Electrical machinery and electronics in Portugal | The Observatory of Economic Complexity

About

Exports In 2023, Portugal exported $7.46B in Electrical machinery and electronics, making it the 38th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 2nd most exported product in Portugal. The main destination of Electrical machinery and electronics exports from Portugal are: Germany ($1.31B), Spain ($838M), France ($675M), China ($526M), and United States ($503M).

The fastest growing export markets for Electrical machinery and electronics of Portugal between 2022 and 2023 were Spain ($178M), France ($171M), and Morocco ($67M).

Imports In 2023, Portugal imported $11.1B in Electrical machinery and electronics, becoming the 40th largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 3rd most imported product in Portugal. Portugal imports Electrical machinery and electronics primarily from: Spain ($2.5B), Germany ($2.25B), China ($2.05B), Netherlands ($794M), and France ($456M).

The fastest growing import markets in Electrical machinery and electronics for Portugal between 2022 and 2023 were Spain ($219M), Singapore ($43.8M), and Hungary ($41.4M).

COMPANIES In 2023, leading companies such as TE Connectivity (389), Home Depot (108), and Robert Bosch (17) were at the forefront of shipping Electrical machinery and electronics from Portugal to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Portugal's Electrical machinery and electronics exports accounted up to €607M and imports accounted up to €956M, resulting in a negative trade balance of €349M. Between November 2023 and November 2024 the exports of Portugal's Electrical machinery and electronics have decreased by €-28M (-4.41%) from €635M to €607M, while imports decreased by €-7.2M (-0.75%) from €963M to €956M.

Destinations In November 2024, Electrical machinery and electronics were exported mostly to Germany (€149M), Spain (€128M), France (€54.2M), Belgium (€27M), and United Kingdom (€23.1M), and were imported mostly from Spain (€238M), Germany (€190M), China (€136M), France (€29.8M), and Italy (€28.3M).

Growth In November 2024, the decrease in Electrical machinery and electronics's year-by-year exports was explained primarily by a decrease in exports to Spain (€-8.88M or -9.71%), Greece (€-2.44M or -62.5%), and Mexico (€-1.71M or -58.4%). In November 2024, the decrease in Electrical machinery and electronics's year-by-year imports was explained primarily by a decrease in imports from France (€-8.95M or -20.6%), Hungary (€-6.34M or -52.4%), and Benin (€-3.47M or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€-28M(-4.41%)

IMPORT GROWTH (November 2023 - November 2024)€-7.2M(-0.75%)

MAIN DESTINATION (November 2024)Germany€149M

This section shows Electrical machinery and electronics'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 Electrical machinery and electronics over time.

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