2023
Exports
$4.95BWorld Rnk 28 / 210
Flag Rnk 1 / 1213
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$7.13BWorld Rnk 23 / 225
Flag Rnk 1 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $4.95B in Cars, making it the 28th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in Portugal. The main destination of Cars exports from Portugal are: Germany ($889M), Italy ($760M), France ($571M), United Kingdom ($488M), and Turkey ($400M).

The fastest growing export markets for Cars of Portugal between 2022 and 2023 were Turkey ($220M), Italy ($151M), and Australia ($103M).

Imports In 2023, Portugal imported $7.13B in Cars, becoming the 23rd largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Portugal. Portugal imports Cars primarily from: Spain ($2.09B), Germany ($1.55B), France ($1.11B), Belgium ($569M), and Netherlands ($299M).

The fastest growing import markets in Cars for Portugal between 2022 and 2023 were Spain ($759M), Germany ($282M), and Netherlands ($259M).

COMPANIES In 2023, leading companies such as IKEA Group (23) and Baxter Healthcare (4) were at the forefront of shipping Cars from Portugal to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. 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

Trade Balance

Color
EXPORTS (2023)$4.95B
IMPORTS (2023)$7.13B
NET TRADE (2023)-$2.18B

In 2023, Portugal exported $4.95B in Cars. The main destinations of Portugal exports on Cars were Germany ($889M), Italy ($760M), France ($571M), United Kingdom ($488M), and Turkey ($400M).

In 2023, Portugal imported $7.13B in Cars, mainly from Spain ($2.09B), Germany ($1.55B), France ($1.11B), Belgium ($569M), and Netherlands ($299M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Turkey$220M (122%)
Italy$151M (24.7%)
Australia$103M (129%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Portugal WERE (2022 - 2023):
Germany-$179M (-16.8%)
United Kingdom-$64.2M (-11.6%)
Austria-$55M (-48.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Portugal's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $253M
TOP IMPORT POTENTIALSpain+ $278M

Cars’s highest export potential is Spain. With an export gap of $253M.   Cars’s highest import potential is Spain with an import gap of $278M.

See methodology.

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