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2022
Exports $1.7BWorld Rnk 30 / 226
Flag Rnk 14 / 96
2022
Destination $69.2M United States
2021 - 2022
FASTEST GROWING MARKET $69.2MUnited States
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof0.93Rnk 199 / 1025
2022
Imports $1.31BWorld Rnk 37 / 226
Flag Rnk 21 / 96
2022
Origin $26.3M Spain
2021 - 2022
FASTEST GROWING ORIGIN $26.3MGermany
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $1.7B in Rubber & articles thereof, making it the 30th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 14th most exported product in Portugal. The main destination of Rubber & articles thereof exports from Portugal are: United States ($365M), Germany ($272M), Spain ($220M), France ($136M), and Slovakia ($70.1M).

The fastest growing export markets for Rubber & articles thereof of Portugal between 2021 and 2022 were United States ($69.2M), Slovakia ($33M), and Mexico ($9.37M).

Imports In 2022, Portugal imported $1.31B 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 ($418M), Germany ($154M), China ($78.8M), France ($73.4M), and Netherlands ($61.6M).

The fastest growing import markets in Rubber & articles thereof for Portugal between 2021 and 2022 were Germany ($26.3M), Poland ($16.5M), and China ($12.7M).

COMPANIES In 2023, leading companies such as Continental Tire (5.24k), Halyard Health (559), and CONTINENTAL AUTOMOTIVE SYSTEMS, INC (14) were at the forefront of shipping Rubber & articles thereof from Portugal to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Portugal's Rubber & articles thereof exports accounted up to €121M and imports accounted up to €82.2M, resulting in a positive trade balance of €39.1M. Between August 2023 and August 2024 the exports of Portugal's   Rubber & articles thereof have decreased by €-2.21M (-1.79%) from €123M to €121M, while imports decreased by €-2.97M (-3.49%) from €85.2M to €82.2M.

Destinations In August 2024, Rubber & articles thereof were exported mostly to Germany (€29.4M), United States (€20.9M), Spain (€16.3M), France (€10.5M), and United Kingdom (€4.9M), and were imported mostly from Spain (€25M), Germany (€6.87M), China (€6.62M), France (€6M), and India (€3.92M).

Growth In August 2024, the decrease in Rubber & articles thereof's year-by-year exports was explained primarily by a decrease in exports to United States (€-3.67M or -17.5%), Italy (€-787k or -19.4%), and Belgium (€-565k or -13.5%). In August 2024, the decrease in Rubber & articles thereof's year-by-year imports was explained primarily by a decrease in imports from China (€-3.77M or -43%), Russia (€-1.56M or -100%), and Italy (€-1.19M or -26.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-2.21M(-1.79%)
IMPORT GROWTH (August 2023 - August 2024)€-2.97M(-3.49%)
MAIN DESTINATION (August 2024)Germany€29.4M

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 (2022)$1.7B
IMPORTS (2022)$1.31B
NET TRADE (2022)$388M

In 2022, Portugal exported $1.7B in Rubber & articles thereof. The main destinations of Portugal exports on Rubber & articles thereof were United States ($365M), Germany ($272M), Spain ($220M), France ($136M), and Slovakia ($70.1M).

In 2022, Portugal imported $1.31B in Rubber & articles thereof, mainly from Spain ($418M), Germany ($154M), China ($78.8M), France ($73.4M), and Netherlands ($61.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
United States$69.2M (23.4%)
Slovakia$33M (88.9%)
Mexico$9.37M (59%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Portugal WERE (2021 - 2022):
Spain-$20.1M (-8.38%)
Hungary-$16.7M (-61.1%)
Morocco-$8.12M (-36.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Rubber & articles thereof were:
China $33.5B
Thailand $20.1B
Germany $17.1B
In 2022, Portugal's main importing competitors in Rubber & articles thereof were:
United States $36.1B
China $17.3B
Germany $16.5B

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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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