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2022
Exports $11.4MWorld Rnk 33 / 200
Flag Rnk 86 / 96
2022
Destination $1.42M Germany
2021 - 2022
FASTEST GROWING MARKET $1.42MFrance
2022
PRODUCT COMPLEXITY IN Musical instruments1.43Rnk 66 / 1025
2022
Imports $37.2MWorld Rnk 37 / 224
Flag Rnk 85 / 96
2022
Origin $5.13M Germany
2021 - 2022
FASTEST GROWING ORIGIN $5.13MGermany
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $11.4M in Musical instruments, making it the 33rd largest exporter of Musical instruments in the world. At the same year, Musical instruments was the 86th most exported product in Portugal. The main destination of Musical instruments exports from Portugal are: Germany ($3.66M), France ($1.95M), Spain ($966k), Netherlands ($609k), and United States ($541k).

The fastest growing export markets for Musical instruments of Portugal between 2021 and 2022 were France ($1.42M), Netherlands ($353k), and Sweden ($259k).

Imports In 2022, Portugal imported $37.2M in Musical instruments, becoming the 37th largest importer of Musical instruments in the world. At the same year, Musical instruments was the 85th most imported product in Portugal. Portugal imports Musical instruments primarily from: Germany ($10.8M), Spain ($8.49M), France ($7.33M), Netherlands ($3.07M), and Belgium ($1.48M).

The fastest growing import markets in Musical instruments for Portugal between 2021 and 2022 were Germany ($5.13M), Netherlands ($503k), and Romania ($222k).

COMPANIES In 2023, leading companies such as Helly Hansen (3) were at the forefront of shipping Musical instruments from Portugal to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Portugal's Musical instruments exports accounted up to €493k and imports accounted up to €1.78M, resulting in a negative trade balance of €1.29M. Between June 2023 and June 2024 the exports of Portugal's   Musical instruments have decreased by €-152k (-23.6%) from €645k to €493k, while imports decreased by €-821k (-31.5%) from €2.6M to €1.78M.

Destinations In June 2024, Musical instruments were exported mostly to Germany (€189k), Luxembourg (€110k), France (€51.4k), Canada (€43.3k), and Spain (€19.8k), and were imported mostly from Spain (€716k), Germany (€289k), Belgium (€116k), Italy (€97.3k), and France (€88.7k).

Growth In June 2024, the decrease in Musical instruments's year-by-year exports was explained primarily by a decrease in exports to Germany (€-72.4k or -24.1%), Russia (€-66.5k or -100%), and Angola (€-12.3k or -99.2%). In June 2024, the decrease in Musical instruments's year-by-year imports was explained primarily by a decrease in imports from Germany (€-905k or -79.1%), Spain (€-416k or -27.2%), and China (€-67.6k or -50.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-152k(-23.6%)
IMPORT GROWTH (June 2023 - June 2024)€-821k(-31.5%)
MAIN DESTINATION (June 2024)Germany€189k

This section shows Musical instruments'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 Musical instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.4M
IMPORTS (2022)$37.2M
NET TRADE (2022)-$25.8M

In 2022, Portugal exported $11.4M in Musical instruments. The main destinations of Portugal exports on Musical instruments were Germany ($3.66M), France ($1.95M), Spain ($966k), Netherlands ($609k), and United States ($541k).

In 2022, Portugal imported $37.2M in Musical instruments, mainly from Germany ($10.8M), Spain ($8.49M), France ($7.33M), Netherlands ($3.07M), and Belgium ($1.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical instruments EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
France$1.42M (269%)
Netherlands$353k (138%)
Sweden$259k (940%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments BY Portugal WERE (2021 - 2022):
Germany-$1.61M (-30.5%)
United Kingdom-$222k (-50.5%)
Austria-$135k (-54.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Musical instruments were:
China $2.53B
Indonesia $1.08B
Germany $1.01B
In 2022, Portugal's main importing competitors in Musical instruments were:
United States $1.91B
Germany $876M
China $615M

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Trade Value of Musical instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $742k
TOP IMPORT POTENTIALChina+ $1.59M

Musical instruments’s highest export potential is United States. With an export gap of $742k.   Musical instruments’s highest import potential is China with an import gap of $1.59M.

See methodology.

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