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2022
Exports $274MWorld Rnk 29 / 226
Flag Rnk 53 / 96
2022
Destination $4.62M Spain
2021 - 2022
FASTEST GROWING MARKET $4.62MSpain
2022
PRODUCT COMPLEXITY IN Tools & cutlery1.7Rnk 24 / 1025
2022
Imports $327MWorld Rnk 44 / 225
Flag Rnk 55 / 96
2022
Origin $13.2M Spain
2021 - 2022
FASTEST GROWING ORIGIN $13.2MSpain
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $274M in Tools & cutlery, making it the 29th largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 53rd most exported product in Portugal. The main destination of Tools & cutlery exports from Portugal are: Spain ($62.5M), Germany ($37.6M), France ($18.3M), Netherlands ($15.3M), and United States ($14.6M).

The fastest growing export markets for Tools & cutlery of Portugal between 2021 and 2022 were Spain ($4.62M), Angola ($3.27M), and Bulgaria ($2.86M).

Imports In 2022, Portugal imported $327M in Tools & cutlery, becoming the 44th largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 55th most imported product in Portugal. Portugal imports Tools & cutlery primarily from: Spain ($113M), Germany ($50.1M), China ($37.6M), Italy ($22.8M), and Netherlands ($20M).

The fastest growing import markets in Tools & cutlery for Portugal between 2021 and 2022 were Spain ($13.2M), Netherlands ($2.8M), and Germany ($2.21M).

COMPANIES In 2023, leading companies such as Porsche (8) and Home Depot (6) were at the forefront of shipping Tools & cutlery from Portugal to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Portugal's Tools & cutlery exports accounted up to €38.3M and imports accounted up to €57.9M, resulting in a negative trade balance of €19.7M. Between September 2023 and September 2024 the exports of Portugal's   Tools & cutlery have increased by €19.3M (102%) from €19M to €38.3M, while imports increased by €32.2M (125%) from €25.7M to €57.9M.

Destinations In September 2024, Tools & cutlery were exported mostly to Spain (€9.13M), Germany (€6.13M), France (€2.86M), United States (€2.49M), and Turkey (€1.46M), and were imported mostly from Spain (€16.6M), China (€11.1M), Germany (€10.1M), Belgium (€4.08M), and France (€3.07M).

Growth In September 2024, the increase in Tools & cutlery's year-by-year exports was explained primarily by an increase in exports to Bulgaria (€1.06M or 13.2k%), France (€751k or 62.2%), and Morocco (€673k or 578%). In September 2024, the increase in Tools & cutlery's year-by-year imports was explained primarily by an increase in imports from Germany (€1.23M or 27.8%), Spain (€561k or 7.94%), and Italy (€471k or 44.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€19.3M(102%)
IMPORT GROWTH (September 2023 - September 2024)€32.2M(125%)
MAIN DESTINATION (September 2024)Spain€9.13M

This section shows Tools & cutlery'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 Tools & cutlery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$274M
IMPORTS (2022)$327M
NET TRADE (2022)-$52.7M

In 2022, Portugal exported $274M in Tools & cutlery. The main destinations of Portugal exports on Tools & cutlery were Spain ($62.5M), Germany ($37.6M), France ($18.3M), Netherlands ($15.3M), and United States ($14.6M).

In 2022, Portugal imported $327M in Tools & cutlery, mainly from Spain ($113M), Germany ($50.1M), China ($37.6M), Italy ($22.8M), and Netherlands ($20M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$4.62M (7.99%)
Angola$3.27M (50.5%)
Bulgaria$2.86M (653%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY Portugal WERE (2021 - 2022):
Belgium-$2.76M (-25.3%)
Netherlands-$2.72M (-15.1%)
Romania-$1.75M (-47.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Tools & cutlery were:
China $23.6B
Germany $9.45B
United States $4.88B
In 2022, Portugal's main importing competitors in Tools & cutlery were:
United States $12.5B
Germany $6.36B
Netherlands $3.05B

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $10.3M
TOP IMPORT POTENTIALChina+ $21.3M

Tools & cutlery’s highest export potential is Germany. With an export gap of $10.3M.   Tools & cutlery’s highest import potential is China with an import gap of $21.3M.

See methodology.

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