2022
Exports
$149MWorld Rnk 40 / 216
Flag Rnk 119 / 1216
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$314MWorld Rnk 40 / 226
Flag Rnk 69 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $149M in Electric Motors, making it the 40th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 119th most exported product in Portugal. The main destination of Electric Motors exports from Portugal are: France ($22.8M), Spain ($20.8M), Germany ($19.7M), South Africa ($11.7M), and Italy ($8.5M).

The fastest growing export markets for Electric Motors of Portugal between 2021 and 2022 were Spain ($7.88M), South Africa ($7.44M), and Brazil ($2.7M).

Imports In 2022, Portugal imported $314M in Electric Motors, becoming the 40th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 69th most imported product in Portugal. Portugal imports Electric Motors primarily from: Germany ($86.9M), China ($61.9M), Switzerland ($40.5M), France ($38.2M), and Spain ($25.6M).

The fastest growing import markets in Electric Motors for Portugal between 2021 and 2022 were France ($12.4M), Switzerland ($12.2M), and China ($12M).

COMPANIES In 2023, leading companies such as IKEA Group (1) and ABB Motors and Mechanical (1) were at the forefront of shipping Electric Motors from Portugal to the United States.

Latest Trends

Jul 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 Motors. 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)$149M
IMPORTS (2022)$314M
NET TRADE (2022)-$165M

In 2022, Portugal exported $149M in Electric Motors. The main destinations of Portugal exports on Electric Motors were France ($22.8M), Spain ($20.8M), Germany ($19.7M), South Africa ($11.7M), and Italy ($8.5M).

In 2022, Portugal imported $314M in Electric Motors, mainly from Germany ($86.9M), China ($61.9M), Switzerland ($40.5M), France ($38.2M), and Spain ($25.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$7.88M (61.1%)
South Africa$7.44M (174%)
Brazil$2.7M (773%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Portugal WERE (2021 - 2022):
Germany-$12.8M (-39.4%)
Russia-$2.61M (-95.1%)
China-$1.58M (-59.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Portugal's main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.1M
TOP IMPORT POTENTIALChina+ $25.5M

Electric Motors’s highest export potential is Germany. With an export gap of $13.1M.   Electric Motors’s highest import potential is China with an import gap of $25.5M.

See methodology.

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