2022
Exports
$8.38MWorld Rnk 26 / 156
Flag Rnk 596 / 1216
2022
PRODUCT COMPLEXITY IN Drilling Machines
1.13Rnk 123 / 1025
2022
Imports
$19.8MWorld Rnk 31 / 210
Flag Rnk 571 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $8.38M in Drilling Machines, making it the 26th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 596th most exported product in Portugal. The main destination of Drilling Machines exports from Portugal are: Italy ($2.03M), Poland ($1.41M), Spain ($992k), Hungary ($958k), and Canada ($853k).

The fastest growing export markets for Drilling Machines of Portugal between 2021 and 2022 were Italy ($1.99M), Hungary ($958k), and Poland ($948k).

Imports In 2022, Portugal imported $19.8M in Drilling Machines, becoming the 31st largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 571st most imported product in Portugal. Portugal imports Drilling Machines primarily from: Spain ($7.3M), Germany ($3.99M), Japan ($2.71M), Italy ($2.55M), and China ($1.29M).

The fastest growing import markets in Drilling Machines for Portugal between 2021 and 2022 were Spain ($3.32M), China ($169k), and Poland ($107k).

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 Drilling Machines. 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)$8.38M
IMPORTS (2022)$19.8M
NET TRADE (2022)-$11.4M

In 2022, Portugal exported $8.38M in Drilling Machines. The main destinations of Portugal exports on Drilling Machines were Italy ($2.03M), Poland ($1.41M), Spain ($992k), Hungary ($958k), and Canada ($853k).

In 2022, Portugal imported $19.8M in Drilling Machines, mainly from Spain ($7.3M), Germany ($3.99M), Japan ($2.71M), Italy ($2.55M), and China ($1.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Italy$1.99M (5.05k%)
Hungary$958k (1%)
Poland$948k (205%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Portugal WERE (2021 - 2022):
India-$1.91M (-99.5%)
United States-$1.14M (-99.5%)
Romania-$1.09M (-99.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $374k
TOP IMPORT POTENTIALChina+ $772k

Drilling Machines’s highest export potential is Spain. With an export gap of $374k.   Drilling Machines’s highest import potential is China with an import gap of $772k.

See methodology.

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