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2023
Exports $3.53BWorld Rnk 30 / 226
Flag Rnk 6 / 96
2023
Destination $15.8M Spain
2022 - 2023
FASTEST GROWING MARKET $15.8MSpain
2023
PRODUCT COMPLEXITY IN Plastics & articles thereof1.66Rnk 27 / 1025
2023
Imports $5.37BWorld Rnk 34 / 226
Flag Rnk 5 / 96
2023
Origin $28.5M Spain
2022 - 2023
FASTEST GROWING ORIGIN $28.5MFrance
2023
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $3.53B in Plastics & articles thereof, making it the 30th largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 6th most exported product in Portugal. The main destination of Plastics & articles thereof exports from Portugal are: Spain ($1.27B), France ($494M), Germany ($206M), Netherlands ($202M), and United Kingdom ($155M).

The fastest growing export markets for Plastics & articles thereof of Portugal between 2022 and 2023 were Spain ($15.8M), Mozambique ($13.4M), and Mexico ($12.9M).

Imports In 2023, Portugal imported $5.37B in Plastics & articles thereof, becoming the 34th largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 5th most imported product in Portugal. Portugal imports Plastics & articles thereof primarily from: Spain ($1.98B), Germany ($754M), France ($412M), Italy ($327M), and Netherlands ($301M).

The fastest growing import markets in Plastics & articles thereof for Portugal between 2022 and 2023 were France ($28.5M), Vietnam ($25.7M), and Italy ($10.9M).

COMPANIES In 2024, leading companies such as IKEA Group (40), Advance Auto Parts (26), and Brose Mechatronic Systems (23) were at the forefront of shipping Plastics & articles thereof from Portugal to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Portugal's Plastics & articles thereof exports accounted up to €233M and imports accounted up to €331M, resulting in a negative trade balance of €97.3M. Between December 2023 and December 2024 the exports of Portugal's   Plastics & articles thereof have increased by €7.03M (3.11%) from €226M to €233M, while imports decreased by €-2.49M (-0.75%) from €333M to €331M.

Destinations In December 2024, Plastics & articles thereof were exported mostly to Spain (€84.6M), France (€35.8M), Germany (€14.2M), Belgium (€13.9M), and Italy (€8.82M), and were imported mostly from Spain (€127M), Germany (€42.3M), France (€20.9M), Italy (€18M), and Belgium (€17.9M).

Growth In December 2024, the increase in Plastics & articles thereof's year-by-year exports was explained primarily by an increase in exports to Spain (€3.65M or 3.29%), Mexico (€3.18M or 265%), and Morocco (€2.34M or 49.3%). In December 2024, the decrease in Plastics & articles thereof's year-by-year imports was explained primarily by a decrease in imports from Spain (€-5.44M or -3.93%), Germany (€-3.45M or -6.75%), and United States (€-3.19M or -31.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€7.03M(3.11%)
IMPORT GROWTH (December 2023 - December 2024)€-2.49M(-0.75%)
MAIN DESTINATION (December 2024)Spain€84.6M

This section shows Plastics & articles thereof'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 Plastics & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.53B
IMPORTS (2023)$5.37B
NET TRADE (2023)-$1.84B

In 2023, Portugal exported $3.53B in Plastics & articles thereof. The main destinations of Portugal exports on Plastics & articles thereof were Spain ($1.27B), France ($494M), Germany ($206M), Netherlands ($202M), and United Kingdom ($155M).

In 2023, Portugal imported $5.37B in Plastics & articles thereof, mainly from Spain ($1.98B), Germany ($754M), France ($412M), Italy ($327M), and Netherlands ($301M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Spain$15.8M (1.25%)
Mozambique$13.4M (74.8%)
Mexico$12.9M (31.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY Portugal WERE (2022 - 2023):
France-$59M (-10.7%)
United States-$37.4M (-35.8%)
Germany-$35.9M (-14.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Portugal's main exporting competitors in Plastics & articles thereof were:
China $124B
United States $89.1B
Germany $80.4B
In 2023, Portugal's main importing competitors in Plastics & articles thereof were:
United States $79.6B
China $63.7B
Germany $50.1B

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $148M
TOP IMPORT POTENTIALChina+ $154M

Plastics & articles thereof’s highest export potential is Germany. With an export gap of $148M.   Plastics & articles thereof’s highest import potential is China with an import gap of $154M.

See methodology.

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