Portuguese Cork Industry and Trade

Portuguese Cork Industry and Trade

Cork is considered as "the Jewel" of Portuguese Economy. Therefore I will analyse all imports and exports values during 2016 from The United Nations Comtrade database

Questions I would like to see answered:

  • ■  How much does Portugal export and import? Its balance is positive or negative?

  • ■  What are the main trading partners, i.e. from/to which countries does Portugal import/export the most?

  • ■  Which are the regular customers, i.e. which countries buy cork from Portugal every month?

  • ■  Which countries does Portugal both import from and export to?

  • Total trade flow

    How much does Portugal export and import? Its balance is positive or negative?

    Sum of Exports: 481,758.764 US Dollars

    Sum of Imports: 7,005.680 US Dollars

    During the 2016 year, almost 482 Million US dollars in total exports. Imports only total 7 million.

    Balance is positive, by 475 Million dollars.

    Trading Partners

    What are the main trading partners, i.e. from/to which countries does Portugal import/export the most?

    Top 5 Total Imports

    Spain: 4,760.387 US Dollars

    Italy: 579,803 US Dollars

    France: 366,745 US Dollars

    Chile: 313,390 US Dollars

    United States of America: 278,800 US Dollars

    Top 5 Total Exports

    France: 76,370.217 US Dollars

    United States of America: 73.930.497 US Dollars

    Italy: 64,211.803 US Dollars

    Germany: 60,207.500 US Dollars

    Spain: 35,600.308 US Dollars

    Regular Importers

    Which are the regular customers, i.e. which countries buy cork from Portugal every month?

    Here I am defining regular as a costumer who buys cork from Portugal every month, during the year 2016.

  • ■  How many countries buy cork from Portugal every month?: 53 countries

  • ■  Out of how many countries? 109 countries

  • Therefore, half of the trading partners buy every month cork from Portugal.

    Portuguese Trade

    Which countries does Portugal both import from and export to? 110 Countries.

    2016 Graphic Trend

    Conclusions

  • ■  The cork trade in Portugal from January to December 2016 was analysed in terms of which countries Portugal mostly depends on for income (exports).

  • ■  Over the period, Portugal had a trade surplus of over 475 Million dollars. France and the USA are the main partners.

  • ■  Portugal exported to over 109 countries during the year. From these 109 countries, 53 of them were regular buyers, that is, they bought cork from Portugal every month.

  • ■  Portugal only imported from 27 countries, the main ones being Spain, Italy and France, probably because they are geographically closer.