2023
Exports
$6.06MWorld Rnk 48 / 187
Flag Rnk 650 / 1213
2023
PRODUCT COMPLEXITY IN Electromagnets
1.1Rnk 144 / 1025
2023
Imports
$27.3MWorld Rnk 41 / 216
Flag Rnk 488 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $6.06M in Electromagnets, making it the 48th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 650th most exported product in Portugal. The main destination of Electromagnets exports from Portugal are: France ($2.84M), Italy ($936k), Angola ($409k), Austria ($375k), and United States ($296k).

The fastest growing export markets for Electromagnets of Portugal between 2022 and 2023 were France ($1.32M), Angola ($239k), and Italy ($231k).

Imports In 2023, Portugal imported $27.3M in Electromagnets, becoming the 41st largest importer of Electromagnets in the world. At the same year, Electromagnets was the 488th most imported product in Portugal. Portugal imports Electromagnets primarily from: Germany ($8.23M), China ($7.8M), Spain ($4.91M), Switzerland ($1.16M), and Italy ($1.07M).

The fastest growing import markets in Electromagnets for Portugal between 2022 and 2023 were Denmark ($562k), China ($539k), and Spain ($480k).

COMPANIES In 2023, leading companies such as Robert Bosch (1) were at the forefront of shipping Electromagnets from Portugal to the United States.

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 Electromagnets. 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)$6.06M
IMPORTS (2023)$27.3M
NET TRADE (2023)-$21.2M

In 2023, Portugal exported $6.06M in Electromagnets. The main destinations of Portugal exports on Electromagnets were France ($2.84M), Italy ($936k), Angola ($409k), Austria ($375k), and United States ($296k).

In 2023, Portugal imported $27.3M in Electromagnets, mainly from Germany ($8.23M), China ($7.8M), Spain ($4.91M), Switzerland ($1.16M), and Italy ($1.07M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
France$1.32M (87.6%)
Angola$239k (140%)
Italy$231k (32.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Portugal WERE (2022 - 2023):
United States-$1.06M (-78.2%)
Germany-$774k (-91.6%)
Switzerland-$370k (-96.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Electromagnets were:
China $5.34B
Germany $1.17B
Japan $974M
In 2023, Portugal's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $856k
TOP IMPORT POTENTIALChina+ $3.89M

Electromagnets’s highest export potential is United States. With an export gap of $856k.   Electromagnets’s highest import potential is China with an import gap of $3.89M.

See methodology.

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