2022
Exports
$2.51MWorld Rnk 41 / 200
Flag Rnk 785 / 1216
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$12.9MWorld Rnk 50 / 219
Flag Rnk 678 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $2.51M in Wrenches, making it the 41st largest exporter of Wrenches in the world. At the same year, Wrenches was the 785th most exported product in Portugal. The main destination of Wrenches exports from Portugal are: Angola ($710k), Spain ($414k), France ($177k), Thailand ($176k), and United Kingdom ($163k).

The fastest growing export markets for Wrenches of Portugal between 2021 and 2022 were United Kingdom ($147k), Thailand ($95.9k), and Poland ($93.4k).

Imports In 2022, Portugal imported $12.9M in Wrenches, becoming the 50th largest importer of Wrenches in the world. At the same year, Wrenches was the 678th most imported product in Portugal. Portugal imports Wrenches primarily from: Spain ($2.32M), Germany ($2.32M), China ($2.03M), Netherlands ($1.7M), and France ($1.24M).

The fastest growing import markets in Wrenches for Portugal between 2021 and 2022 were China ($561k), Netherlands ($495k), and Germany ($459k).

COMPANIES In 2023, leading companies such as Porsche (8) were at the forefront of shipping Wrenches 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 Wrenches. 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)$2.51M
IMPORTS (2022)$12.9M
NET TRADE (2022)-$10.4M

In 2022, Portugal exported $2.51M in Wrenches. The main destinations of Portugal exports on Wrenches were Angola ($710k), Spain ($414k), France ($177k), Thailand ($176k), and United Kingdom ($163k).

In 2022, Portugal imported $12.9M in Wrenches, mainly from Spain ($2.32M), Germany ($2.32M), China ($2.03M), Netherlands ($1.7M), and France ($1.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
United Kingdom$147k (903%)
Thailand$95.9k (120%)
Poland$93.4k (341%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Portugal WERE (2021 - 2022):
Spain-$153k (-27%)
Switzerland-$95k (-49.1%)
Sweden-$35.9k (-97.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $231k
TOP IMPORT POTENTIALChina+ $1.04M

Wrenches’s highest export potential is Spain. With an export gap of $231k.   Wrenches’s highest import potential is China with an import gap of $1.04M.

See methodology.

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