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Region in Portugal

Exports (Apr 2024)€2.23B1 of 7
Imports (Apr 2024)€2.07B2 of 7

About

Overview This page contains the latest international trade data for North. In 2023 North was the number 1 in total exports (of a total of 7 regions) and the number 2 in total imports (of a total of 7 regions) in Portugal.

Exports In 2023, North exported €27.1B, making it the 1st largest exporter out of the 7 regions in Portugal. In 2023 the most exported products in monetary terms were Cars, tractors, trucks & parts thereof. (€2.58B), Electrical machinery and electronics (€2.12B), Knitted clothing accesories (€2.08B), and Machinery, mechanical appliances, & parts (€1.76B).

Imports In 2023, North imported €24B, making it the 2nd largest importer out of the 7 regions in Portugal. In 2023 the main imported products in monetary terms were Electrical machinery and electronics (€2.91B), Machinery, mechanical appliances, & parts (€2.34B), Cars, tractors, trucks & parts thereof. (€2.09B), and Plastics & articles thereof (€1.67B).

Latest Trends

April 2024

About

OVERVIEW In April 2024 North exported €2.23B and imported €2.07B, resulting in a positive trade balance of €162M. Between April 2023 and April 2024 the exports of North have increased by €173M (8.38%) from €2.06B to €2.23B, while imports increased by €160M (8.39%) from €1.91B to €2.07B.

TRADE In April 2024, the top exports of North were Cars, tractors, trucks & parts thereof. (€214M), Electrical machinery and electronics (€194M), Machinery, mechanical appliances, & parts (€152M), and Knitted clothing accesories (€142M). In April 2024 the top imports of North were Electrical machinery and electronics (€280M), Machinery, mechanical appliances, & parts (€184M), Cars, tractors, trucks & parts thereof. (€176M), and Plastics & articles thereof (€152M).

EXPORT GROWTH In April 2024, the increase in North's year-by-year exports was explained primarily by the increase in exports of products such as Electrical machinery and electronics (€30.8M or 18.9%), Optical, photo, & film equipment; medical... (€15.1M or 18%), and Cars, tractors, trucks & parts thereof. (€13.9M or 6.93%).

IMPORT GROWTH In April 2024, the increase in North's year-by-year imports was explained primarily by the decrease in imports of products such Electrical machinery and electronics (€80M or 39.9%), Iron & steel (€19.2M or 15.6%), and Cars, tractors, trucks & parts thereof. (€17.5M or 11%).

Latest Data

Time Scale
Time Scale
Color
Export Growth (Apr 2023 - Apr 2024)€173M(8.38%)
Import Growth (Apr 2023 - Apr 2024)€160M8.39%

This section shows exports and imports data at subnational level for North. Click anywhere on the line chart to filter the data presented in the product treemap by date. Likewise, you can select any product from the treemap to see the evolution of the export or import amounts of that product over time. Additionally, you can study the growth and percentage growth by changing the options selected in the buttons.

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Trade

Trade Balance

Exports€27.1B2023
Imports€24B2023

In 2023, North's exports amounted to €27.1B, while imports reached an amount of €24B. As a result, the trade balance resulted in a surplus of €3.06B.

The graph shows the annual evolution of the net trade value by products in North. Those products with a positive balance are net exporters (the value of their exports exceeds imports). On the contrary, products with a negative balance are net importers (the value of imports exceeds exports). The line represents the trade balance for each year.

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Yearly Trade

Time Scale
Color

In 2023 the top exports of North were Cars, tractors, trucks & parts thereof. (€2.58B), Electrical machinery and electronics (€2.12B), Knitted clothing accesories (€2.08B), and Machinery, mechanical appliances, & parts (€1.76B).

In 2023 the top imports of North were Electrical machinery and electronics (€2.91B), Machinery, mechanical appliances, & parts (€2.34B), Cars, tractors, trucks & parts thereof. (€2.09B), and Plastics & articles thereof (€1.67B).

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Product Share

Time Scale
Y-Axis

In 2023, the most relevant exports of North were Textiles (€4.41B, equivalent to 16.3% of total imports) and Machines (€3.88B, equivalent to 14.3% of total imports).

In 2023, the most relevant imports of North were Machines (€5.26B, equivalent to 21.9% of total imports) and Metals (€3.09B, equivalent to 12.9% of total imports).

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