2021
Exports | Imports
$27M | $4.46BWorld Rnk 91 / 147
Flag Rnk 368 / 1210
World Rnk 27 / 163
Flag Rnk 1 / 1210
2021
ECONOMIC COMPLEXITY of Portugal
0.56Rnk 43 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, Portugal exported $27M in Crude Petroleum, making it the 91st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 368th most exported product in Portugal. The main destination of Crude Petroleum exports from Portugal are: Spain ($27M), Mozambique ($3.67k), Angola ($312), and Netherlands ($78).

The fastest growing export markets for Crude Petroleum of Portugal between 2020 and 2021 were Spain ($27M), Mozambique ($3.67k), and Netherlands ($28).

Imports In 2021, Portugal imported $4.46B in Crude Petroleum, becoming the 27th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Portugal. Portugal imports Crude Petroleum primarily from: Brazil ($1.66B), Nigeria ($1.05B), Azerbaijan ($592M), United States ($457M), and Algeria ($121M).

The fastest growing import markets in Crude Petroleum for Portugal between 2020 and 2021 were Brazil ($734M), Nigeria ($556M), and Azerbaijan ($354M).

Latest Trends

Dec 2023

Subnational Monthly Trade

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Flow
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 Crude Petroleum. 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

Trade Balance

Color
EXPORTS (2021)$27M
IMPORTS (2021)$4.46B
NET TRADE (2021)-$4.43B

In 2021, Portugal exported $27M in Crude Petroleum. The main destinations of Portugal exports on Crude Petroleum were Spain ($27M), Mozambique ($3.67k), Angola ($312), and Netherlands ($78).

In 2021, Portugal imported $4.46B in Crude Petroleum, mainly from Brazil ($1.66B), Nigeria ($1.05B), Azerbaijan ($592M), United States ($457M), and Algeria ($121M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Portugal WERE (2020 - 2021):
Spain$27M (1%)
Mozambique$3.67k (1%)
Netherlands$28 (56%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Portugal WERE (2020 - 2021):
Angola-$1.31k (-80.8%)
Belgium-$1.19k (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Portugal's main exporting competitors in Crude Petroleum were:
In 2021, Portugal's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

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