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2022
Flag → Flag
Exports $11.9BRnk 30 / 223
2022
Flag → Flag
Top Product $1.37BCars
2022
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Exports $8.76BRnk 3 / 208
2022
Flag → Flag
Top Product $1.09BCars
2022
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Economic Complexity (ECI) ECI 1.75Rnk 3 / 124
2022
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Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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GDP PC $48,432CURRENT US$
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2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Germany-Portugal In 2022, Germany exported $11.9B to Portugal. The main products that Germany exported to Portugal are Cars ($1.37B), Integrated Circuits ($614M), and Motor vehicles; parts and accessories (8701 to 8705) ($607M). During the last 27 years the exports of Germany to Portugal have increased at an annualized rate of 3.54%, from $4.66B in 1995 to $11.9B in 2022.

In 2020, Germany exported services to Portugal worth $971M, with Other business services ($498M), Transportation ($162M), and Computer and information services ($154M) being the largest in terms of value.

Portugal-Germany In 2022, Portugal exported $8.76B to Germany. The main products that Portugal exported to Germany were Cars ($1.09B), Revolution Counters ($716M), and Leather Footwear ($406M). During the last 27 years the exports of Portugal to Germany have increased at an annualized rate of 2.1%, from $5B in 1995 to $8.76B in 2022.

In 2020, Portugal exported services to Germany worth $2.13B, with Travel ($1.01B), Other business services ($503M), and Transportation ($482M) being the largest in terms of value.

Comparison In 2022,  Germany ranked 3 in the Economic Complexity Index (ECI 1.75), and 3 in total exports ($1.6T). That same year, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B).

Latest Trends

January, 2024

About

Overview In January 2024, Germany exported €1.07B and imported €726M from Portugal, resulting in a positive trade balance of €347M. Between January 2023 and January 2024 the exports of Germany have increased by €94.1M (9.61%) from €979M to €1.07B, while imports increased by €107M (17.4%) from €618M to €726M.

Trade In January 2024, the top exports of Germany to Portugal were Motor cars and motor caravans (€123M), Chassis, bodies, engines etc. for motor... (€94.4M), Electronic devices (€70.1M), Other chemical final products (€67.5M), and Machinery for electricity production, distribution (€59M). In January 2024 the top imports of Germany from Portugal were Motor cars and motor caravans (€56.3M), Measuring and automatical control instruments (€48.5M), Machinery for electricity production, distribution (€45.8M), Estimations for non-response (€42.4M), and Footwear (€40.7M).

Origins In January 2024 the exports of Germany were mainly from Lower Saxony (€134M), North Rhine-Westphalia (€132M), Bavaria (€130M), Baden-Württemberg (€122M), and Saxony (€49.1M), while imports destinations were mainly Bavaria (€151M), Lower Saxony (€140M), Baden-Württemberg (€123M), North Rhine-Westphalia (€103M), and Rhineland-Pfalz (€51.7M).

Growth In January 2024, the increase in Germany's year-by-year exports to Portugal was explained primarily by an increase in product exports in Motor cars and motor caravans (€40.5M or 49.2%), Estimations for non-response (€35.5M or 16.2k%), and Chassis, bodies, engines etc. for motor... (€32.3M or 52%). In January 2024, the increase in Germany's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Estimations for non-response (€26.2M or 161%), Motor cars and motor caravans (€17.4M or 44.7%), and Articles of rubber (€5.45M or 28.7%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€94.1M(9.61%)
IMPORT GROWTH (January 2023 - January 2024)€107M(17.4%)
MAIN EXPORTER (January 2024)Lower Saxony€134M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Portugal and Germany trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $11.9B to Portugal. The main products exported from Germany to Portugal were Cars ($1.37B), Integrated Circuits ($614M), and Motor vehicles; parts and accessories (8701 to 8705) ($607M). During the last 27 years the exports of Germany to Portugal have increased at an annualized rate of 3.54%, from $4.66B in 1995 to $11.9B in 2022.

In 2022, Portugal exported $8.76B to Germany. The main products exported from Portugal to Germany were Cars ($1.09B), Revolution Counters ($716M), and Leather Footwear ($406M). During the last 27 years the exports of Portugal to Germany have increased at an annualized rate of 2.1%, from $5B in 1995 to $8.76B in 2022.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Portugal
Top DestinationSpain$20.5B

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

In 2021, countries that imported more from Germany than Portugal were United States ($153B), France ($120B), and China ($109B).

In 2021, countries that imported more from Portugal than Germany were Angola ($1.59B), Gibraltar ($561M), and Cape Verde ($407M).

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

Comparative Advantage Germany - Portugal

Flow
Scale

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

During 2022, Germany had a large net trade with Portugal in the exports of Machines ($3.71B), Transportation ($2.55B), and Chemical Products ($1.83B).

During 2022, Portugal had a large net trade with Germany in the exports of Machines ($2.27B), Transportation ($1.67B), and Instruments ($838M).

Service Trade

Bilateral Service Trade

In 2020, Germany exported services to Portugal worth $971M, with Other business services ($498M), Transportation ($162M), and Computer and information services ($154M) being the largest in terms of value.

In 2020, Portugal exported services to Germany worth $2.13B, with Travel ($1.01B), Other business services ($503M), and Transportation ($482M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Germany has comparative advantage over Portugal. Similarly, the more yellow a dot/product is, the more Portugal has comparative advantage over Germany.

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

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