2021
Exports | Imports
$3.71B | $11BWorld Rnk 61 / 223
Flag Rnk 5 / 96
World Rnk 39 / 226
Flag Rnk 1 / 96
2021
ECONOMIC COMPLEXITY of Portugal
0.56Rnk 43 / 131
2021
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.53Rnk 360 / 1024

About

Exports In 2021, Portugal exported $3.71B in Mineral fuels, mineral oils and products of their distillation, making it the 61st 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 5th most exported product in Portugal. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Portugal are: Spain ($1.36B), United States ($855M), Gibraltar ($474M), Netherlands ($310M), and Morocco ($164M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Portugal between 2020 and 2021 were Spain ($714M), United States ($289M), and Gibraltar ($271M).

Imports In 2021, Portugal imported $11B 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 ($2.86B), Brazil ($1.74B), Nigeria ($1.67B), United States ($1.44B), and Russia ($750M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Portugal between 2020 and 2021 were Spain ($1.73B), United States ($859M), and Brazil ($752M).

Latest Trends

November 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - November 2023)€-84.3M(-17.2%)
IMPORT GROWTH (November 2022 - November 2023)€-487M(-35.9%)
MAIN DESTINATION (November 2023)Other€167M

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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Historical Data

Trade Balance

Color
EXPORTS (2021)$3.71B
IMPORTS (2021)$11B
NET TRADE (2021)-$7.26B

In 2021, Portugal exported $3.71B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Portugal exports on Mineral fuels, mineral oils and products of their distillation were Spain ($1.36B), United States ($855M), Gibraltar ($474M), Netherlands ($310M), and Morocco ($164M).

In 2021, Portugal imported $11B in Mineral fuels, mineral oils and products of their distillation, mainly from Spain ($2.86B), Brazil ($1.74B), Nigeria ($1.67B), United States ($1.44B), and Russia ($750M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Portugal WERE (2020 - 2021):
Spain$714M (110%)
United States$289M (51%)
Gibraltar$271M (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Portugal WERE (2020 - 2021):
Cape Verde-$95.1M (-83%)
Ghana-$27.3M (-99.9%)
United Kingdom-$24.2M (-65.8%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, Portugal's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2021, Portugal's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

Explore Visualizations

Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

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