The quantity of natural rubber sold by Portugal in 2020 was 137 metric tons. In 2019 Portugal exported 503 tonnes of natural rubber. In 2019 alone, the market for Portugal natural rubber (processed category) has decreased, flactuating by -51.635 pc compared to the year 2018. Between 2017 and 2019, natural rubber's exports decreased by -9.69 percent bringing Portugal US$2.06m for the year 2019. Portugal's natural rubber exports are classified as:
- Technically specified natural rubber "TSNR" (HS code 400122)
- Natural rubber in primary forms or in plates, sheets or strip (excluding smoked sheets, technically specified natural rubber "TSNR" and natural rubber latex, whether or not prevulcanised) (HS code 400129)
- Balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip (excluding natural rubber, whether or not prevulcanised) (HS code 400130)
- Natural rubber latex, whether or not prevulcanised (HS code 400110)
- Smoked sheets of natural rubber (HS code 400121)
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Portugal borracha natural export values
In 2019, Portugal supplied natural rubber with a value of 2.06m USD, an increment of 51.47% from 2018's total natural rubber export of 1.36m USD. The yearly growth in value of Portugal natural rubber between 2017 to 2018 was 10.121 pc.
The annual/yearly change in the quantity of Portugal's natural rubber exports between 2017 and 2019 was -9.69 pc when compared to a variation of -51.635% in the growth rate between 2018 and 2019.
Portugal's share of the world's total natural rubber's exports in 2019 was less than 1%. Portugal holds number 22 in world exports of natural rubber.
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Export markets for Portugal borracha natural ( in '000$ )
Portugal's leading destinations for natural rubber are Brazil, Spain, Germany, Romania and Vietnam.
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Import/Export Trends
Portugal is a net importer of natural rubber. The annual growth of Portugal natural rubber in value between 2015 to 2019 was -26%, per year, while annual growth in quantity through the same period was -10%, per annum.
Portugal brought in 33,501 tonnes of natural rubber in 2019.
