Organic chemicals in Portugal | The Observatory of Economic Complexity

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Exports In 2022, Portugal exported $1.66B in Organic chemicals, making it the 37th largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 15th most exported product in Portugal. The main destination of Organic chemicals exports from Portugal are: Spain ($241M), Turkey ($232M), Germany ($197M), Denmark ($155M), and United States ($153M).

The fastest growing export markets for Organic chemicals of Portugal between 2021 and 2022 were Argentina ($55.2M), Denmark ($50.7M), and United States ($42.4M).

Imports In 2022, Portugal imported $2.6B in Organic chemicals, becoming the 37th largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 8th most imported product in Portugal. Portugal imports Organic chemicals primarily from: Netherlands ($406M), Spain ($319M), China ($255M), Ireland ($243M), and Saudi Arabia ($222M).

The fastest growing import markets in Organic chemicals for Portugal between 2021 and 2022 were Netherlands ($77M), China ($70.9M), and Saudi Arabia ($59M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (177), BROSE MECHATRONIC SYSTEMS (76), and GOYA FOODS INC (8) were at the forefront of shipping Organic chemicals from Portugal to the United States.

Latest Trends

February 2024

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Overview In February 2024 Portugal's Organic chemicals exports accounted up to €83.2M and imports accounted up to €553M, resulting in a negative trade balance of €470M. Between February 2023 and February 2024 the exports of Portugal's Organic chemicals have increased by €28.2M (51.3%) from €55M to €83.2M, while imports increased by €112M (25.4%) from €441M to €553M.

Destinations In February 2024, Organic chemicals were exported mostly to Belgium (€43.8M), United States (€13.7M), Denmark (€7.83M), Spain (€6.78M), and Switzerland (€1.51M), and were imported mostly from Ireland (€390M), Spain (€26.1M), Turkey (€24.2M), China (€12.4M), and France (€11.8M).

Growth In February 2024, the increase in Organic chemicals's year-by-year exports was explained primarily by an increase in exports to United States (€7.38M or 103%), Ireland (€2M or 1.06M%), and United Kingdom (€1.56M or 39.6%). In February 2024, the increase in Organic chemicals's year-by-year imports was explained primarily by an increase in imports from Spain (€28.4M or 137%), India (€13.4M or 316%), and Ireland (€12.1M or 195%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€28.2M(51.3%)

IMPORT GROWTH (February 2023 - February 2024)€112M(25.4%)

MAIN DESTINATION (February 2024)Belgium€43.8M

This section shows Organic chemicals'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 Organic chemicals over time.

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