2021
Exports | Imports
$2.67B | $2.52BWorld Rnk 38 / 218
Flag Rnk 3 / 1210
World Rnk 64 / 226
Flag Rnk 4 / 1210
2021
ECONOMIC COMPLEXITY of Portugal
0.56Rnk 43 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Portugal exported $2.67B in Refined Petroleum, making it the 38th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Portugal. The main destination of Refined Petroleum exports from Portugal are: United States ($826M), Spain ($578M), Gibraltar ($474M), Netherlands ($185M), and Morocco ($160M).

The fastest growing export markets for Refined Petroleum of Portugal between 2020 and 2021 were Gibraltar ($271M), United States ($266M), and Spain ($231M).

Imports In 2021, Portugal imported $2.52B in Refined Petroleum, becoming the 64th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most imported product in Portugal. Portugal imports Refined Petroleum primarily from: Spain ($1B), Russia ($411M), Netherlands ($221M), United Arab Emirates ($152M), and Belgium ($105M).

The fastest growing import markets in Refined Petroleum for Portugal between 2020 and 2021 were Spain ($424M), Russia ($366M), and Netherlands ($180M).

Latest Trends

Dec 2023

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 Refined Petroleum. 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 (2021)$2.67B
IMPORTS (2021)$2.52B
NET TRADE (2021)$158M

In 2021, Portugal exported $2.67B in Refined Petroleum. The main destinations of Portugal exports on Refined Petroleum were United States ($826M), Spain ($578M), Gibraltar ($474M), Netherlands ($185M), and Morocco ($160M).

In 2021, Portugal imported $2.52B in Refined Petroleum, mainly from Spain ($1B), Russia ($411M), Netherlands ($221M), United Arab Emirates ($152M), and Belgium ($105M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Portugal WERE (2020 - 2021):
Gibraltar$271M (134%)
United States$266M (47.4%)
Spain$231M (66.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Portugal WERE (2020 - 2021):
Cape Verde-$95.7M (-84.1%)
Ghana-$27.3M (-100%)
United Kingdom-$24M (-65.8%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Portugal's main exporting competitors in Refined Petroleum were:
In 2021, Portugal's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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