The volume of cottonseed oil shipped by Portugal in 2020 was 16,331 tons. In 2019 Portugal exported 13,281 tonnes of cottonseed oil. Across 2019 alone, the demand for Portugal cottonseed oil (processed category) has gone down, flactuating by -43.435 percent compared to the year 2018. Between 2017 and 2019, cottonseed oil's exports decreased by -41.44% earning the country US$12.18m for the year 2019. Portugal's cottonseed oil exports are classified as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Crude cotton-seed oil (HS code 151221)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
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Portugal baumwollöl export values
In 2019, Portugal supplied cottonseed oil costing 12.18m USD, a reduction of -50.75% from 2018's total cottonseed oil export of 24.73m USD. The yearly reduction in value of Portugal cottonseed oil between 2017 to 2018 was 4.957 pc.
The yearly change in the amount of Portugal's cottonseed oil exports between 2017 and 2019 was -41.44% when compared to a variation of -43.435% in the growth rate between 2018 and 2019.
Portugal's portion of the world's total cottonseed oil's exports in 2019 was less than 1%. Portugal holds number 27 in world exports of cottonseed oil.
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Export markets for Portugal baumwollöl ( in '000$ )
Portugal's best performing destinations for cottonseed oil are Switzerland, Sao Tome and Principe, Angola, Brazil and Spain.
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Import/Export Trends
Portugal is a net importer of cottonseed oil. The annual growth of Portugal cottonseed oil in value between 2015 to 2019 was 4%, per annum, while annual growth in quantity during the same period was -1%, per annum.
Portugal imported 25,886 tonnes of cottonseed oil in 2019.
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