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2022
Exports $85.5MWorld Rnk 21 / 160
Flag Rnk 74 / 96
2022
Destination $8.15M Germany
2021 - 2022
FASTEST GROWING MARKET $8.15MGermany
2022
PRODUCT COMPLEXITY IN Wool & animal hair0.58Rnk 333 / 1025
2022
Imports $156MWorld Rnk 17 / 194
Flag Rnk 70 / 96
2022
Origin $18M Italy
2021 - 2022
FASTEST GROWING ORIGIN $18MItaly
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $85.5M in Wool & animal hair, making it the 21st largest exporter of Wool & animal hair in the world. At the same year, Wool & animal hair was the 74th most exported product in Portugal. The main destination of Wool & animal hair exports from Portugal are: Germany ($15M), Romania ($12.2M), Italy ($9.5M), Spain ($7.19M), and United States ($6.73M).

The fastest growing export markets for Wool & animal hair of Portugal between 2021 and 2022 were Germany ($8.15M), Italy ($7.07M), and Romania ($5.75M).

Imports In 2022, Portugal imported $156M in Wool & animal hair, becoming the 17th largest importer of Wool & animal hair in the world. At the same year, Wool & animal hair was the 70th most imported product in Portugal. Portugal imports Wool & animal hair primarily from: Italy ($102M), Germany ($13.1M), Spain ($8.15M), United Kingdom ($5.77M), and China ($5.41M).

The fastest growing import markets in Wool & animal hair for Portugal between 2021 and 2022 were Italy ($18M), China ($3.56M), and Germany ($2.15M).

COMPANIES In 2023, leading companies such as Soho Studio (10) were at the forefront of shipping Wool & animal hair from Portugal to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Portugal's Wool & animal hair exports accounted up to €4.48M and imports accounted up to €5M, resulting in a negative trade balance of €519k. Between August 2023 and August 2024 the exports of Portugal's   Wool & animal hair have increased by €325k (7.82%) from €4.15M to €4.48M, while imports decreased by €-1.49M (-23%) from €6.49M to €5M.

Destinations In August 2024, Wool & animal hair were exported mostly to Germany (€1.13M), Spain (€777k), United Kingdom (€682k), Turkey (€270k), and Romania (€239k), and were imported mostly from Italy (€2.55M), China (€492k), Germany (€360k), India (€308k), and Turkey (€294k).

Growth In August 2024, the increase in Wool & animal hair's year-by-year exports was explained primarily by an increase in exports to Italy (€202k or 134%), Ireland (€127k or 8.84k%), and Morocco (€104k or 2.4k%). In August 2024, the decrease in Wool & animal hair's year-by-year imports was explained primarily by a decrease in imports from Germany (€-528k or -50.4%), France (€-234k or -81%), and Czechia (€-174k or -99.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€325k(7.82%)
IMPORT GROWTH (August 2023 - August 2024)€-1.49M(-23%)
MAIN DESTINATION (August 2024)Germany€1.13M

This section shows Wool & animal hair'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 Wool & animal hair over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$85.5M
IMPORTS (2022)$156M
NET TRADE (2022)-$70.9M

In 2022, Portugal exported $85.5M in Wool & animal hair. The main destinations of Portugal exports on Wool & animal hair were Germany ($15M), Romania ($12.2M), Italy ($9.5M), Spain ($7.19M), and United States ($6.73M).

In 2022, Portugal imported $156M in Wool & animal hair, mainly from Italy ($102M), Germany ($13.1M), Spain ($8.15M), United Kingdom ($5.77M), and China ($5.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool & animal hair EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Germany$8.15M (119%)
Italy$7.07M (290%)
Romania$5.75M (88.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool & animal hair BY Portugal WERE (2021 - 2022):
Spain-$1.16M (-13.9%)
Thailand-$760k (-72.6%)
Australia-$651k (-25.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Wool & animal hair were:
Australia $2.24B
China $2.23B
Italy $2.03B
In 2022, Portugal's main importing competitors in Wool & animal hair were:
China $2.97B
Italy $1.62B
Germany $694M

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Trade Value of Wool & animal hair by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.38M
TOP IMPORT POTENTIALChina+ $2.56M

Wool & animal hair’s highest export potential is China. With an export gap of $1.38M.   Wool & animal hair’s highest import potential is China with an import gap of $2.56M.

See methodology.

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