Electrical machinery and electronics in Portugal 2021 Exports | Imports : $5.98B | $9.1B, World Rnk 38 / 226 Rnk 2 / 96 | World Rnk 44 / 226 Rnk 3 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $143M | $321M, Germany | China
2021 ECONOMIC COMPLEXITY of Portugal: 0.56, Rnk 43 / 131
2021 PRODUCT COMPLEXITY IN Electrical machinery and electronics: 1.94, Rnk 8 / 1024
Exports In 2021, Portugal exported $5.98B in Electrical machinery and electronics, making it the 38th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 2nd most exported product in Portugal. The main destination of Electrical machinery and electronics exports from Portugal are: Germany ($1.47B), Spain ($829M), France ($536M), United Kingdom ($319M), and United States ($284M).
The fastest growing export markets for Electrical machinery and electronics of Portugal between 2020 and 2021 were Germany ($143M), Spain ($138M), and Italy ($74.1M).
Imports In 2021, Portugal imported $9.1B in Electrical machinery and electronics, becoming the 44th largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 3rd most imported product in Portugal. Portugal imports Electrical machinery and electronics primarily from: Spain ($1.99B), Germany ($1.83B), China ($1.44B), Netherlands ($581M), and France ($528M).
The fastest growing import markets in Electrical machinery and electronics for Portugal between 2020 and 2021 were China ($321M), Spain ($199M), and Germany ($169M).
May 2023
Overview In May 2023 Portugal's Electrical machinery and electronics exports accounted up to €548M and imports accounted up to €912M, resulting in a negative trade balance of €364M. Between May 2022 and May 2023 the exports of Portugal's Electrical machinery and electronics have increased by €52.2M (10.5%) from €496M to €548M, while imports increased by €58.4M (6.84%) from €854M to €912M.
Destinations In May 2023, Electrical machinery and electronics were exported mostly to Germany (€135M), Spain (€85.4M), France (€58.8M), United States (€29.8M), and United Kingdom (€27.4M), and were imported mostly from Spain (€201M), Germany (€196M), China (€162M), Netherlands (€62.5M), and France (€35.2M).
Growth In May 2023, the increase in Electrical machinery and electronics's year-by-year exports was explained primarily by an increase in exports to Spain (€28.8M or 45.9%), France (€12.7M or 33.7%), and Germany (€8.53M or 8.67%). In May 2023, the increase in Electrical machinery and electronics's year-by-year imports was explained primarily by an increase in imports from China (€36.2M or 39%), Germany (€30.9M or 23.8%), and Spain (€12M or 8.98%).
EXPORT GROWTH (May 2022 - May 2023): €52.2M, (10.5%)
IMPORT GROWTH (May 2022 - May 2023): €58.4M, (6.84%)
MAIN DESTINATION (May 2023): Germany, €135M
This section shows Electrical machinery and electronics'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 Electrical machinery and electronics over time.
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EXPORTS (2021): $5.98B
IMPORTS (2021): $9.1B
NET TRADE (2021): -$3.12B
In 2021, Portugal exported $5.98B in Electrical machinery and electronics. The main destinations of Portugal exports on Electrical machinery and electronics were Germany ($1.47B), Spain ($829M), France ($536M), United Kingdom ($319M), and United States ($284M).
In 2021, Portugal imported $9.1B in Electrical machinery and electronics, mainly from Spain ($1.99B), Germany ($1.83B), China ($1.44B), Netherlands ($581M), and France ($528M).
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR Portugal WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY Portugal WERE (2020 - 2021):
In 2021, Portugal's main exporting competitors in Electrical machinery and electronics were:
In 2021, Portugal's main importing competitors in Electrical machinery and electronics were:
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