2022
Flag  
GDP
$1.92TCURRENT US$
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2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
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2022
Flag
 GDP
$252BCURRENT US$
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2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
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2022
Flag
GDP PC 
$8,918CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
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2022
Flag
GDP PC
$24,275CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
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About

Brazil-Portugal Trade: In 2022, Brazil exported $4.44B to Portugal. The main products that Brazil exported to Portugal were Crude Petroleum ($2.55B), Soybeans ($350M), and Corn ($288M). Over the past 5 years the exports of Brazil to Portugal have increased at an annualized rate of 25.1%, from $1.45B in 2017 to $4.44B in 2022.

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

Portugal-Brazil Trade: In 2022, Portugal exported $995M to Brazil. The main products that Portugal exported to Brazil were Pure Olive Oil ($298M), Aircraft Parts ($125M), and Wine ($72M). Over the past 5 years the exports of Portugal to Brazil have decreased at an annualized rate of 1.82%,  from $1.09B in 2017 to $995M in 2022.

In 2020, Portugal exported services to Brazil worth $580M, with Transportation ($287M), Travel ($241M), and Other business services ($34.3M) being the largest in terms of value.

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). 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
Value

In 2022, Brazil exported $4.44B to Portugal. The main products exported from Brazil to Portugal were Crude Petroleum ($2.55B), Soybeans ($350M), and Corn ($288M). During the last 5 years the exports of Brazil to Portugal have increased at an annualized rate of 25.1%, from $1.45B in 2017 to $4.44B in 2022.

In 2017, Portugal exported $995M to Brazil. The main products exported from Portugal to Brazil were Pure Olive Oil ($298M), Aircraft Parts ($125M), and Wine ($72M). During the last 5 years the exports of Portugal to Brazil have decreased at an annualized rate of 1.82%, from $1.09B in 2022 to $995M in 2017.

Exports from Brazil (Flag) to Portugal (Flag) (2022)

Exports from Portugal (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Portugal
Top Destination
Spain$20.5B

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

In 2022, countries that imported more from Brazil than Portugal included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

Difference in imports from Portugal (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Portugal

Flow
Scale

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

During 2022, Brazil had a large net trade with Portugal in the exports of Mineral Products ($2.78B), Vegetable Products ($762M), and Metals ($292M).

During 2017, Portugal had a large net trade with Brazil in the exports of Animal and Vegetable Bi-Products ($299M), Transportation ($146M), and Foodstuffs ($91.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Portugal+$96.4MRefined Petroleum
Top Product Potential Portugal Brazil+$48.3MRefined Petroleum

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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Bilateral Service Trade

In 2020, Portugal exported services to Brazil worth $580M, with Transportation ($287M), Travel ($241M), and Other business services ($34.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Brazil (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and Portugal (Flag) (2022)

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