Overview In December 2022 Portugal exported €5.82B and imported €8.57B, resulting in a negative trade balance of €2.75B. Between December 2021 and December 2022 the exports of Portugal have increased by €569M (10.8%) from €5.25B to €5.82B, while imports increased by €889M (11.6%) from €7.68B to €8.57B.
Trade In December 2022, the top exports of Portugal were Cars, tractors, trucks & parts thereof. (€706M), Mineral fuels, mineral oils and products... (€501M), Electrical machinery and electronics (€486M), Machinery, mechanical appliances, & parts (€396M), and Plastics & articles thereof (€259M). In December 2022 the top imports of Portugal were Mineral fuels, mineral oils and products... (€1.1B), Cars, tractors, trucks & parts thereof. (€985M), Electrical machinery and electronics (€830M), Machinery, mechanical appliances, & parts (€695M), and Pharmaceutical products (€335M).
Destinations In December 2022, Portugal exported mostly to Spain (€1.53B), France (€706M), Germany (€603M), United States (€323M), and United Kingdom (€293M), and imported mostly from Spain (€2.92B), Germany (€1.07B), France (€570M), Netherlands (€448M), and Italy (€389M).
Growth In December 2022, the increase in Portugal's year-by-year exports was explained primarily by an increase in exports to Spain (€313M or 24.7%), France (€127M or 19.4%), and Germany (€94.6M or 18.2%), and product exports increase in Mineral fuels, mineral oils and products... (€167M or 63.2%), Plastics & articles thereof (€80.7M or 33.5%), and Electrical machinery and electronics (€78.4M or 21.1%). In December 2022, the increase in Portugal's year-by-year imports was explained primarily by an increase in imports from Spain (€574M or 31.4%), United States (€198M or 146%), and China (€174M or 64.8%), and product imports increase in Mineral fuels, mineral oils and products... (€566M or 115%), Iron & steel (€207M or 102%), and Plastics & articles thereof (€154M or 54.8%).