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

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Exports In 2023, Portugal exported $3.69B in Mineral fuels, mineral oils and products of their distillation, making it the 69th 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: United States ($1.07B), Spain ($1.06B), Netherlands ($463M), Gibraltar ($307M), and Cape Verde ($131M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Portugal between 2022 and 2023 were Singapore ($73.7M), Morocco ($59.1M), and Turkey ($48.1M).

Imports In 2023, Portugal imported $13B in Mineral fuels, mineral oils and products of their distillation, becoming the 42nd 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 2nd most imported product in Portugal. Portugal imports Mineral fuels, mineral oils and products of their distillation primarily from: Spain ($3.5B), Brazil ($2.49B), United States ($1.37B), Nigeria ($1.24B), and Algeria ($890M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Portugal between 2022 and 2023 were Ghana ($233M), China ($171M), and United Arab Emirates ($101M).

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

November 2024

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Overview In November 2024 Portugal's Mineral fuels, mineral oils and products of their distillation exports accounted up to €430M and imports accounted up to €765M, resulting in a negative trade balance of €335M. Between November 2023 and November 2024 the exports of Portugal's Mineral fuels, mineral oils and products of their distillation have increased by €24.5M (6.05%) from €406M to €430M, while imports decreased by €-104M (-11.9%) from €869M to €765M.

Destinations In November 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Other (€128M), Spain (€102M), United States (€64.6M), Morocco (€38.8M), and Panama (€21.1M), and were imported mostly from Spain (€249M), United States (€142M), Algeria (€75.5M), Brazil (€67.3M), and Ghana (€65.8M).

Growth In November 2024, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by an increase in exports to Other (€59.6M or 72.9%), United States (€46.9M or 105%), and Spain (€12.1M or 8.65%). In November 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by a decrease in imports from Nigeria (€-92.2M or -76.1%), Russia (€-83.2M or -100%), and Spain (€-69.6M or -22.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€24.5M(6.05%)

IMPORT GROWTH (November 2023 - November 2024)€-104M(-11.9%)

MAIN DESTINATION (November 2024)Other€128M

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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