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2022
Exports $2.44MWorld Rnk 70 / 196
Flag Rnk 788 / 1216
2022
Destination $563k Spain
2021 - 2022
FASTEST GROWING MARKET $563kSpain
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $8.72MWorld Rnk 50 / 214
Flag Rnk 760 / 1216
2022
Origin $1.96M Spain
2021 - 2022
FASTEST GROWING ORIGIN $1.96MItaly
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $2.44M in Essential Oils, making it the 70th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 788th most exported product in Portugal. The main destination of Essential Oils exports from Portugal are: Spain ($902k), Netherlands ($551k), Angola ($214k), Germany ($187k), and France ($116k).

The fastest growing export markets for Essential Oils of Portugal between 2021 and 2022 were Spain ($563k), Netherlands ($545k), and Germany ($146k).

Imports In 2018, Portugal imported $8.72M in Essential Oils, becoming the 50th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 760th most imported product in Portugal. Portugal imports Essential Oils primarily from: Spain ($2.67M), Italy ($2.24M), United States ($1.24M), United Kingdom ($468k), and Germany ($447k).

The fastest growing import markets in Essential Oils for Portugal between 2021 and 2022 were Italy ($1.96M), Spain ($1.14M), and United States ($690k).

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 Essential Oils. 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)$2.44M
IMPORTS (2022)$8.72M
NET TRADE (2022)-$6.28M

In 2022, Portugal exported $2.44M in Essential Oils. The main destinations of Portugal exports on Essential Oils were Spain ($902k), Netherlands ($551k), Angola ($214k), Germany ($187k), and France ($116k).

In 2022, Portugal imported $8.72M in Essential Oils, mainly from Spain ($2.67M), Italy ($2.24M), United States ($1.24M), United Kingdom ($468k), and Germany ($447k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$563k (166%)
Netherlands$545k (7.9k%)
Germany$146k (353%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Portugal WERE (2021 - 2022):
Angola-$126k (-37%)
France-$58.4k (-33.4%)
Austria-$36.9k (-25.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Portugal's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $397k
TOP IMPORT POTENTIALSpain+ $529k

Essential Oils’s highest export potential is Spain. With an export gap of $397k.   Essential Oils’s highest import potential is Spain with an import gap of $529k.

See methodology.

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