2023
Exports
$3.39BWorld Rnk 25 / 226
Flag Rnk 2 / 1213
2023
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1.12Rnk 138 / 1025
2023
Imports
$3.62BWorld Rnk 28 / 226
Flag Rnk 3 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $3.39B in Motor vehicles; parts and accessories (8701 to 8705), making it the 25th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 2nd most exported product in Portugal. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Portugal are: Spain ($1.23B), France ($496M), China ($270M), Germany ($244M), and Morocco ($191M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Portugal between 2022 and 2023 were Spain ($379M), France ($113M), and Morocco ($63.2M).

Imports In 2018, Portugal imported $3.62B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 28th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 3rd most imported product in Portugal. Portugal imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Spain ($1.35B), Germany ($825M), France ($432M), Japan ($139M), and Italy ($131M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Portugal between 2022 and 2023 were Spain ($201M), France ($39.6M), and Morocco ($28.3M).

COMPANIES In 2023, leading companies such as Robert Bosch (32), Brose Mechatronic Systems (2), and ZF Friedrichshafen (1) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Portugal to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Motor vehicles; parts and accessories (8701 to 8705). Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$3.39B
IMPORTS (2023)$3.62B
NET TRADE (2023)-$233M

In 2023, Portugal exported $3.39B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Portugal exports on Motor vehicles; parts and accessories (8701 to 8705) were Spain ($1.23B), France ($496M), China ($270M), Germany ($244M), and Morocco ($191M).

In 2023, Portugal imported $3.62B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Spain ($1.35B), Germany ($825M), France ($432M), Japan ($139M), and Italy ($131M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Spain$379M (44.7%)
France$113M (29.3%)
Morocco$63.2M (49.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Portugal WERE (2022 - 2023):
China-$80.7M (-23%)
United States-$38.9M (-68.7%)
Hungary-$12.4M (-33.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Portugal's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $69.4B
China $49.1B
Mexico $41.1B
In 2023, Portugal's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

Explore Visualizations

Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $171M
TOP IMPORT POTENTIALJapan+ $64.6M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is Germany. With an export gap of $171M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is Japan with an import gap of $64.6M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with