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 4.02%, 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).