Benin (BEN) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Benin-Portugal Trade: In 2022, Benin exported $6.43M to Portugal. The main products that Benin exported to Portugal were Traffic Signals ($3.66M), Raw Cotton ($2.61M), and Fuel Wood ($65.6k). Over the past 5 years the exports of Benin to Portugal have increased at an annualized rate of 35.8%, from $1.39M in 2017 to $6.43M in 2022.

In 2022, Benin did not export any services to Portugal.

Portugal-Benin Trade: In 2022, Portugal exported $11.6M to Benin. The main products that Portugal exported to Benin were Poultry Meat ($3.12M), Iron Structures ($1.65M), and Aluminium Bars ($800k). Over the past 5 years the exports of Portugal to Benin have increased at an annualized rate of 7.23%, from $8.21M in 2017 to $11.6M in 2022.

In 2022, Portugal did not export any services to Benin.

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Benin exported $6.43M to Portugal. The main products exported from Benin to Portugal were Traffic Signals ($3.66M), Raw Cotton ($2.61M), and Fuel Wood ($65.6k). During the last 5 years the exports of Benin to Portugal have increased at an annualized rate of 35.8%, from $1.39M in 2017 to $6.43M in 2022.

In 2017, Portugal exported $11.6M to Benin. The main products exported from Portugal to Benin were Poultry Meat ($3.12M), Iron Structures ($1.65M), and Aluminium Bars ($800k). During the last 5 years the exports of Portugal to Benin have increased at an annualized rate of 7.23%, from $8.21M in 2022 to $11.6M in 2017.

Exports from Benin () to Portugal () (2022)

Exports from Portugal () to Benin () (2022)

Latest Data

Trade between Benin () and Portugal ()

Benin Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Portugal
Top DestinationSpain$20.5B

This map shows whether countries import more from Benin or Portugal. Each country is colored based on the difference in imports they receive from Benin and Portugal or the difference in the growth in imports.

In 2022, countries that imported more from Benin than Portugal included Bangladesh ($406M), India ($448M), and United Arab Emirates ($382M).

In 2022, countries that imported more from Portugal than Benin included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

Difference in imports from Portugal () and Benin () (2022)

Comparative Advantage Benin - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Benin and Portugal by product, considering products traded by both, Benin and Portugal.

During 2022, Benin had a large net trade with Portugal in the exports of N/A.

During 2017, Portugal had a large net trade with Benin in the exports of Animal Products ($3.4M), Metals ($3.13M), and Machines ($1.85M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Portugal+$1.27MRaw Cotton

Top Product Potential Portugal Benin+$765kIron Structures

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Benin and Portugal. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Benin.

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Portugal () (2022)

Exports from Portugal () to Benin () (2022)

Latest Data

Trade between Benin () and Portugal ()

Benin Exports

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Benin () (2022)

Comparative Advantage Benin - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Benin () and Portugal () (2022)

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