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Who buys Portugal’s refined petroleum products? Export destinations 2024

In 2024, Portugal exported $3.1 billion of refined petroleum products (4.3 million tonnes), 0.4% of the world total. Its main destinations were the United States (35%), Gibraltar (16%) and the Netherlands (13%). Portugal was the world’s 40th-largest exporter of refined petroleum products.

Summary

Value
$3.1billion
Tonnes
4.3million tonnes
Share of world total
0.4%
World rank
40th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States1.1Tonnes: 1,581,877USD per tonne: $69335%Sea
Gibraltar0.49Tonnes: 885,500USD per tonne: $55115.6%Sea
Netherlands re-exports0.41Tonnes: 550,320USD per tonne: $73612.9%Sea
Belgium re-exports0.22Tonnes: 251,292USD per tonne: $8747%Sea
Spain0.22Tonnes: 175,535USD per tonne: $1,2457%Land
Morocco0.19Tonnes: 267,761USD per tonne: $6966%Sea
Finland0.11Tonnes: 153,501USD per tonne: $7013.4%Sea
France0.07Tonnes: 102,041USD per tonne: $7102.3%Sea
Singapore re-exports0.07Tonnes: 84,565USD per tonne: $7962.2%Sea
Guinea-Bissau0.06Tonnes: 73,240USD per tonne: $7881.8%Sea
Egypt0.05Tonnes: 40,329USD per tonne: $1,1821.5%Sea
Angola0.04Tonnes: 7,488USD per tonne: $5,3421.3%Sea
Brazil0.03Tonnes: 33,194USD per tonne: $7860.83%Sea
Libya0.02Tonnes: 30,133USD per tonne: $6830.66%Sea
Cabo Verde0.01Tonnes: 23,834USD per tonne: $5350.41%Sea
Turkey0.01Tonnes: 13,269USD per tonne: $7980.34%Sea
Paraguay0.01Tonnes: 9,139USD per tonne: $9590.28%Sea
Senegal0.01Tonnes: 7,415USD per tonne: $9560.23%Sea
Germany0.01Tonnes: 15,216USD per tonne: $4110.2%Sea
Panama< 0.01Tonnes: 16,523USD per tonne: $2690.14%Sea

Trend

Who it sells to

The United States has been its main destination since 2016

Value in USD billions. The five largest destinations in 2024.

  • United States 1.1
  • Gibraltar 0.49
  • Netherlands 0.41
  • Belgium 0.22
  • Spain 0.22

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.121.1
Gibraltar< 0.010.49
Netherlands0.010.41
Belgium0.020.22
Spain0.090.22

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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