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2023
Exports $928MWorld Rnk 44 / 215
Flag Rnk 22 / 96
2023
Destination $92.8M Belgium
2022 - 2023
FASTEST GROWING MARKET $92.8MBelgium
2023
PRODUCT COMPLEXITY IN Organic chemicals1.84Rnk 10 / 1025
2023
Imports $3.12BWorld Rnk 30 / 225
Flag Rnk 8 / 96
2023
Origin $849M Ireland
2022 - 2023
FASTEST GROWING ORIGIN $849MIreland
2023
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $928M in Organic chemicals, making it the 44th largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 22nd most exported product in Portugal. The main destination of Organic chemicals exports from Portugal are: Belgium ($165M), United States ($131M), Switzerland ($127M), Turkey ($84.8M), and Spain ($79.5M).

The fastest growing export markets for Organic chemicals of Portugal between 2022 and 2023 were Belgium ($92.8M), Switzerland ($81.9M), and Latvia ($21.6M).

Imports In 2023, Portugal imported $3.12B in Organic chemicals, becoming the 30th 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: Ireland ($1.1B), Spain ($425M), Netherlands ($251M), China ($221M), and Italy ($148M).

The fastest growing import markets in Organic chemicals for Portugal between 2022 and 2023 were Ireland ($849M), Spain ($74M), and United States ($39.8M).

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

November 2024

About

Overview In November 2024 Portugal's Organic chemicals exports accounted up to €62.2M and imports accounted up to €232M, resulting in a negative trade balance of €170M. Between November 2023 and November 2024 the exports of Portugal's   Organic chemicals have increased by €21.3M (52.1%) from €40.9M to €62.2M, while imports increased by €92.4M (66.3%) from €139M to €232M.

Destinations In November 2024, Organic chemicals were exported mostly to Belgium (€14.5M), Ireland (€8.08M), United States (€7.64M), Spain (€7.16M), and Switzerland (€5.5M), and were imported mostly from Ireland (€37.6M), Spain (€25.5M), Sweden (€17.4M), China (€12.5M), and Austria (€12M).

Growth In November 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 November 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 (November 2023 - November 2024)€21.3M(52.1%)
IMPORT GROWTH (November 2023 - November 2024)€92.4M(66.3%)
MAIN DESTINATION (November 2024)Belgium€14.5M

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 (2023)$928M
IMPORTS (2023)$3.12B
NET TRADE (2023)-$2.19B

In 2023, Portugal exported $928M in Organic chemicals. The main destinations of Portugal exports on Organic chemicals were Belgium ($165M), United States ($131M), Switzerland ($127M), Turkey ($84.8M), and Spain ($79.5M).

In 2023, Portugal imported $3.12B in Organic chemicals, mainly from Ireland ($1.1B), Spain ($425M), Netherlands ($251M), China ($221M), and Italy ($148M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Belgium$92.8M (128%)
Switzerland$81.9M (183%)
Latvia$21.6M (616%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Portugal WERE (2022 - 2023):
Turkey-$160M (-65.3%)
Germany-$153M (-80.6%)
Spain-$121M (-60.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Portugal's main exporting competitors in Organic chemicals were:
China $95.6B
United States $49.5B
Ireland $40.2B
In 2023, Portugal's main importing competitors in Organic chemicals were:
United States $61.7B
China $45.8B
Germany $42.6B

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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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