2022
Exports
$1.39BWorld Rnk 22 / 203
Flag Rnk 6 / 1216
2022
PRODUCT COMPLEXITY IN Rubber Tires
0.16Rnk 500 / 1025
2022
Imports
$570MWorld Rnk 37 / 225
Flag Rnk 26 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $1.39B in Rubber Tires, making it the 22nd largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 6th most exported product in Portugal. The main destination of Rubber Tires exports from Portugal are: United States ($361M), Germany ($222M), Spain ($146M), South Korea ($66.1M), and France ($65.5M).

The fastest growing export markets for Rubber Tires of Portugal between 2021 and 2022 were United States ($68.6M), Slovakia ($33.4M), and Spain ($11.1M).

Imports In 2022, Portugal imported $570M in Rubber Tires, becoming the 37th largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 26th most imported product in Portugal. Portugal imports Rubber Tires primarily from: Spain ($237M), China ($42.6M), Germany ($38.1M), Netherlands ($34M), and India ($30.6M).

The fastest growing import markets in Rubber Tires for Portugal between 2021 and 2022 were Spain ($19.7M), Japan ($6.08M), and China ($3.9M).

COMPANIES In 2023, leading companies such as Continental Tire (5.24k), CONTINENTAL AUTOMOTIVE SYSTEMS, INC (14), and Pirelli Tires (10) were at the forefront of shipping Rubber Tires from Portugal to the United States.

Latest Trends

Aug 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 Rubber Tires. 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)$1.39B
IMPORTS (2022)$570M
NET TRADE (2022)$823M

In 2022, Portugal exported $1.39B in Rubber Tires. The main destinations of Portugal exports on Rubber Tires were United States ($361M), Germany ($222M), Spain ($146M), South Korea ($66.1M), and France ($65.5M).

In 2022, Portugal imported $570M in Rubber Tires, mainly from Spain ($237M), China ($42.6M), Germany ($38.1M), Netherlands ($34M), and India ($30.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
United States$68.6M (23.5%)
Slovakia$33.4M (106%)
Spain$11.1M (8.19%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Portugal WERE (2021 - 2022):
Hungary-$16.6M (-62.1%)
Morocco-$8.15M (-44.7%)
South Korea-$7.02M (-9.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Rubber Tires were:
In 2022, Portugal's main importing competitors in Rubber Tires were:

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $76.2M
TOP IMPORT POTENTIALChina+ $31.4M

Rubber Tires’s highest export potential is United States. With an export gap of $76.2M.   Rubber Tires’s highest import potential is China with an import gap of $31.4M.

See methodology.

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