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2023
Exports $1.84BWorld Rnk 28 / 225
Flag Rnk 13 / 96
2023
Destination $84M United States
2022 - 2023
FASTEST GROWING MARKET $84MGermany
2023
PRODUCT COMPLEXITY IN Rubber & articles thereof0.99Rnk 178 / 1025
2023
Imports $1.28BWorld Rnk 37 / 226
Flag Rnk 21 / 96
2023
Origin $40.8M Spain
2022 - 2023
FASTEST GROWING ORIGIN $40.8MGermany
2023
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $1.84B in Rubber & articles thereof, making it the 28th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 13th most exported product in Portugal. The main destination of Rubber & articles thereof exports from Portugal are: United States ($383M), Germany ($354M), Spain ($164M), France ($159M), and Slovakia ($82.7M).

The fastest growing export markets for Rubber & articles thereof of Portugal between 2022 and 2023 were Germany ($84M), France ($32.8M), and Spain ($17.4M).

Imports In 2023, Portugal imported $1.28B in Rubber & articles thereof, becoming the 37th largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 21st most imported product in Portugal. Portugal imports Rubber & articles thereof primarily from: Spain ($413M), Germany ($170M), France ($91.4M), China ($73.9M), and Netherlands ($65.5M).

The fastest growing import markets in Rubber & articles thereof for Portugal between 2022 and 2023 were Germany ($40.8M), France ($18.4M), and Slovakia ($5.24M).

COMPANIES In 2024, leading companies such as Continental Tire (3.99k), Halyard Health (367), and CONTINENTAL AUTOMOTIVE SYSTEMS, INC (185) were at the forefront of shipping Rubber & articles thereof from Portugal to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Portugal's Rubber & articles thereof exports accounted up to €114M and imports accounted up to €97.8M, resulting in a positive trade balance of €16M. Between December 2023 and December 2024 the exports of Portugal's   Rubber & articles thereof have increased by €1.62M (1.44%) from €112M to €114M, while imports increased by €18.5M (23.3%) from €79.4M to €97.8M.

Destinations In December 2024, Rubber & articles thereof were exported mostly to United States (€29M), Spain (€20M), Germany (€14.6M), France (€11.6M), and Slovakia (€5.34M), and were imported mostly from Spain (€28.7M), China (€8.71M), Germany (€8.66M), France (€6.73M), and Italy (€5.05M).

Growth In December 2024, the increase in Rubber & articles thereof's year-by-year exports was explained primarily by an increase in exports to United States (€11.2M or 65.1%), Germany (€5.21M or 18.9%), and Spain (€1.7M or 7%). In December 2024, the increase in Rubber & articles thereof's year-by-year imports was explained primarily by an increase in imports from Japan (€1.09M or 83.5%), Cote d'Ivoire (€786k or 127%), and Other Asia, nes (€740k or 147%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€1.62M(1.44%)
IMPORT GROWTH (December 2023 - December 2024)€18.5M(23.3%)
MAIN DESTINATION (December 2024)United States€29M

This section shows Rubber & articles thereof'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 Rubber & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.84B
IMPORTS (2023)$1.28B
NET TRADE (2023)$560M

In 2023, Portugal exported $1.84B in Rubber & articles thereof. The main destinations of Portugal exports on Rubber & articles thereof were United States ($383M), Germany ($354M), Spain ($164M), France ($159M), and Slovakia ($82.7M).

In 2023, Portugal imported $1.28B in Rubber & articles thereof, mainly from Spain ($413M), Germany ($170M), France ($91.4M), China ($73.9M), and Netherlands ($65.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Germany$84M (31.1%)
France$32.8M (25.9%)
Spain$17.4M (11.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Portugal WERE (2022 - 2023):
Mexico-$10.1M (-47.9%)
Czechia-$8.89M (-23.6%)
United States-$8.54M (-2.18%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Portugal's main exporting competitors in Rubber & articles thereof were:
China $34.3B
Thailand $18.1B
Germany $16.5B
In 2023, Portugal's main importing competitors in Rubber & articles thereof were:
United States $34.6B
Germany $16.2B
China $16B

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $84.8M
TOP IMPORT POTENTIALChina+ $52.1M

Rubber & articles thereof’s highest export potential is United States. With an export gap of $84.8M.   Rubber & articles thereof’s highest import potential is China with an import gap of $52.1M.

See methodology.

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