2022
Flag  
GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC 
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

Estonia-Portugal Trade: In 2022, Estonia exported $48.2M to Portugal. The main products that Estonia exported to Portugal were Non-fillet Frozen Fish ($6.8M), Sawn Wood ($4.33M), and Vitamins ($2.18M). Over the past 5 years the exports of Estonia to Portugal have increased at an annualized rate of 8.05%, from $32.8M in 2017 to $48.2M in 2022.

In 2020, Estonia exported services to Portugal worth $29.2M, with Other business services ($25.4M), Computer and information services ($1.26M), and Travel ($1.14M) being the largest in terms of value.

Portugal-Estonia Trade: In 2022, Portugal exported $79.5M to Estonia. The main products that Portugal exported to Estonia were Raw Iron Bars ($11.2M), Delivery Trucks ($9.36M), and Integrated Circuits ($2.95M). Over the past 5 years the exports of Portugal to Estonia have increased at an annualized rate of 17.7%,  from $35.2M in 2017 to $79.5M in 2022.

In 2020, Portugal exported services to Estonia worth $4.57M, with Travel ($4.57M) being the largest in terms of value.

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. 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, Estonia exported $48.2M to Portugal. The main products exported from Estonia to Portugal were Non-fillet Frozen Fish ($6.8M), Sawn Wood ($4.33M), and Vitamins ($2.18M). During the last 5 years the exports of Estonia to Portugal have increased at an annualized rate of 8.05%, from $32.8M in 2017 to $48.2M in 2022.

In 2017, Portugal exported $79.5M to Estonia. The main products exported from Portugal to Estonia were Raw Iron Bars ($11.2M), Delivery Trucks ($9.36M), and Integrated Circuits ($2.95M). During the last 5 years the exports of Portugal to Estonia have increased at an annualized rate of 17.7%, from $35.2M in 2022 to $79.5M in 2017.

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

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

Market Competitiveness

Color
Estonia
Top Destination
Finland$3B
Portugal
Top Destination
Spain$20.5B

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

In 2022, countries that imported more from Estonia than Portugal included Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

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

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

Comparative Advantage Estonia - Portugal

Flow
Scale

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

During 2022, Estonia had a large net trade with Portugal in the exports of Wood Products ($9.7M), Machines ($8.75M), and Animal Products ($7.22M).

During 2017, Portugal had a large net trade with Estonia in the exports of Metals ($20.6M), Machines ($13.9M), and Transportation ($12.4M).

Bilateral Service Trade

In 2020, Estonia exported services to Portugal worth $29.2M, with Other business services ($25.4M), Computer and information services ($1.26M), and Travel ($1.14M) being the largest in terms of value.

In 2020, Portugal exported services to Estonia worth $4.57M, with Travel ($4.57M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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