7M, resulting in a negative trade balance of €13M. Between August 2023 and August 2024 the exports of Portugal's Cotton have decreased by €-411k (-4.55%) from €9.04M to €8.63M, while imports increased by €899k (4.33%) from €20.8M to €21.7M.

Destinations In August 2024, Cotton were exported mostly to Spain (€1.64M), France (€1.44M), Germany (€623k), United States (€596k), and Morocco (€514k), and were imported mostly from India (€5.49M), Pakistan (€5.24M), Turkey (€3.36M), Spain (€1.37M), and Italy (€1.21M).

Growth In August 2024, the decrease in Cotton's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (€-1.52M or -70.3%), Italy (€-493k or -22.4%), and Germany (€-457k or -33.1%). In August 2024, the increase in Cotton's year-by-year imports was explained primarily by an increase in imports from United States (€1.69M or 320%), Pakistan (€663k or 7.05%), and Vietnam (€352k or 3.34k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€-411k(-4.55%)

IMPORT GROWTH (August 2023 - August 2024)€899k(4.33%)

MAIN DESTINATION (August 2024)Spain€1.64M

This section shows Cotton'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 Cotton over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$236M

IMPORTS (2022)$767M

NET TRADE (2022)-$531M

In 2022, Portugal exported $236M in Cotton. The main destinations of Portugal exports on Cotton were Spain ($53.7M), France ($35.4M), Italy ($17.3M), Germany ($16.3M), and Morocco ($15.3M).

In 2022, Portugal imported $767M in Cotton, mainly from India ($177M), Pakistan ($176M), Turkey ($159M), Spain ($56.9M), and Italy ($49.8M).

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