2022
Exports
$24.3MWorld Rnk 19 / 203
Flag Rnk 400 / 1216
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$16.8MWorld Rnk 41 / 220
Flag Rnk 608 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $24.3M in Hand Tools, making it the 19th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 400th most exported product in Portugal. The main destination of Hand Tools exports from Portugal are: Netherlands ($9.65M), Spain ($2.9M), Germany ($2.83M), Singapore ($1.88M), and United States ($1.44M).

The fastest growing export markets for Hand Tools of Portugal between 2021 and 2022 were Angola ($185k), Australia ($155k), and Guatemala ($119k).

Imports In 2022, Portugal imported $16.8M in Hand Tools, becoming the 41st largest importer of Hand Tools in the world. At the same year, Hand Tools was the 608th most imported product in Portugal. Portugal imports Hand Tools primarily from: Spain ($6.6M), Netherlands ($2.8M), China ($2.38M), Germany ($1.57M), and France ($995k).

The fastest growing import markets in Hand Tools for Portugal between 2021 and 2022 were Spain ($631k), Germany ($258k), and India ($75k).

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 Hand Tools. 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)$24.3M
IMPORTS (2022)$16.8M
NET TRADE (2022)$7.56M

In 2022, Portugal exported $24.3M in Hand Tools. The main destinations of Portugal exports on Hand Tools were Netherlands ($9.65M), Spain ($2.9M), Germany ($2.83M), Singapore ($1.88M), and United States ($1.44M).

In 2022, Portugal imported $16.8M in Hand Tools, mainly from Spain ($6.6M), Netherlands ($2.8M), China ($2.38M), Germany ($1.57M), and France ($995k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Angola$185k (52.1%)
Australia$155k (168%)
Guatemala$119k (645%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Portugal WERE (2021 - 2022):
Germany-$1.52M (-35%)
Netherlands-$1.36M (-12.4%)
Spain-$310k (-9.67%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Hand Tools were:
In 2022, Portugal's main importing competitors in Hand Tools were:

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.5M
TOP IMPORT POTENTIALChina+ $1.16M

Hand Tools’s highest export potential is United States. With an export gap of $1.5M.   Hand Tools’s highest import potential is China with an import gap of $1.16M.

See methodology.

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