Animal or vegetable fats, oils, & waxes in Portugal | The Observatory of Economic Complexity

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Exports In 2022, Portugal exported $1.57B in Animal or vegetable fats, oils, & waxes, making it the 22nd largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 16th most exported product in Portugal. The main destination of Animal or vegetable fats, oils, & waxes exports from Portugal are: Spain ($735M), Brazil ($299M), Italy ($183M), Angola ($78.2M), and France ($54.6M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Portugal between 2021 and 2022 were Spain ($214M), France ($27.2M), and Italy ($22.2M).

Imports In 2022, Portugal imported $1.22B in Animal or vegetable fats, oils, & waxes, becoming the 35th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 22nd most imported product in Portugal. Portugal imports Animal or vegetable fats, oils, & waxes primarily from: Spain ($909M), Netherlands ($68.2M), Belgium ($63.1M), Moldova ($20.6M), and Germany ($15M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Portugal between 2021 and 2022 were Spain ($111M), Belgium ($20.3M), and France ($7.99M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Portugal to the United States.

Latest Trends

January 2024

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Overview In January 2024 Portugal's Animal or vegetable fats, oils, & waxes exports accounted up to €194M and imports accounted up to €125M, resulting in a positive trade balance of €69.1M. Between January 2023 and January 2024 the exports of Portugal's Animal or vegetable fats, oils, & waxes have increased by €34.8M (21.8%) from €159M to €194M, while imports increased by €24.5M (24.4%) from €101M to €125M.

Destinations In January 2024, Animal or vegetable fats, oils, & waxes were exported mostly to Spain (€102M), Brazil (€49.5M), Italy (€19.6M), France (€6.15M), and Morocco (€4.31M), and were imported mostly from Spain (€100M), Netherlands (€10.7M), Argentina (€3.96M), Egypt (€2.78M), and Belgium (€1.15M).

Growth In January 2024, the increase in Animal or vegetable fats, oils, & waxes's year-by-year exports was explained primarily by an increase in exports to Brazil (€27.6M or 136%), Netherlands (€6.15M or 524%), and South Africa (€5.36M or 715%). In January 2024, the increase in Animal or vegetable fats, oils, & waxes's year-by-year imports was explained primarily by an increase in imports from Spain (€12M or 24%), France (€11M or 6.01k%), and Ukraine (€8.54M or 521%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€34.8M(21.8%)

IMPORT GROWTH (January 2023 - January 2024)€24.5M(24.4%)

MAIN DESTINATION (January 2024)Spain€102M

This section shows Animal or vegetable fats, oils, & waxes'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 Animal or vegetable fats, oils, & waxes over time.

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