2022
Exports
$153MWorld Rnk 39 / 209
Flag Rnk 117 / 1216
2022
PRODUCT COMPLEXITY IN Electric Batteries
1.02Rnk 164 / 1025
2022
Imports
$311MWorld Rnk 43 / 225
Flag Rnk 71 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $153M in Electric Batteries, making it the 39th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 117th most exported product in Portugal. The main destination of Electric Batteries exports from Portugal are: France ($28.5M), Germany ($26.6M), Italy ($14.7M), Sweden ($13.5M), and Spain ($11.9M).

The fastest growing export markets for Electric Batteries of Portugal between 2021 and 2022 were Turkey ($3.27M), Saudi Arabia ($2.65M), and United Kingdom ($1.93M).

Imports In 2022, Portugal imported $311M in Electric Batteries, becoming the 43rd largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 71st most imported product in Portugal. Portugal imports Electric Batteries primarily from: Spain ($106M), China ($71.2M), Germany ($49.6M), France ($13.3M), and Netherlands ($12.5M).

The fastest growing import markets in Electric Batteries for Portugal between 2021 and 2022 were China ($21.4M), Spain ($15.3M), and Germany ($5.99M).

COMPANIES In 2023, leading companies such as IKEA Group (3) were at the forefront of shipping Electric Batteries from Portugal to the United States.

Latest Trends

Oct 2024

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 Electric Batteries. 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 (2022)$153M
IMPORTS (2022)$311M
NET TRADE (2022)-$158M

In 2022, Portugal exported $153M in Electric Batteries. The main destinations of Portugal exports on Electric Batteries were France ($28.5M), Germany ($26.6M), Italy ($14.7M), Sweden ($13.5M), and Spain ($11.9M).

In 2022, Portugal imported $311M in Electric Batteries, mainly from Spain ($106M), China ($71.2M), Germany ($49.6M), France ($13.3M), and Netherlands ($12.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Turkey$3.27M (68.2%)
Saudi Arabia$2.65M (76.9%)
United Kingdom$1.93M (28.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY Portugal WERE (2021 - 2022):
Germany-$13.7M (-34%)
Russia-$6.8M (-100%)
Slovakia-$1.7M (-82.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Electric Batteries were:
In 2022, Portugal's main importing competitors in Electric Batteries were:

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $18.3M
TOP IMPORT POTENTIALChina+ $43M

Electric Batteries’s highest export potential is Germany. With an export gap of $18.3M.   Electric Batteries’s highest import potential is China with an import gap of $43M.

See methodology.

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