Silk in Portugal | The Observatory of Economic Complexity

About

Exports In 2022, Portugal exported $1.82M in Silk, making it the 30th largest exporter of Silk in the world. At the same year, Silk was the 95th most exported product in Portugal. The main destination of Silk exports from Portugal are: Belgium ($501k), Spain ($481k), France ($203k), Morocco ($180k), and United Arab Emirates ($124k).

The fastest growing export markets for Silk of Portugal between 2021 and 2022 were Belgium ($501k), Spain ($460k), and France ($114k).

Imports In 2022, Portugal imported $7.62M in Silk, becoming the 37th largest importer of Silk in the world. At the same year, Silk was the 96th most imported product in Portugal. Portugal imports Silk primarily from: Italy ($4.02M), China ($848k), Spain ($767k), United Kingdom ($554k), and Greece ($445k).

The fastest growing import markets in Silk for Portugal between 2021 and 2022 were Italy ($1.2M), United Kingdom ($179k), and Germany ($117k).

Latest Trends

February 2024

About

Overview In February 2024 Portugal's Silk exports accounted up to €20.5k and imports accounted up to €555k, resulting in a negative trade balance of €535k. Between February 2023 and February 2024 the exports of Portugal's Silk have decreased by €-91.3k (-81.7%) from €112k to €20.5k, while imports increased by €112k (25.3%) from €443k to €555k.

Destinations In February 2024, Silk were exported mostly to Colombia (€6.82k), France (€3.23k), Angola (€2.16k), Denmark (€1.85k), and Spain (€1.08k), and were imported mostly from Italy (€285k), Spain (€112k), China (€71.9k), India (€16k), and United Kingdom (€14.5k).

Growth In February 2024, the decrease in Silk's year-by-year exports was explained primarily by a decrease in exports to France (€-8.28k or -46.4%), Colombia (€-7.84k or -93.4%), and Morocco (€-5.73k or -100%). In February 2024, the increase in Silk's year-by-year imports was explained primarily by an increase in imports from Italy (€121k or 145%), China (€40k or 166%), and Turkey (€34.8k or 442%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-91.3k(-81.7%)

IMPORT GROWTH (February 2023 - February 2024)€112k(25.3%)

MAIN DESTINATION (February 2024)Colombia€6.82k

This section shows Silk'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 Silk over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.82M

IMPORTS (2022)$7.62M

NET TRADE (2022)-$5.8M

In 2022, Portugal exported $1.82M in Silk. The main destinations of Portugal exports on Silk were Belgium ($501k), Spain ($481k), France ($203k), Morocco ($180k), and United Arab Emirates ($124k).

In 2022, Portugal imported $7.62M in Silk, mainly from Italy ($4.02M), China ($848k), Spain ($767k), United Kingdom ($554k), and Greece ($445k).

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