Cars, tractors, trucks & parts thereof. in Portugal | The Observatory of Economic Complexity

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Exports In 2023, Portugal exported $10.9B in Cars, tractors, trucks & parts thereof., making it the 28th largest exporter of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 1st most exported product in Portugal. The main destination of Cars, tractors, trucks & parts thereof. exports from Portugal are: Spain ($2.12B), France ($1.86B), Germany ($1.38B), Italy ($1.03B), and United Kingdom ($719M).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of Portugal between 2022 and 2023 were Spain ($522M), France ($280M), and Italy ($266M).

Imports In 2023, Portugal imported $13.5B in Cars, tractors, trucks & parts thereof., becoming the 28th largest importer of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 1st most imported product in Portugal. Portugal imports Cars, tractors, trucks & parts thereof. primarily from: Spain ($4.06B), Germany ($2.79B), France ($1.91B), Belgium ($843M), and Netherlands ($502M).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for Portugal between 2022 and 2023 were Spain ($1.06B), France ($336M), and Netherlands ($288M).

COMPANIES In 2023, leading companies such as Robert Bosch (32), IKEA Group (23), and CNH Industrial (18) were at the forefront of shipping Cars, tractors, trucks & parts thereof. from Portugal to the United States.

Latest Trends

November 2024

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Overview In November 2024 Portugal's Cars, tractors, trucks & parts thereof. exports accounted up to €887M and imports accounted up to €1.06B, resulting in a negative trade balance of €169M. Between November 2023 and November 2024 the exports of Portugal's Cars, tractors, trucks & parts thereof. have decreased by €-97.3M (-9.89%) from €984M to €887M, while imports decreased by €-120M (-10.2%) from €1.18B to €1.06B.

Destinations In November 2024, Cars, tractors, trucks & parts thereof. were exported mostly to Spain (€243M), Germany (€220M), France (€94.3M), Italy (€61.4M), and United Kingdom (€53.9M), and were imported mostly from Spain (€312M), Germany (€205M), France (€142M), Belgium (€92.4M), and Turkey (€32.9M).

Growth In November 2024, the decrease in Cars, tractors, trucks & parts thereof.'s year-by-year exports was explained primarily by a decrease in exports to France (€-45.2M or -28.5%), Spain (€-10.3M or -4.6%), and Sweden (€-3.38M or -40.5%). In November 2024, the decrease in Cars, tractors, trucks & parts thereof.'s year-by-year imports was explained primarily by a decrease in imports from Japan (€-5.9M or -37.2%), China (€-4.01M or -17.8%), and South Korea (€-1.16M or -30.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€-97.3M(-9.89%)

IMPORT GROWTH (November 2023 - November 2024)€-120M(-10.2%)

MAIN DESTINATION (November 2024)Spain€243M

This section shows Cars, tractors, trucks & parts thereof.'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 Cars, tractors, trucks & parts thereof. over time.

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