2022
Exports
$203MWorld Rnk 15 / 209
Flag Rnk 83 / 1216
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2022
Imports
$93.4MWorld Rnk 37 / 223
Flag Rnk 244 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $203M in Padlocks, making it the 15th largest exporter of Padlocks in the world. At the same year, Padlocks was the 83rd most exported product in Portugal. The main destination of Padlocks exports from Portugal are: Germany ($69.8M), Spain ($34.5M), France ($31.2M), United Kingdom ($12.5M), and Sweden ($9.24M).

The fastest growing export markets for Padlocks of Portugal between 2021 and 2022 were France ($7.36M), Germany ($6.16M), and Spain ($4.78M).

Imports In 2022, Portugal imported $93.4M in Padlocks, becoming the 37th largest importer of Padlocks in the world. At the same year, Padlocks was the 244th most imported product in Portugal. Portugal imports Padlocks primarily from: Spain ($35.8M), Germany ($14.9M), Italy ($10.1M), China ($9.69M), and Czechia ($4.95M).

The fastest growing import markets in Padlocks for Portugal between 2021 and 2022 were Bulgaria ($2.39M), Netherlands ($1.7M), and Spain ($1.65M).

COMPANIES In 2023, leading companies such as IKEA Group (12) and At Home Procurement (1) were at the forefront of shipping Padlocks from Portugal to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Padlocks. 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)$203M
IMPORTS (2022)$93.4M
NET TRADE (2022)$109M

In 2022, Portugal exported $203M in Padlocks. The main destinations of Portugal exports on Padlocks were Germany ($69.8M), Spain ($34.5M), France ($31.2M), United Kingdom ($12.5M), and Sweden ($9.24M).

In 2022, Portugal imported $93.4M in Padlocks, mainly from Spain ($35.8M), Germany ($14.9M), Italy ($10.1M), China ($9.69M), and Czechia ($4.95M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
France$7.36M (30.9%)
Germany$6.16M (9.68%)
Spain$4.78M (16.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Portugal WERE (2021 - 2022):
Sweden-$6.18M (-40.1%)
Belgium-$2.56M (-28.7%)
Italy-$1.72M (-54.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Portugal's main importing competitors in Padlocks were:

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.8M
TOP IMPORT POTENTIALChina+ $6.59M

Padlocks’s highest export potential is United States. With an export gap of $6.8M.   Padlocks’s highest import potential is China with an import gap of $6.59M.

See methodology.

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