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Portugal

Portugal ranked No. 60 in total trade value through March with a total of $1.37 billion. Exports totaled $426.84 million and Imports totaled $940.37 million, a deficit of $513.53 million.

January – March 2019

Top Trading Ports

Total Trade: $1.37 billion

RankPortTotal YTD
1Port of Newark $265,457,956
2Port of Perth Amboy, N.J. $78,198,777
3Port of Virginia $69,603,926
4Port of Lake Charles, La. $65,705,558
5John F. Kennedy International Airport $64,023,634
6Port of Savannah, Ga. $61,283,580
7Port of New Orleans $54,811,879
8Port of Charleston $54,394,328
9Chicago O’Hare International Airport $49,654,695
10Port of Oakland, Calif. $46,503,336

U.S. trade with Portugal rose to $1.37 billion through March

Portugal’s trade with the United States rose to $1.37 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16 percent above its total trade during the same time period last year. Portugal’s exports increased 38.25 percent while imports rose 8.1 percent. The U.S. deficit with Portugal was $513.53 million.

Through March, 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 Virginia; No. 4 Port of Lake Charles, La.; and No. 5 John F. Kennedy International Airport. 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 Charleston and No. 5 Port of Houston. In the current time period, the top five accounted for 39.72 percent of Portugal’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 10.27 percent to $265.46 million.
    Exports rose 73.78 percent to $55.15 million. Imports fell 20.37 percent to $210.31 million.
  • Trade with No. 2 Port of Perth Amboy, N.J. rose 132837 percent to $78.2 million.
    There were no exports. Imports rose 132837 percent to $78.2 million.
  • Trade with No. 3 Port of Virginia rose 151.23 percent to $69.6 million.
    Exports fell 30.17 percent to $6.85 million. Imports rose 250.66 percent to $62.75 million.
  • Trade with No. 4 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. 5 John F. Kennedy International Airport fell 10.99 percent to $64.02 million.
    Exports fell 33.71 percent to $16.23 million. Imports rose 0.73 percent to $47.8 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. 63.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Portugal by value through March were the categories of Petroleum gases, other gaseous hydrocarbons; Civilian aircraft, parts; Soybeans; Coal, briquettes; and Aircraft engines, engine parts, respectively. They accounted for 58.74 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; Misc. natural cork; Rubber tires; and Paper, uncoated, for writing –– accounted for 36.6 percent of all inbound shipments.

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

  • Petroleum gases, other gaseous hydrocarbons rose 379.25 percent compared to last year to $74.75 million.
  • Civilian aircraft, parts rose 27.78 percent compared to last year to $67.34 million.
  • Soybeans totaled $56.15 million. The previous year, there were no exports in this category.
  • Coal, briquettes rose 263.13 percent compared to last year to $31.67 million.
  • Aircraft engines, engine parts rose 39.69 percent compared to last year to $20.8 million.

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

  • Gasoline, other fuels rose 27.43 percent compared to last year to $172.6 million.
  • Medicines in individual dosages rose 14.93 percent compared to last year to $70.37 million.
  • Misc. natural cork rose 7.06 percent compared to last year to $35.68 million.
  • Rubber tires rose 70.22 percent compared to last year to $34.27 million.
  • Paper, uncoated, for writing rose 15.62 percent compared to last year to $31.26 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.