New Zealand (NZL) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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New Zealand-Portugal Trade: In 2023, New Zealand exported $24.2M to Portugal. The main products that New Zealand exported to Portugal were Sheep and Goat Meat ($6.11M), Non-fillet Frozen Fish ($4.1M), and Processed Crustaceans ($3.53M). Over the past 5 years the exports of New Zealand to Portugal have decreased at an annualized rate of 8.54%, from $37.9M in 2018 to $24.2M in 2023.

In 2018, New Zealand exported services to Portugal worth $23.5M, with Travel ($23.5M) being the largest in terms of value.

Portugal-New Zealand Trade: In 2023, Portugal exported $52.9M to New Zealand. The main products that Portugal exported to New Zealand were Raw Plastic Sheeting ($6.39M), Cars ($4.03M), and Leather Footwear ($2.34M). Over the past 5 years the exports of Portugal to New Zealand have increased at an annualized rate of 3.7%, from $44.1M in 2018 to $52.9M in 2023.

In 2020, Portugal exported services to New Zealand worth $2.28M, with Travel ($2.28M) being the largest in terms of value.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $24.2M to Portugal. The main products exported from New Zealand to Portugal were Sheep and Goat Meat ($6.11M), Non-fillet Frozen Fish ($4.1M), and Processed Crustaceans ($3.53M). During the last 5 years the exports of New Zealand to Portugal have decreased at an annualized rate of 8.54%, from $37.9M in 2018 to $24.2M in 2023.

In 2018, Portugal exported $52.9M to New Zealand. The main products exported from Portugal to New Zealand were Raw Plastic Sheeting ($6.39M), Cars ($4.03M), and Leather Footwear ($2.34M). During the last 5 years the exports of Portugal to New Zealand have increased at an annualized rate of 3.7%, from $44.1M in 2023 to $52.9M in 2018.

Exports from New Zealand () to Portugal () (2023)

Exports from Portugal () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Portugal ()

New Zealand Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from New Zealand than Portugal included China ($12.3B), Australia ($5.2B), and Japan ($2.62B).

In 2023, countries that imported more from Portugal than New Zealand included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

Difference in imports from Portugal () and New Zealand () (2023)

Comparative Advantage New Zealand - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Portugal in the exports of Animal Products ($12M), Foodstuffs ($3.83M), and Machines ($2.84M).

During 2018, Portugal had a large net trade with New Zealand in the exports of Textiles ($9.35M), Plastics and Rubbers ($8.09M), and Machines ($7.63M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Portugal+$1.24MSheep and Goat Meat

Top Product Potential Portugal New Zealand+$9.69MCars

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

Prt Year

Nzl Year

In 2018, New Zealand exported services to Portugal worth $23.5M, with Travel ($23.5M) being the largest in terms of value.

In 2020, Portugal exported services to New Zealand worth $2.28M, with Travel ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand () to Portugal () (2018)

Services Exports from Portugal () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Portugal () (2023)

Exports from Portugal () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Portugal ()

New Zealand Exports

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and New Zealand () (2023)

Comparative Advantage New Zealand - Portugal

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from New Zealand () to Portugal () (2018)

Services Exports from Portugal () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Portugal () (2023)

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