Cork & cork articles in Portugal | The Observatory of Economic Complexity

About

Exports In 2022, Portugal exported $1.24B in Cork & cork articles, making it the 1st largest exporter of Cork & cork articles in the world. At the same year, Cork & cork articles was the 18th most exported product in Portugal. The main destination of Cork & cork articles exports from Portugal are: France ($233M), United States ($216M), Spain ($190M), Italy ($130M), and Germany ($79.2M).

The fastest growing export markets for Cork & cork articles of Portugal between 2021 and 2022 were Spain ($13.4M), United Kingdom ($11.7M), and Turkey ($8.43M).

Imports In 2022, Portugal imported $241M in Cork & cork articles, becoming the 3rd largest importer of Cork & cork articles in the world. At the same year, Cork & cork articles was the 62nd most imported product in Portugal. Portugal imports Cork & cork articles primarily from: Spain ($184M), Morocco ($14.4M), Italy ($13.8M), France ($8.74M), and Tunisia ($6.19M).

The fastest growing import markets in Cork & cork articles for Portugal between 2021 and 2022 were Spain ($22.4M), Morocco ($4.23M), and Tunisia ($1.35M).

COMPANIES In 2023, leading companies such as PERNOD RICARD USA (2) were at the forefront of shipping Cork & cork articles from Portugal to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Portugal's Cork & cork articles exports accounted up to €98.1M and imports accounted up to €16.2M, resulting in a positive trade balance of €81.9M. Between February 2023 and February 2024 the exports of Portugal's Cork & cork articles have decreased by €-7.26M (-6.89%) from €105M to €98.1M, while imports decreased by €-6.84M (-29.7%) from €23M to €16.2M.

Destinations In February 2024, Cork & cork articles were exported mostly to France (€19.3M), Spain (€18M), United States (€14.8M), Italy (€12.3M), and Germany (€7.15M), and were imported mostly from Spain (€12M), Italy (€1.37M), France (€687k), United States (€580k), and Switzerland (€474k).

Growth In February 2024, the decrease in Cork & cork articles's year-by-year exports was explained primarily by a decrease in exports to Russia (€-2.1M or -100%), Italy (€-1.95M or -16.9%), and Germany (€-1.35M or -16.6%). In February 2024, the decrease in Cork & cork articles's year-by-year imports was explained primarily by a decrease in imports from Morocco (€-1.16M or -80%), Italy (€-140k or -10.1%), and Algeria (€-133k or -13.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-7.26M(-6.89%)

IMPORT GROWTH (February 2023 - February 2024)€-6.84M(-29.7%)

MAIN DESTINATION (February 2024)France€19.3M

This section shows Cork & cork articles'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 Cork & cork articles over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.24B

IMPORTS (2022)$241M

NET TRADE (2022)$998M

In 2022, Portugal exported $1.24B in Cork & cork articles. The main destinations of Portugal exports on Cork & cork articles were France ($233M), United States ($216M), Spain ($190M), Italy ($130M), and Germany ($79.2M).

In 2022, Portugal imported $241M in Cork & cork articles, mainly from Spain ($184M), Morocco ($14.4M), Italy ($13.8M), France ($8.74M), and Tunisia ($6.19M).

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