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Exports In 2022, Portugal exported $21.2k in Petroleum oils, oils from bituminous minerals, crude, making it the 112th largest exporter of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 4078th most exported product in Portugal. The main destination of Petroleum oils, oils from bituminous minerals, crude exports from Portugal are: Mozambique ($12.5k), Netherlands ($6.16k), and Angola ($2.61k).

The fastest growing export markets for Petroleum oils, oils from bituminous minerals, crude of Portugal between 2021 and 2022 were Mozambique ($8.79k), Netherlands ($6.08k), and Angola ($2.33k).

Imports In 2022, Portugal imported $7.07B in Petroleum oils, oils from bituminous minerals, crude, becoming the 24th largest importer of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 1st most imported product in Portugal. Portugal imports Petroleum oils, oils from bituminous minerals, crude primarily from: Brazil ($2.55B), Nigeria ($1.1B), Algeria ($808M), Azerbaijan ($756M), and Angola ($583M).

The fastest growing import markets in Petroleum oils, oils from bituminous minerals, crude for Portugal between 2021 and 2022 were Brazil ($894M), Algeria ($687M), and Angola ($525M).

COMPANIES In 2023, leading companies such as IKEA Group (8.03k), Continental Tire (5.32k), and Home Depot (850) were at the forefront of shipping Petroleum oils, oils from bituminous minerals, crude from Portugal to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Petroleum oils, oils from bituminous minerals, crude. 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)$21.2k
IMPORTS (2022)$7.07B
NET TRADE (2022)-$7.07B

In 2022, Portugal exported $21.2k in Petroleum oils, oils from bituminous minerals, crude. The main destinations of Portugal exports on Petroleum oils, oils from bituminous minerals, crude were Mozambique ($12.5k), Netherlands ($6.16k), and Angola ($2.61k).

In 2022, Portugal imported $7.07B in Petroleum oils, oils from bituminous minerals, crude, mainly from Brazil ($2.55B), Nigeria ($1.1B), Algeria ($808M), Azerbaijan ($756M), and Angola ($583M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum oils, oils from bituminous minerals, crude EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Mozambique$8.79k (238%)
Netherlands$6.08k (7.79k%)
Angola$2.33k (855%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum oils, oils from bituminous minerals, crude BY Portugal WERE (2021 - 2022):Spain-$27M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Portugal's main exporting competitors in Petroleum oils, oils from bituminous minerals, crude were:
In 2022, Portugal's main importing competitors in Petroleum oils, oils from bituminous minerals, crude were:

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Trade Value of Petroleum oils, oils from bituminous minerals, crude by Exporters

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