HS Icon Wrenches in  Flag Portugal

2018
Exports | Imports
: $2.42M | $11.7M, World Rnk 41 / 204
Flag Rnk 781 / 1210 | World Rnk 53 / 219
Flag Rnk 680 / 1210

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $228k | $429k, Angola |  China

2021
ECONOMIC COMPLEXITY of Portugal
: 0.56, Rnk 43 / 131

2021
PRODUCT COMPLEXITY IN Wrenches
: 1.65, Rnk 31 / 1029

Exports In 2018, Portugal exported $2.42M in Wrenches, making it the 41st largest exporter of Wrenches in the world. At the same year, Wrenches was the 781st most exported product in Portugal. The main destination of Wrenches exports from Portugal are: Angola ($667k), Spain ($570k), France ($189k), Switzerland ($187k), and Germany ($86.1k).

The fastest growing export markets for Wrenches of Portugal between 2020 and 2021 were Angola ($228k), Switzerland ($132k), and France ($88.7k).

Imports In 2021, Portugal imported $11.7M in Wrenches, becoming the 53rd largest importer of Wrenches in the world. At the same year, Wrenches was the 680th most imported product in Portugal. Portugal imports Wrenches primarily from: Spain ($2.15M), Germany ($1.86M), China ($1.47M), France ($1.32M), and Netherlands ($1.2M).

The fastest growing import markets in Wrenches for Portugal between 2020 and 2021 were China ($429k), Germany ($379k), and Italy ($358k).

Tariffs In 2019, the average tariff for Portugal in Wrenches was 0.62%. The countries with the highest import tariffs for Wrenches were Republic of the Congo (Most Favoured Nation duty rate treatment, 1.7%), Western Sahara (Most Favoured Nation duty rate treatment, 1.7%), Gabon (Most Favoured Nation duty rate treatment, 1.7%), Libya (Most Favoured Nation duty rate treatment, 1.7%), and Mayotte (Most Favoured Nation duty rate treatment, 1.7%).

N/A

Mar 2023

Subnational Monthly Trade

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Y-AXIS SCALE

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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

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EXPORTS (2021): $2.42M

IMPORTS (2021): $11.7M

NET TRADE (2021): -$9.31M

In 2021, Portugal exported $2.42M in Wrenches. The main destinations of Portugal exports on Wrenches were Angola ($667k), Spain ($570k), France ($189k), Switzerland ($187k), and Germany ($86.1k).

In 2021, Portugal imported $11.7M in Wrenches, mainly from Spain ($2.15M), Germany ($1.86M), China ($1.47M), France ($1.32M), and Netherlands ($1.2M).

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THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Portugal WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Portugal WERE (2020 - 2021):

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Market Concentration

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In 2021, Portugal's main exporting competitors in Wrenches were:

In 2021, Portugal's main importing competitors in Wrenches were:

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