2022
Exports
$2.62MWorld Rnk 40 / 175
Flag Rnk 776 / 1216
2022
PRODUCT COMPLEXITY IN Sound Recording Equipment
0.32Rnk 439 / 1025
2022
Imports
$10.5MWorld Rnk 45 / 209
Flag Rnk 723 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $2.62M in Sound Recording Equipment, making it the 40th largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 776th most exported product in Portugal. The main destination of Sound Recording Equipment exports from Portugal are: Angola ($811k), Spain ($414k), United States ($381k), Sweden ($246k), and Denmark ($241k).

The fastest growing export markets for Sound Recording Equipment of Portugal between 2021 and 2022 were Angola ($618k), Spain ($405k), and United States ($247k).

Imports In 2022, Portugal imported $10.5M in Sound Recording Equipment, becoming the 45th largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 723rd most imported product in Portugal. Portugal imports Sound Recording Equipment primarily from: Spain ($3.93M), Netherlands ($1.54M), China ($1.11M), Germany ($778k), and Belgium ($761k).

The fastest growing import markets in Sound Recording Equipment for Portugal between 2021 and 2022 were Spain ($1.04M), Netherlands ($1.02M), and China ($696k).

COMPANIES In 2023, leading companies such as Continental Tire (2) and Walmart (2) were at the forefront of shipping Sound Recording Equipment from Portugal to the United States.

Latest Trends

Jul 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 Sound Recording Equipment. 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)$2.62M
IMPORTS (2022)$10.5M
NET TRADE (2022)-$7.88M

In 2022, Portugal exported $2.62M in Sound Recording Equipment. The main destinations of Portugal exports on Sound Recording Equipment were Angola ($811k), Spain ($414k), United States ($381k), Sweden ($246k), and Denmark ($241k).

In 2022, Portugal imported $10.5M in Sound Recording Equipment, mainly from Spain ($3.93M), Netherlands ($1.54M), China ($1.11M), Germany ($778k), and Belgium ($761k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Angola$618k (321%)
Spain$405k (4.53k%)
United States$247k (185%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY Portugal WERE (2021 - 2022):
Nigeria-$30.1k (-100%)
Tunisia-$18.6k (-100%)
Vietnam-$14.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Sound Recording Equipment were:
In 2022, Portugal's main importing competitors in Sound Recording Equipment were:

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $386k
TOP IMPORT POTENTIALChina+ $1.12M

Sound Recording Equipment’s highest export potential is United States. With an export gap of $386k.   Sound Recording Equipment’s highest import potential is China with an import gap of $1.12M.

See methodology.

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