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Portugal

Portugal ranked No. 59 in total trade value through February with a total of $895.94 million. Exports totaled $288.93 million and Imports totaled $607.01 million, a deficit of $318.07 million.

January – February 2019

Top Trading Ports

Total Trade: $895.94 million

RankPortTotal YTD
1Port of Newark $169,358,428
2Port of Perth Amboy, N.J. $78,198,777
3Port of Lake Charles, La. $65,705,558
4Port of Virginia $40,538,400
5Port of New Haven, Conn. $39,041,184
6Port of Savannah, Ga. $38,688,199
7Port of Charleston $38,051,072
8John F. Kennedy International Airport $37,146,800
9Port of Oakland, Calif. $28,941,356
10Chicago O’Hare International Airport $28,835,922

U.S. trade with Portugal rose to $895.94 million through February

Portugal’s trade with the United States rose to $895.94 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 18.4 percent above its total trade during the same time period last year. Portugal’s exports increased 41.72 percent while imports rose 9.8 percent. The U.S. deficit with Portugal was $318.07 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Perth Amboy, N.J.; No. 3 Port of Lake Charles, La.; No. 4 Port of Virginia; and No. 5 Port of New Haven, Conn.. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Savannah, Ga. No. 3 John F. Kennedy International Airport No. 4 Port of Corpus Christi, Texas and No. 5 Port of Bangor, Maine. In the current time period, the top five accounted for 43.85 percent of Portugal’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 6.81 percent to $169.36 million.
    Exports rose 67.07 percent to $32.65 million. Imports fell 15.71 percent to $136.71 million.
  • Trade with No. 2 Port of Perth Amboy, N.J. rose 1078355 percent to $78.2 million.
    There were no exports. Imports rose 1078355 percent to $78.2 million.
  • Trade with No. 3 Port of Lake Charles, La. rose 519.88 percent to $65.71 million.
    Exports rose 519.88 percent to $65.71 million. There were no imports.
  • Trade with No. 4 Port of Virginia rose 130.67 percent to $40.54 million.
    Exports fell 22.63 percent to $4.72 million. Imports rose 212.26 percent to $35.82 million.
  • Trade with No. 5 Port of New Haven, Conn. totaled $39.04 million.
    There were no exports. Imports totaled $39.04 million.

Portugal ranked No. 59 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 63.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Portugal by value through February were the categories of Petroleum gases, other gaseous hydrocarbons; Civilian aircraft, parts; Soybeans; Coal, briquettes; and Aircraft engines, engine parts, respectively. They accounted for 62.18 percent of total exports to Portugal.

The value of the top five categories of U.S. imports from Portugal –– Gasoline, other fuels; Medicines in individual dosages; Rubber tires; Misc. natural cork; and Leather shoes –– accounted for 38.36 percent of all inbound shipments.

Looking more closely at U.S. exports to Portugal:

  • Petroleum gases, other gaseous hydrocarbons rose 321.26 percent compared to last year to $65.71 million.
  • Civilian aircraft, parts rose 188.32 percent compared to last year to $46.26 million.
  • Soybeans totaled $33.82 million. The previous year, there were no exports in this category.
  • Coal, briquettes totaled $22.19 million. The previous year, there were no exports in this category.
  • Aircraft engines, engine parts rose 5.49 percent compared to last year to $11.68 million.

Looking more closely at U.S. imports from Portugal:

  • Gasoline, other fuels rose 98.71 percent compared to last year to $128.29 million.
  • Medicines in individual dosages fell 3.59 percent compared to last year to $40.83 million.
  • Rubber tires rose 86.26 percent compared to last year to $22.49 million.
  • Misc. natural cork rose 12.26 percent compared to last year to $22.43 million.
  • Leather shoes fell 2.6 percent compared to last year to $18.83 million.

In the latest annual figures available, Portugal recorded $4.7 billion in trade with the United States. At year’s end, its were New York City; Atlanta/Savannah; New Orleans; Chicago; and Houston. Total U.S. exports to Portugal were $ 1.19 billion and imports from Portugal were $3.5 billion. The U.S. deficit with Portugal was $2.31 billion.