2022
Exports | Imports
$5.08B | $17.9BWorld Rnk 67 / 216
Flag Rnk 4 / 96
World Rnk 39 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Portugal
0.58Rnk 40 / 124
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.33Rnk 442 / 1025

About

Exports In 2022, Portugal exported $5.08B in Mineral fuels, mineral oils and products of their distillation, making it the 67th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 4th most exported product in Portugal. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Portugal are: Spain ($1.76B), United States ($1.18B), Gibraltar ($549M), Netherlands ($542M), and United Kingdom ($223M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Portugal between 2021 and 2022 were Spain ($393M), United States ($319M), and Netherlands ($232M).

Imports In 2022, Portugal imported $17.9B in Mineral fuels, mineral oils and products of their distillation, becoming the 39th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Portugal. Portugal imports Mineral fuels, mineral oils and products of their distillation primarily from: Spain ($4.82B), Brazil ($2.78B), United States ($2.17B), Nigeria ($1.91B), and Algeria ($821M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Portugal between 2021 and 2022 were Spain ($1.97B), Brazil ($1.05B), and United States ($710M).

COMPANIES In 2023, leading companies such as AT HOME PROCUREMENT INC (26) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Portugal to the United States.

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)€-52.4M(-10.5%)
IMPORT GROWTH (December 2022 - December 2023)€-181M(-16.5%)
MAIN DESTINATION (December 2023)Other€140M

This section shows Mineral fuels, mineral oils and products of their distillation's exports and imports data at subnational level for Portugal. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Mineral fuels, mineral oils and products of their distillation over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.08B
IMPORTS (2022)$17.9B
NET TRADE (2022)-$12.8B

In 2022, Portugal exported $5.08B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Portugal exports on Mineral fuels, mineral oils and products of their distillation were Spain ($1.76B), United States ($1.18B), Gibraltar ($549M), Netherlands ($542M), and United Kingdom ($223M).

In 2022, Portugal imported $17.9B in Mineral fuels, mineral oils and products of their distillation, mainly from Spain ($4.82B), Brazil ($2.78B), United States ($2.17B), Nigeria ($1.91B), and Algeria ($821M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$393M (28.8%)
United States$319M (37.3%)
Netherlands$232M (74.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Portugal WERE (2021 - 2022):
Morocco-$132M (-80.4%)
Belgium-$42M (-30.6%)
Italy-$18.8M (-31.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Portugal's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

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