2022
Exports
$4.44BWorld Rnk 29 / 210
Flag Rnk 1 / 1216
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$4.54BWorld Rnk 31 / 224
Flag Rnk 2 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $4.44B in Cars, making it the 29th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in Portugal. The main destination of Cars exports from Portugal are: Germany ($1.09B), Italy ($573M), United Kingdom ($524M), Spain ($445M), and France ($393M).

The fastest growing export markets for Cars of Portugal between 2021 and 2022 were Germany ($198M), Italy ($164M), and Turkey ($57M).

Imports In 2022, Portugal imported $4.54B in Cars, becoming the 31st largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Portugal. Portugal imports Cars primarily from: Germany ($1.37B), Spain ($903M), France ($549M), Belgium ($373M), and Morocco ($170M).

The fastest growing import markets in Cars for Portugal between 2021 and 2022 were Germany ($143M), Spain ($136M), and Morocco ($83.7M).

COMPANIES In 2023, leading companies such as IKEA Group (23) and Baxter Healthcare (4) were at the forefront of shipping Cars from Portugal to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Cars. 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)$4.44B
IMPORTS (2022)$4.54B
NET TRADE (2022)-$98.9M

In 2022, Portugal exported $4.44B in Cars. The main destinations of Portugal exports on Cars were Germany ($1.09B), Italy ($573M), United Kingdom ($524M), Spain ($445M), and France ($393M).

In 2022, Portugal imported $4.54B in Cars, mainly from Germany ($1.37B), Spain ($903M), France ($549M), Belgium ($373M), and Morocco ($170M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Germany$198M (22.2%)
Italy$164M (40%)
Turkey$57M (42.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Portugal WERE (2021 - 2022):
Spain-$109M (-19.6%)
Japan-$90.9M (-48.5%)
Romania-$28.3M (-70.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Cars were:
In 2022, Portugal's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $253M
TOP IMPORT POTENTIALSpain+ $278M

Cars’s highest export potential is Spain. With an export gap of $253M.   Cars’s highest import potential is Spain with an import gap of $278M.

See methodology.

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