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Pricing

2022
Exports $1.66BWorld Rnk 37 / 214
Flag Rnk 15 / 96
2022
Destination $55.2M Spain
2021 - 2022
FASTEST GROWING MARKET $55.2MArgentina
2022
PRODUCT COMPLEXITY IN Organic chemicals1.95Rnk 8 / 1025
2022
Imports $2.6BWorld Rnk 37 / 225
Flag Rnk 8 / 96
2022
Origin $77M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $77MNetherlands
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $1.66B in Organic chemicals, making it the 37th largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 15th most exported product in Portugal. The main destination of Organic chemicals exports from Portugal are: Spain ($241M), Turkey ($232M), Germany ($197M), Denmark ($155M), and United States ($153M).

The fastest growing export markets for Organic chemicals of Portugal between 2021 and 2022 were Argentina ($55.2M), Denmark ($50.7M), and United States ($42.4M).

Imports In 2022, Portugal imported $2.6B in Organic chemicals, becoming the 37th largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 8th most imported product in Portugal. Portugal imports Organic chemicals primarily from: Netherlands ($406M), Spain ($319M), China ($255M), Ireland ($243M), and Saudi Arabia ($222M).

The fastest growing import markets in Organic chemicals for Portugal between 2021 and 2022 were Netherlands ($77M), China ($70.9M), and Saudi Arabia ($59M).

COMPANIES In 2023, leading companies such as IKEA Group (170), Brose Mechatronic Systems (76), and Goya Foods (8) were at the forefront of shipping Organic chemicals from Portugal to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Portugal's Organic chemicals exports accounted up to €60M and imports accounted up to €146M, resulting in a negative trade balance of €86.3M. Between August 2023 and August 2024 the exports of Portugal's   Organic chemicals have increased by €6.4M (11.9%) from €53.6M to €60M, while imports increased by €11.2M (8.27%) from €135M to €146M.

Destinations In August 2024, Organic chemicals were exported mostly to United States (€9.94M), Spain (€9.58M), France (€9.03M), Switzerland (€8.22M), and United Kingdom (€4.43M), and were imported mostly from Spain (€22.7M), Italy (€16.3M), China (€13.4M), France (€11.4M), and Germany (€10.9M).

Growth In August 2024, the increase in Organic chemicals's year-by-year exports was explained primarily by an increase in exports to United States (€7.38M or 103%), Ireland (€2M or 1.06M%), and United Kingdom (€1.56M or 39.6%). In August 2024, the increase in Organic chemicals's year-by-year imports was explained primarily by an increase in imports from Spain (€28.4M or 137%), India (€13.4M or 316%), and Ireland (€12.1M or 195%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€6.4M(11.9%)
IMPORT GROWTH (August 2023 - August 2024)€11.2M(8.27%)
MAIN DESTINATION (August 2024)United States€9.94M

This section shows Organic chemicals'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 Organic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.66B
IMPORTS (2022)$2.6B
NET TRADE (2022)-$942M

In 2022, Portugal exported $1.66B in Organic chemicals. The main destinations of Portugal exports on Organic chemicals were Spain ($241M), Turkey ($232M), Germany ($197M), Denmark ($155M), and United States ($153M).

In 2022, Portugal imported $2.6B in Organic chemicals, mainly from Netherlands ($406M), Spain ($319M), China ($255M), Ireland ($243M), and Saudi Arabia ($222M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Argentina$55.2M (127%)
Denmark$50.7M (48.4%)
United States$42.4M (38.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Portugal WERE (2021 - 2022):
United Kingdom-$43.3M (-50.3%)
Netherlands-$26.1M (-32.5%)
Algeria-$24.1M (-96.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Organic chemicals were:
China $110B
United States $51.7B
Ireland $45.7B
In 2022, Portugal's main importing competitors in Organic chemicals were:
United States $68.6B
China $51.6B
Germany $47.2B

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Trade Value of Organic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26M
TOP IMPORT POTENTIALChina+ $90M

Organic chemicals’s highest export potential is United States. With an export gap of $26M.   Organic chemicals’s highest import potential is China with an import gap of $90M.

See methodology.

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