2022
Exports
$21.2kWorld Rnk 112 / 149
Flag Rnk 1163 / 1216
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$7.07BWorld Rnk 24 / 158
Flag Rnk 1 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $21.2k in Crude Petroleum, making it the 112th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1163rd most exported product in Portugal. The main destination of Crude Petroleum exports from Portugal are: Mozambique ($12.5k), Netherlands ($6.16k), and Angola ($2.61k).

The fastest growing export markets for Crude Petroleum of Portugal between 2021 and 2022 were Mozambique ($8.79k), Netherlands ($6.08k), and Angola ($2.33k).

Imports In 2022, Portugal imported $7.07B in Crude Petroleum, becoming the 24th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Portugal. Portugal imports Crude Petroleum primarily from: Brazil ($2.55B), Nigeria ($1.1B), Algeria ($808M), Azerbaijan ($756M), and Angola ($583M).

The fastest growing import markets in Crude Petroleum for Portugal between 2021 and 2022 were Brazil ($894M), Algeria ($687M), and Angola ($525M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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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 Crude Petroleum. 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 (2022)$21.2k
IMPORTS (2022)$7.07B
NET TRADE (2022)-$7.07B

In 2022, Portugal exported $21.2k in Crude Petroleum. The main destinations of Portugal exports on Crude Petroleum were Mozambique ($12.5k), Netherlands ($6.16k), and Angola ($2.61k).

In 2022, Portugal imported $7.07B in Crude Petroleum, mainly from Brazil ($2.55B), Nigeria ($1.1B), Algeria ($808M), Azerbaijan ($756M), and Angola ($583M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Mozambique$8.79k (238%)
Netherlands$6.08k (7.79k%)
Angola$2.33k (855%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Portugal WERE (2021 - 2022):Spain-$27M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Crude Petroleum were:
In 2022, Portugal's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $18.9k
TOP IMPORT POTENTIALUnited States+ $309M

Crude Petroleum’s highest export potential is Netherlands. With an export gap of $18.9k.   Crude Petroleum’s highest import potential is United States with an import gap of $309M.

See methodology.

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