2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 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 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

India-Portugal Trade: In 2022, India exported $1.2B to Portugal. The main products that India exported to Portugal were Non-Retail Pure Cotton Yarn ($156M), Refined Petroleum ($98.7M), and Coated Flat-Rolled Iron ($94.5M). Over the past 5 years the exports of India to Portugal have increased at an annualized rate of 8.45%, from $798M in 2017 to $1.2B in 2022.

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

Portugal-India Trade: In 2022, Portugal exported $194M to India. The main products that Portugal exported to India were Recovered Paper ($12.8M), Scrap Vessels ($12.7M), and Marble, Travertine and Alabaster ($11.6M). Over the past 5 years the exports of Portugal to India have increased at an annualized rate of 1.99%,  from $159M in 2017 to $194M in 2022.

In 2020, Portugal exported services to India worth $12.6M, with Travel ($12.6M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $1.2B to Portugal. The main products exported from India to Portugal were Non-Retail Pure Cotton Yarn ($156M), Refined Petroleum ($98.7M), and Coated Flat-Rolled Iron ($94.5M). During the last 5 years the exports of India to Portugal have increased at an annualized rate of 8.45%, from $798M in 2017 to $1.2B in 2022.

In 2017, Portugal exported $194M to India. The main products exported from Portugal to India were Recovered Paper ($12.8M), Scrap Vessels ($12.7M), and Marble, Travertine and Alabaster ($11.6M). During the last 5 years the exports of Portugal to India have increased at an annualized rate of 1.99%, from $159M in 2022 to $194M in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Portugal
Top Destination
Spain$20.5B

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

In 2022, countries that imported more from India than Portugal included United States ($82.9B), United Arab Emirates ($31.6B), and China ($15.3B).

In 2022, countries that imported more from Portugal than India included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

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

Comparative Advantage India - Portugal

Flow
Scale

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

During 2022, India had a large net trade with Portugal in the exports of Textiles ($325M), Chemical Products ($196M), and Metals ($175M).

During 2017, Portugal had a large net trade with India in the exports of Machines ($38.6M), Metals ($31.7M), and Paper Goods ($24.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Portugal+$133MRefined Petroleum
Top Product Potential Portugal India+$11MEthylene Polymers

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 India worth $12.6M, with Travel ($12.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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