2022
Exports
$10.8MWorld Rnk 56 / 188
Flag Rnk 87 / 96
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$79.2MWorld Rnk 29 / 212
Flag Rnk 77 / 96
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $10.8M in Natural gums, resins & other vegetable extracts, making it the 56th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 87th most exported product in Portugal. The main destination of Natural gums, resins & other vegetable extracts exports from Portugal are: Australia ($3.29M), Spain ($3.05M), New Zealand ($1.16M), Italy ($923k), and Lithuania ($506k).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Portugal between 2021 and 2022 were Australia ($3.27M), Spain ($2.08M), and New Zealand ($1.15M).

Imports In 2022, Portugal imported $79.2M in Natural gums, resins & other vegetable extracts, becoming the 29th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 77th most imported product in Portugal. Portugal imports Natural gums, resins & other vegetable extracts primarily from: Brazil ($47.8M), Spain ($8.89M), Italy ($4.32M), Argentina ($3.78M), and Germany ($3M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Portugal between 2021 and 2022 were Brazil ($14.6M), Italy ($2.11M), and Argentina ($2M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€365k(94%)
IMPORT GROWTH (June 2023 - June 2024)€-2.78M(-48.4%)
MAIN DESTINATION (June 2024)Italy€441k

This section shows Natural gums, resins & other vegetable extracts'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 Natural gums, resins & other vegetable extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.8M
IMPORTS (2022)$79.2M
NET TRADE (2022)-$68.3M

In 2022, Portugal exported $10.8M in Natural gums, resins & other vegetable extracts. The main destinations of Portugal exports on Natural gums, resins & other vegetable extracts were Australia ($3.29M), Spain ($3.05M), New Zealand ($1.16M), Italy ($923k), and Lithuania ($506k).

In 2022, Portugal imported $79.2M in Natural gums, resins & other vegetable extracts, mainly from Brazil ($47.8M), Spain ($8.89M), Italy ($4.32M), Argentina ($3.78M), and Germany ($3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Australia$3.27M (17.4k%)
Spain$2.08M (214%)
New Zealand$1.15M (7.78k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY Portugal WERE (2021 - 2022):
France-$269k (-40%)
United Kingdom-$178k (-33.8%)
China-$95.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Portugal's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
Spain $920M
In 2022, Portugal's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $1.13M
TOP IMPORT POTENTIALSpain+ $2.71M

Natural gums, resins & other vegetable extracts’s highest export potential is Spain. With an export gap of $1.13M.   Natural gums, resins & other vegetable extracts’s highest import potential is Spain with an import gap of $2.71M.

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