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Portugal

Portugal ranked No. 60 in total trade value through August with a total of $3.78 billion. Exports totaled $1.1 billion and Imports totaled $2.68 billion, a deficit of $1.59 billion.

January – August 2019

Top Trading Ports

Total Trade: $3.78 billion

RankPortTotal YTD
1Port of Newark $758,995,014
2Port of New Haven, Conn. $213,736,396
3John F. Kennedy International Airport $177,939,954
4Chicago O’Hare International Airport $160,634,221
5Port of Charleston $159,993,030
6Port of Savannah, Ga. $156,505,582
7Port of Houston $154,136,512
8Port of Virginia $148,843,233
9Port of Oakland, Calif. $122,299,976
10Port of Lake Charles, La. $120,106,131

U.S. trade with Portugal rose to $3.78 billion through August

Portugal’s trade with the United States rose to $3.78 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.53 percent above its total trade during the same time period last year. U.S. exports to Portugal increased 24.42 percent while U.S. imports from Portugal fell 3.11 percent. The U.S. deficit with Portugal was $1.59 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of New Haven, Conn.; No. 3 John F. Kennedy International Airport; No. 4 Chicago O’Hare International Airport; and No. 5 Port of Charleston. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Savannah, Ga. No. 3 Port of Perth Amboy, N.J. No. 4 John F. Kennedy International Airport and No. 5 Port of Charleston. In the current time period, the top five accounted for 38.93 percent of Portugal’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 17.16 percent to $759 million.
    Exports rose 55.72 percent to $131.76 million. Imports fell 24.57 percent to $627.24 million.
  • Trade with No. 2 Port of New Haven, Conn. rose 388.14 percent to $213.74 million.
    There were no exports. Imports rose 388.14 percent to $213.74 million.
  • Trade with No. 3 John F. Kennedy International Airport rose 10.6 percent to $177.94 million.
    Exports rose 18.35 percent to $47.89 million. Imports rose 8 percent to $130.05 million.
  • Trade with No. 4 Chicago O’Hare International Airport rose 54.23 percent to $160.63 million.
    Exports rose 120.64 percent to $64.91 million. Imports rose 28.08 percent to $95.72 million.
  • Trade with No. 5 Port of Charleston rose 4.49 percent to $159.99 million.
    Exports fell 14.07 percent to $21.23 million. Imports rose 8.06 percent to $138.76 million.

Portugal ranked No. 60 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 59.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Portugal by value through August were the categories of Petroleum gases, other gaseous hydrocarbons; Civilian aircraft, parts; Aircraft engines, engine parts; Soybeans; and Coal, briquettes, respectively. They accounted for 56.84 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 Paper, uncoated, for writing –– accounted for 38.82 percent of all inbound shipments.

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

  • Petroleum gases, other gaseous hydrocarbons rose 98.42 percent compared to last year to $242.44 million.
  • Civilian aircraft, parts rose 37.53 percent compared to last year to $185.39 million.
  • Aircraft engines, engine parts rose 122 percent compared to last year to $85.82 million.
  • Soybeans rose 58.61 percent compared to last year to $56.15 million.
  • Coal, briquettes rose 70.08 percent compared to last year to $52.62 million.

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

  • Gasoline, other fuels fell 16.46 percent compared to last year to $611.73 million.
  • Medicines in individual dosages fell 2.53 percent compared to last year to $133.23 million.
  • Rubber tires rose 38.22 percent compared to last year to $106.15 million.
  • Misc. natural cork fell 9.3 percent compared to last year to $103.58 million.
  • Paper, uncoated, for writing fell 0.47 percent compared to last year to $87.42 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.