Key Market Indicators
Exports of tractors from Portugal are expected to decrease by 2% annually on average, reaching $26 billion by 2026. In 2021, Portuguese exports totaled $29 billion, making it the 41st largest exporter of tractors. Malaysia led the way with $29 billion, followed by Mexico, the Netherlands, and the United States. Imports of tractors to Portugal are projected to climb 2.1% annually on average, reaching $684 million by 2026. In 2021, Portuguese imports totaled $598 million, making it the 19th largest importer of tractors. Argentina led the way with $598 million, followed by Canada, France and Germany. Since 1993, Portuguese demand for tractors has grown by 6.2% every year.
