2022
Exports
$3.92MWorld Rnk 55 / 139
Flag Rnk 711 / 1216
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$558MWorld Rnk 21 / 200
Flag Rnk 29 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $3.92M in Soybeans, making it the 55th largest exporter of Soybeans in the world. At the same year, Soybeans was the 711th most exported product in Portugal. The main destination of Soybeans exports from Portugal are: Spain ($3.7M), Angola ($156k), Republic of the Congo ($24.2k), Netherlands ($16k), and United Kingdom ($8.88k).

The fastest growing export markets for Soybeans of Portugal between 2021 and 2022 were Republic of the Congo ($24.2k), United Kingdom ($8.81k), and Cape Verde ($6.11k).

Imports In 2022, Portugal imported $558M in Soybeans, becoming the 21st largest importer of Soybeans in the world. At the same year, Soybeans was the 29th most imported product in Portugal. Portugal imports Soybeans primarily from: Brazil ($350M), United States ($141M), Canada ($57.1M), Germany ($5.67M), and Spain ($1.7M).

The fastest growing import markets in Soybeans for Portugal between 2021 and 2022 were Brazil ($94M), Canada ($33.2M), and United States ($18.1M).

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 Soybeans. 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)$3.92M
IMPORTS (2022)$558M
NET TRADE (2022)-$554M

In 2022, Portugal exported $3.92M in Soybeans. The main destinations of Portugal exports on Soybeans were Spain ($3.7M), Angola ($156k), Republic of the Congo ($24.2k), Netherlands ($16k), and United Kingdom ($8.88k).

In 2022, Portugal imported $558M in Soybeans, mainly from Brazil ($350M), United States ($141M), Canada ($57.1M), Germany ($5.67M), and Spain ($1.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
United Kingdom$8.81k (13.8k%)
Cape Verde$6.11k (257%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Portugal WERE (2021 - 2022):
Spain-$1.37M (-27.1%)
Hungary-$257k (-100%)
Angola-$142k (-47.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Soybeans were:
In 2022, Portugal's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $2.01M
TOP IMPORT POTENTIALUnited States+ $24.5M

Soybeans’s highest export potential is Spain. With an export gap of $2.01M.   Soybeans’s highest import potential is United States with an import gap of $24.5M.

See methodology.

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