2023
Exports
$63.8MWorld Rnk 4 / 83
Flag Rnk 236 / 1213
2023
PRODUCT COMPLEXITY IN Felt Machinery
1.1Rnk 146 / 1025
2023
Imports
$1.84MWorld Rnk 44 / 146
Flag Rnk 987 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $63.8M in Felt Machinery, making it the 4th largest exporter of Felt Machinery in the world. At the same year, Felt Machinery was the 236th most exported product in Portugal. The main destination of Felt Machinery exports from Portugal are: Germany ($23.4M), United States ($12.1M), Singapore ($10.8M), China ($7.75M), and India ($2.09M).

The fastest growing export markets for Felt Machinery of Portugal between 2022 and 2023 were Germany ($2.48M), United States ($2.05M), and India ($1.96M).

Imports In 2023, Portugal imported $1.84M in Felt Machinery, becoming the 44th largest importer of Felt Machinery in the world. At the same year, Felt Machinery was the 987th most imported product in Portugal. Portugal imports Felt Machinery primarily from: Italy ($1.63M), Germany ($122k), Denmark ($37.4k), China ($12.4k), and Netherlands ($10.3k).

The fastest growing import markets in Felt Machinery for Portugal between 2022 and 2023 were Germany ($32.5k), Netherlands ($9.55k), and Japan ($6.78k).

Latest Trends

Jan 2025

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 Felt Machinery. 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 (2023)$63.8M
IMPORTS (2023)$1.84M
NET TRADE (2023)$62M

In 2023, Portugal exported $63.8M in Felt Machinery. The main destinations of Portugal exports on Felt Machinery were Germany ($23.4M), United States ($12.1M), Singapore ($10.8M), China ($7.75M), and India ($2.09M).

In 2023, Portugal imported $1.84M in Felt Machinery, mainly from Italy ($1.63M), Germany ($122k), Denmark ($37.4k), China ($12.4k), and Netherlands ($10.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Felt Machinery EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Germany$2.48M (11.9%)
United States$2.05M (20.4%)
India$1.96M (1.44k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt Machinery BY Portugal WERE (2022 - 2023):
South Korea-$1.08M (-100%)
Turkey-$976k (-37.9%)
Brazil-$590k (-28.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Felt Machinery were:
China $202M
Italy $73.8M
In 2023, Portugal's main importing competitors in Felt Machinery were:

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Trade Value of Felt Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.47M
TOP IMPORT POTENTIALChina+ $147k

Felt Machinery’s highest export potential is China. With an export gap of $1.47M.   Felt Machinery’s highest import potential is China with an import gap of $147k.

See methodology.

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