2022
Exports
$59MWorld Rnk 17 / 152
Flag Rnk 250 / 1216
2022
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.22Rnk 622 / 1025
2022
Imports
$186MWorld Rnk 9 / 219
Flag Rnk 134 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $59M in Fermented Milk Products, making it the 17th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 250th most exported product in Portugal. The main destination of Fermented Milk Products exports from Portugal are: Spain ($41.6M), Angola ($6M), Cape Verde ($3.34M), Netherlands ($1.49M), and Poland ($1.39M).

The fastest growing export markets for Fermented Milk Products of Portugal between 2021 and 2022 were Spain ($7.25M), Angola ($1.72M), and Netherlands ($746k).

Imports In 2022, Portugal imported $186M in Fermented Milk Products, becoming the 9th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 134th most imported product in Portugal. Portugal imports Fermented Milk Products primarily from: Spain ($123M), Germany ($27.3M), France ($17.7M), Czechia ($4.28M), and Slovakia ($3.05M).

The fastest growing import markets in Fermented Milk Products for Portugal between 2021 and 2022 were Spain ($2.43M), Czechia ($2.11M), and Slovakia ($1.14M).

COMPANIES In 2023, leading companies such as IKEA Group (10) were at the forefront of shipping Fermented Milk Products from Portugal to the United States.

Latest Trends

Jul 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 Fermented Milk Products. 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)$59M
IMPORTS (2022)$186M
NET TRADE (2022)-$127M

In 2022, Portugal exported $59M in Fermented Milk Products. The main destinations of Portugal exports on Fermented Milk Products were Spain ($41.6M), Angola ($6M), Cape Verde ($3.34M), Netherlands ($1.49M), and Poland ($1.39M).

In 2022, Portugal imported $186M in Fermented Milk Products, mainly from Spain ($123M), Germany ($27.3M), France ($17.7M), Czechia ($4.28M), and Slovakia ($3.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$7.25M (21.1%)
Angola$1.72M (40.1%)
Netherlands$746k (100%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Portugal WERE (2021 - 2022):
Saudi Arabia-$728k (-76%)
Jamaica-$322k (-89.4%)
Libya-$226k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Fermented Milk Products were:
In 2022, Portugal's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $934k
TOP IMPORT POTENTIALBelgium+ $1.26M

Fermented Milk Products’s highest export potential is Netherlands. With an export gap of $934k.   Fermented Milk Products’s highest import potential is Belgium with an import gap of $1.26M.

See methodology.

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