HS Icon Refined Petroleum in  Flag Portugal

2019
Exports | Imports
: $2.23B | $2.02B, World Rnk 40 / 214
Flag Rnk 3 / 1208 | World Rnk 66 / 225
Flag Rnk 6 / 1210

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $58.4M | $105M, France |  Brazil

2019
ECONOMIC COMPLEXITY of Portugal
: 0.51, Rnk 49 / 147

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports In 2019, Portugal exported $2.23B in Refined Petroleum, making it the 40th 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 ($797M), Spain ($453M), Netherlands ($225M), Morocco ($193M), and France ($148M).

The fastest growing export markets for Refined Petroleum of Portugal between 2018 and 2019 were France ($58.4M), Togo ($23.7M), and Slovenia ($23.3M).

Imports In 2019, Portugal imported $2.02B in Refined Petroleum, becoming the 66th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most imported product in Portugal. Portugal imports Refined Petroleum primarily from: Spain ($787M), Belgium ($263M), Brazil ($135M), Russia ($119M), and Netherlands ($105M).

The fastest growing import markets in Refined Petroleum for Portugal between 2018 and 2019 were Brazil ($105M), Belgium ($97.3M), and India ($74.3M).

Tariffs In 2017, the average tariff for Portugal in Refined Petroleum was 0.75%. The countries with the highest import tariffs for Refined Petroleum were Western Sahara (Most Favoured Nation duty rate treatement, 2.54%), Gabon (Most Favoured Nation duty rate treatement, 2.54%), Libya (Most Favoured Nation duty rate treatement, 2.54%), Mayotte (Most Favoured Nation duty rate treatement, 2.54%), and Reunion (Most Favoured Nation duty rate treatement, 2.54%).

Historical Data

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EXPORTS (2019): $2.23B

IMPORTS (2019): $2.02B

NET TRADE (2019): $204M

In 2019, Portugal exported $2.23B in Refined Petroleum. The main destinations of Portugal exports on Refined Petroleum were United States ($797M), Spain ($453M), Netherlands ($225M), Morocco ($193M), and France ($148M).

In 2019, Portugal imported $2.02B in Refined Petroleum, mainly from Spain ($787M), Belgium ($263M), Brazil ($135M), Russia ($119M), and Netherlands ($105M).

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IN 2019, Portugal HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Portugal HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Portugal WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Portugal WERE (2018 - 2019):

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Market Concentration

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In 2019, Portugal's main exporting competitors in Refined Petroleum were:

In 2019, Portugal's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2017, the average tariff for Portugal in Refined Petroleum was 0.75%.

The countries with the highest tariffs for Refined Petroleum in Portugal were Western Sahara (Most Favoured Nation duty rate treatement, 2.54%), Gabon (Most Favoured Nation duty rate treatement, 2.54%), Libya (Most Favoured Nation duty rate treatement, 2.54%), Mayotte (Most Favoured Nation duty rate treatement, 2.54%), and Reunion (Most Favoured Nation duty rate treatement, 2.54%).