2023
Exports
$79.4MWorld Rnk 24 / 150
Flag Rnk 207 / 1213
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2023
Imports
$123MWorld Rnk 29 / 216
Flag Rnk 193 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $79.4M in Seed Oils, making it the 24th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 207th most exported product in Portugal. The main destination of Seed Oils exports from Portugal are: Spain ($64.7M), South Africa ($5.91M), Seychelles ($961k), France ($886k), and Angola ($722k).

The fastest growing export markets for Seed Oils of Portugal between 2022 and 2023 were Spain ($16.3M), South Africa ($5.86M), and Cuba ($658k).

Imports In 2023, Portugal imported $123M in Seed Oils, becoming the 29th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 193rd most imported product in Portugal. Portugal imports Seed Oils primarily from: Spain ($74.3M), France ($24.1M), Ukraine ($15.4M), Moldova ($5.31M), and Belgium ($2.04M).

The fastest growing import markets in Seed Oils for Portugal between 2022 and 2023 were France ($18.7M), Spain ($10.6M), and Ukraine ($6.11M).

Latest Trends

Dec 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 Seed Oils. 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 (2023)$79.4M
IMPORTS (2023)$123M
NET TRADE (2023)-$43.6M

In 2023, Portugal exported $79.4M in Seed Oils. The main destinations of Portugal exports on Seed Oils were Spain ($64.7M), South Africa ($5.91M), Seychelles ($961k), France ($886k), and Angola ($722k).

In 2023, Portugal imported $123M in Seed Oils, mainly from Spain ($74.3M), France ($24.1M), Ukraine ($15.4M), Moldova ($5.31M), and Belgium ($2.04M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Spain$16.3M (33.8%)
South Africa$5.86M (14.3k%)
Cuba$658k (7.76k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Portugal WERE (2022 - 2023):
Germany-$3.98M (-89.7%)
United Kingdom-$2.86M (-97.1%)
South Korea-$1.32M (-87.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Portugal's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.75M
TOP IMPORT POTENTIALUkraine+ $6.89M

Seed Oils’s highest export potential is Germany. With an export gap of $2.75M.   Seed Oils’s highest import potential is Ukraine with an import gap of $6.89M.

See methodology.

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