2023
Exports
$103MWorld Rnk 74 / 163
Flag Rnk 166 / 1213
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$2.33BWorld Rnk 36 / 220
Flag Rnk 6 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $103M in Petroleum Gas, making it the 74th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 166th most exported product in Portugal. The main destination of Petroleum Gas exports from Portugal are: Spain ($42.1M), Germany ($24.8M), Morocco ($21.6M), Tunisia ($6.89M), and Poland ($2.37M).

The fastest growing export markets for Petroleum Gas of Portugal between 2022 and 2023 were Germany ($24.8M), Morocco ($15.3M), and Tunisia ($2.98M).

Imports In 2023, Portugal imported $2.33B in Petroleum Gas, becoming the 36th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 6th most imported product in Portugal. Portugal imports Petroleum Gas primarily from: United States ($870M), Spain ($523M), Nigeria ($508M), Russia ($207M), and Trinidad and Tobago ($98.6M).

The fastest growing import markets in Petroleum Gas for Portugal between 2022 and 2023 were Russia ($69.5M), Norway ($27.9M), and Sweden ($7.18M).

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 Petroleum Gas. 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)$103M
IMPORTS (2023)$2.33B
NET TRADE (2023)-$2.23B

In 2023, Portugal exported $103M in Petroleum Gas. The main destinations of Portugal exports on Petroleum Gas were Spain ($42.1M), Germany ($24.8M), Morocco ($21.6M), Tunisia ($6.89M), and Poland ($2.37M).

In 2023, Portugal imported $2.33B in Petroleum Gas, mainly from United States ($870M), Spain ($523M), Nigeria ($508M), Russia ($207M), and Trinidad and Tobago ($98.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Germany$24.8M (7.74M%)
Morocco$15.3M (246%)
Tunisia$2.98M (76.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Portugal WERE (2022 - 2023):
Netherlands-$50.9M (-96.4%)
Belgium-$22.7M (-100%)
Spain-$13.1M (-23.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Petroleum Gas were:
In 2023, Portugal's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $62.9M
TOP IMPORT POTENTIALNigeria+ $253M

Petroleum Gas’s highest export potential is Spain. With an export gap of $62.9M.   Petroleum Gas’s highest import potential is Nigeria with an import gap of $253M.

See methodology.

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