MARKET OUTLOOK - DECEMBER, 2021
In 2019 Portugal was the number 47 economy in the worldin terms of GDP (current US$), the number 45 in total exports, the number 37 in total imports, the number 42 economy in terms of GDP per capita (current US$) and the number 48 most complex economy according to the Economic Complexity Index (ECI).
The top exports of Portugal are Cars ($4.73B), Vehicle Parts ($3.29B), Refined Petroleum ($2.23B), Leather Footwear ($1.84B), and Uncoated Paper ($1.26B), exporting mostly to Spain ($15.4B), France ($8.49B), Germany ($8.06B), United Kingdom ($4.33B), and United States ($3.58B).
In 2019, Portugal was the world's biggest exporter of Agglomerated Cork ($534M), Natural Cork Articles ($514M), and Hat Forms ($18.6M)
The top imports of Portugal are Cars ($5.11B), Crude Petroleum ($4.71B), Planes, Helicopters, and/or Spacecraft ($3.34B), Vehicle Parts ($3.03B), and Packaged Medicaments ($2.15B), importing mostly from Spain ($25.8B), Germany ($11.7B), France ($8.3B), Italy ($4.8B), and Netherlands ($4.26B).
In 2019, Portugal was the world's biggest importer of Raw Cork ($131M) and Debacked Cork ($21.1M).
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