2023
Exports
$13.4MWorld Rnk 37 / 160
Flag Rnk 507 / 1213
2023
PRODUCT COMPLEXITY IN Electric Furnaces
1.62Rnk 31 / 1025
2023
Imports
$19.3MWorld Rnk 53 / 206
Flag Rnk 580 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $13.4M in Electric Furnaces, making it the 37th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 507th most exported product in Portugal. The main destination of Electric Furnaces exports from Portugal are: Brazil ($2.58M), France ($2.49M), Spain ($1.59M), India ($1.45M), and Mexico ($1.02M).

The fastest growing export markets for Electric Furnaces of Portugal between 2022 and 2023 were France ($1.64M), India ($1.42M), and Mexico ($933k).

Imports In 2023, Portugal imported $19.3M in Electric Furnaces, becoming the 53rd largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 580th most imported product in Portugal. Portugal imports Electric Furnaces primarily from: Germany ($6.43M), Spain ($3.36M), Italy ($3.23M), China ($1.62M), and Poland ($992k).

The fastest growing import markets in Electric Furnaces for Portugal between 2022 and 2023 were Germany ($1.39M), China ($1.28M), and Poland ($905k).

Latest Trends

Dec 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 Electric Furnaces. 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)$13.4M
IMPORTS (2023)$19.3M
NET TRADE (2023)-$5.8M

In 2023, Portugal exported $13.4M in Electric Furnaces. The main destinations of Portugal exports on Electric Furnaces were Brazil ($2.58M), France ($2.49M), Spain ($1.59M), India ($1.45M), and Mexico ($1.02M).

In 2023, Portugal imported $19.3M in Electric Furnaces, mainly from Germany ($6.43M), Spain ($3.36M), Italy ($3.23M), China ($1.62M), and Poland ($992k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
France$1.64M (193%)
India$1.42M (4.92k%)
Mexico$933k (1.08k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Portugal WERE (2022 - 2023):
Dominican Republic-$2.29M (-100%)
Angola-$390k (-31.7%)
United Kingdom-$216k (-95.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Electric Furnaces were:
China $1.28B
Italy $638M
In 2023, Portugal's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $595k
TOP IMPORT POTENTIALGermany+ $880k

Electric Furnaces’s highest export potential is Spain. With an export gap of $595k.   Electric Furnaces’s highest import potential is Germany with an import gap of $880k.

See methodology.

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