2022
Exports
$2.99BWorld Rnk 25 / 226
Flag Rnk 3 / 1216
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$2.95BWorld Rnk 32 / 225
Flag Rnk 5 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $2.99B 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 3rd most exported product in Portugal. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Portugal are: Spain ($1.35B), France ($414M), Germany ($282M), United Kingdom ($125M), and Romania ($114M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Portugal between 2021 and 2022 were Germany ($47.6M), Romania ($25.7M), and Slovakia ($17.7M).

Imports In 2022, Portugal imported $2.95B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 32nd 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 5th most imported product in Portugal. Portugal imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Spain ($1.19B), Germany ($607M), France ($275M), Czechia ($151M), and Italy ($106M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Portugal between 2021 and 2022 were France ($66.1M), Czechia ($33.3M), and Turkey ($20.3M).

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

Sep 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 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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.99B
IMPORTS (2022)$2.95B
NET TRADE (2022)$33.4M

In 2022, Portugal exported $2.99B 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 ($1.35B), France ($414M), Germany ($282M), United Kingdom ($125M), and Romania ($114M).

In 2022, Portugal imported $2.95B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Spain ($1.19B), Germany ($607M), France ($275M), Czechia ($151M), and Italy ($106M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Germany$47.6M (20.3%)
Romania$25.7M (29.1%)
Slovakia$17.7M (25.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Portugal WERE (2021 - 2022):
France-$160M (-27.9%)
Spain-$66.9M (-4.71%)
United Kingdom-$20.3M (-13.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Portugal's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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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.

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