Mineral fuels, mineral oils and products of their distillation in Portugal

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Exports In 2022, Portugal exported $5.08B in Mineral fuels, mineral oils and products of their distillation, making it the 67th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 4th most exported product in Portugal. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Portugal are: Spain ($1.76B), United States ($1.18B), Gibraltar ($549M), Netherlands ($542M), and United Kingdom ($223M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Portugal between 2021 and 2022 were Spain ($393M), United States ($319M), and Netherlands ($232M).

Imports In 2022, Portugal imported $17.9B in Mineral fuels, mineral oils and products of their distillation, becoming the 39th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Portugal. Portugal imports Mineral fuels, mineral oils and products of their distillation primarily from: Spain ($4.82B), Brazil ($2.78B), United States ($2.17B), Nigeria ($1.91B), and Algeria ($821M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Portugal between 2021 and 2022 were Spain ($1.97B), Brazil ($1.05B), and United States ($710M).

COMPANIES In 2023, leading companies such as Porsche (5), At Home Procurement (1), and Wismettac Asian Foods (1) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Portugal to the United States.

Latest Trends

August 2024

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Overview In August 2024 Portugal's Mineral fuels, mineral oils and products of their distillation exports accounted up to €467M and imports accounted up to €1.15B, resulting in a negative trade balance of €687M. Between August 2023 and August 2024 the exports of Portugal's Mineral fuels, mineral oils and products of their distillation have decreased by €-41M (-8.07%) from €508M to €467M, while imports increased by €15.4M (1.35%) from €1.14B to €1.15B.

Destinations In August 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Other (€112M), United States (€99.9M), Spain (€85.8M), Gibraltar (€47.5M), and Libya (€19.8M), and were imported mostly from Spain (€300M), Nigeria (€179M), Brazil (€154M), Azerbaijan (€137M), and Algeria (€100M).

Growth In August 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to Gibraltar (€-34.7M or -100%), United Kingdom (€-26.7M or -100%), and Qatar (€-25.6M or -100%). In August 2024, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by an increase in imports from Brazil (€176M or 279%), Netherlands (€22.8M or 135%), and Sweden (€20.6M or 8.11k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€-41M(-8.07%)

IMPORT GROWTH (August 2023 - August 2024)€15.4M(1.35%)

MAIN DESTINATION (August 2024)Other€112M

This section shows Mineral fuels, mineral oils and products of their distillation'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 Mineral fuels, mineral oils and products of their distillation over time.

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