2022
Exports
$3.65BWorld Rnk 37 / 214
Flag Rnk 2 / 1216
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$4.26BWorld Rnk 61 / 225
Flag Rnk 3 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $3.65B in Refined Petroleum, making it the 37th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Portugal. The main destination of Refined Petroleum exports from Portugal are: United States ($1.15B), Spain ($641M), Gibraltar ($537M), Netherlands ($369M), and United Kingdom ($221M).

The fastest growing export markets for Refined Petroleum of Portugal between 2021 and 2022 were United States ($321M), United Kingdom ($209M), and Netherlands ($186M).

Imports In 2022, Portugal imported $4.26B in Refined Petroleum, becoming the 61st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Portugal. Portugal imports Refined Petroleum primarily from: Spain ($1.62B), Italy ($475M), Netherlands ($332M), Saudi Arabia ($302M), and Russia ($260M).

The fastest growing import markets in Refined Petroleum for Portugal between 2021 and 2022 were Spain ($614M), Italy ($462M), and Saudi Arabia ($302M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (1) were at the forefront of shipping Refined Petroleum from Portugal to the United States.

Latest Trends

Aug 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 Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$3.65B
IMPORTS (2022)$4.26B
NET TRADE (2022)-$616M

In 2022, Portugal exported $3.65B in Refined Petroleum. The main destinations of Portugal exports on Refined Petroleum were United States ($1.15B), Spain ($641M), Gibraltar ($537M), Netherlands ($369M), and United Kingdom ($221M).

In 2022, Portugal imported $4.26B in Refined Petroleum, mainly from Spain ($1.62B), Italy ($475M), Netherlands ($332M), Saudi Arabia ($302M), and Russia ($260M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
United States$321M (38.8%)
United Kingdom$209M (1.73k%)
Netherlands$186M (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Portugal WERE (2021 - 2022):
Morocco-$134M (-83.6%)
Belgium-$40.6M (-51.9%)
Tunisia-$15.5M (-99.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Refined Petroleum were:
In 2022, Portugal's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $165M
TOP IMPORT POTENTIALRussia+ $142M

Refined Petroleum’s highest export potential is United States. With an export gap of $165M.   Refined Petroleum’s highest import potential is Russia with an import gap of $142M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with