HS Icon Vehicle Parts in  Flag Portugal

2019
Exports | Imports
: $3.29B | $3.03B, World Rnk 25 / 225
Flag Rnk 2 / 1208 | World Rnk 28 / 225
Flag Rnk 4 / 1210

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

2019
PRODUCT COMPLEXITY  IN Vehicle Parts
: 1.1, Rnk 141 / 1029

Exports In 2019, Portugal exported $3.29B in Vehicle Parts, making it the 25th largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 2nd most exported product in Portugal. The main destination of Vehicle Parts exports from Portugal are: Spain ($1.41B), France ($633M), Germany ($312M), United Kingdom ($254M), and Romania ($84.4M).

The fastest growing export markets for Vehicle Parts of Portugal between 2018 and 2019 were China ($22M), Spain ($13.2M), and Slovakia ($8.89M).

Imports In 2019, Portugal imported $3.03B in Vehicle Parts, becoming the 28th largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 4th most imported product in Portugal. Portugal imports Vehicle Parts primarily from: Spain ($1.23B), Germany ($685M), France ($281M), Czechia ($133M), and Italy ($125M).

Tariffs In 2017, the average tariff for Portugal in Vehicle Parts was 1.13%. The countries with the highest import tariffs for Vehicle Parts were Western Sahara (Most Favoured Nation duty rate treatement, 3.81%), Gabon (Most Favoured Nation duty rate treatement, 3.81%), Libya (Most Favoured Nation duty rate treatement, 3.81%), Mayotte (Most Favoured Nation duty rate treatement, 3.81%), and Reunion (Most Favoured Nation duty rate treatement, 3.81%).

Historical Data

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EXPORTS (2019): $3.29B

IMPORTS (2019): $3.03B

NET TRADE (2019): $262M

In 2019, Portugal exported $3.29B in Vehicle Parts. The main destinations of Portugal exports on Vehicle Parts were Spain ($1.41B), France ($633M), Germany ($312M), United Kingdom ($254M), and Romania ($84.4M).

In 2019, Portugal imported $3.03B in Vehicle Parts, mainly from Spain ($1.23B), Germany ($685M), France ($281M), Czechia ($133M), and Italy ($125M).

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IN 2019, Portugal HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:

IN 2019, Portugal HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:

Flow

THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR Portugal WERE (2018 - 2019):

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

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Market Concentration

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Flow
Type

In 2019, Portugal's main exporting competitors in Vehicle Parts were:

In 2019, Portugal's main importing competitors in Vehicle Parts were:

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Tariffs by Country

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In 2017, the average tariff for Portugal in Vehicle Parts was 1.13%.

The countries with the highest tariffs for Vehicle Parts in Portugal were Western Sahara (Most Favoured Nation duty rate treatement, 3.81%), Gabon (Most Favoured Nation duty rate treatement, 3.81%), Libya (Most Favoured Nation duty rate treatement, 3.81%), Mayotte (Most Favoured Nation duty rate treatement, 3.81%), and Reunion (Most Favoured Nation duty rate treatement, 3.81%).