2022
Exports
$3.37MWorld Rnk 30 / 109
Flag Rnk 737 / 1216
2022
PRODUCT COMPLEXITY IN Wool
-2.11Rnk 1004 / 1025
2022
Imports
$7.76MWorld Rnk 22 / 137
Flag Rnk 785 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $3.37M in Wool, making it the 30th largest exporter of Wool in the world. At the same year, Wool was the 737th most exported product in Portugal. The main destination of Wool exports from Portugal are: Spain ($2.7M), Belgium ($489k), Germany ($90.8k), Malta ($42.5k), and France ($28.9k).

The fastest growing export markets for Wool of Portugal between 2021 and 2022 were Belgium ($190k), Germany ($62.2k), and Malta ($42.5k).

Imports In 2022, Portugal imported $7.76M in Wool, becoming the 22nd largest importer of Wool in the world. At the same year, Wool was the 785th most imported product in Portugal. Portugal imports Wool primarily from: Spain ($1.86M), New Zealand ($1.64M), Turkey ($1.31M), United Kingdom ($1.14M), and Germany ($628k).

The fastest growing import markets in Wool for Portugal between 2021 and 2022 were United Kingdom ($348k), Italy ($314k), and Uruguay ($119k).

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 Wool. 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)$3.37M
IMPORTS (2022)$7.76M
NET TRADE (2022)-$4.39M

In 2022, Portugal exported $3.37M in Wool. The main destinations of Portugal exports on Wool were Spain ($2.7M), Belgium ($489k), Germany ($90.8k), Malta ($42.5k), and France ($28.9k).

In 2022, Portugal imported $7.76M in Wool, mainly from Spain ($1.86M), New Zealand ($1.64M), Turkey ($1.31M), United Kingdom ($1.14M), and Germany ($628k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Belgium$190k (63.5%)
Germany$62.2k (218%)
Malta$42.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Portugal WERE (2021 - 2022):
Spain-$578k (-17.6%)
Austria-$26.9k (-86.1%)
India-$23.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Wool were:
In 2022, Portugal's main importing competitors in Wool were:
China $2.16B
Italy $223M
India $205M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $91.2k
TOP IMPORT POTENTIALAustralia+ $228k

Wool’s highest export potential is Germany. With an export gap of $91.2k.   Wool’s highest import potential is Australia with an import gap of $228k.

See methodology.

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