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2022
Flag → Flag
Exports $310MRnk 34 / 208
2022
Flag → Flag
Top Product $92.1MCars
2022
Flag → Flag
Exports $44.3MRnk 92 / 213
2022
Flag → Flag
Top Product $17.2MRapeseed
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Portugal-Australia Trade: In 2022, Portugal exported $310M to Australia. The main products that Portugal exported to Australia were Cars ($92.1M), Packaged Medicaments ($29.4M), and Leather Footwear ($10.3M). Over the past 5 years the exports of Portugal to Australia have increased at an annualized rate of 12%, from $176M in 2017 to $310M in 2022.

In 2020, Portugal exported services to Australia worth $17.1M, with Travel ($17.1M) being the largest in terms of value.

Australia-Portugal Trade: In 2022, Australia exported $44.3M to Portugal. The main products that Australia exported to Portugal were Rapeseed ($17.2M), Spark-Ignition Engines ($2.54M), and Sheep Hides ($2.36M). Over the past 5 years the exports of Australia to Portugal have decreased at an annualized rate of 0.69%,  from $46.1M in 2017 to $44.3M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €13M and imported €1.01M from Australia, resulting in a positive trade balance of €12M. Between June 2023 and June 2024 the exports of Portugal have decreased by €-19.8M (-60.3%) from €32.8M to €13M, while imports decreased by €-5.93M (-85.4%) from €6.94M to €1.01M.

Trade In June 2024, the top exports of Portugal to Australia were Cars, tractors, trucks & parts thereof. (€15.2M), Cork & cork articles (€1.18M), Footwear (€1.1M), Preparations of vegetables, fruit, nuts or... (€766k), and Rubber & articles thereof (€671k). In June 2024 the top imports of Portugal from Australia were Oils seeds, oleaginous fruits, grains, straw... (€6.93M), Raw hides & skin (non-fur) (€359k), Machinery, mechanical appliances, & parts (€142k), Optical, photo, & film equipment; medical... (€106k), and Plastics & articles thereof (€100k).

Growth In June 2024, the decrease in Portugal's year-by-year exports to Australia was explained primarily by an decrease in product exports in Used clothes & textile articles (€-477k or -73%), Electrical machinery and electronics (€-462k or -63.2%), and Stone, plaster, cement, asbestos, mica. (€-332k or -68.7%). In June 2024, the decrease in Portugal's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Ships, boats, & floating structures (€-213k or -100%), Plastics & articles thereof (€-154k or -60.7%), and Furniture, bedding, lamps, & prefab buildings (€-108k or -78.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€-19.8M(-60.3%)
IMPORT GROWTH (June 2023 - June 2024)€-5.93M(-85.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Australia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $310M to Australia. The main products exported from Portugal to Australia were Cars ($92.1M), Packaged Medicaments ($29.4M), and Leather Footwear ($10.3M). During the last 5 years the exports of Portugal to Australia have increased at an annualized rate of 12%, from $176M in 2017 to $310M in 2022.

In 2017, Australia exported $44.3M to Portugal. The main products exported from Australia to Portugal were Rapeseed ($17.2M), Spark-Ignition Engines ($2.54M), and Sheep Hides ($2.36M). During the last 5 years the exports of Australia to Portugal have decreased at an annualized rate of 0.69%, from $46.1M in 2022 to $44.3M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Australia
Top DestinationChina$123B

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

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

In 2022, countries that imported more from Australia than Portugal included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Portugal - Australia

Flow
Scale

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

During 2022, Portugal had a large net trade with Australia in the exports of Transportation ($97.5M), Chemical Products ($49M), and Machines ($27.2M).

During 2017, Australia had a large net trade with Portugal in the exports of Vegetable Products ($19.3M), Machines ($13.2M), and Animal Hides ($2.43M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Australia+$44.6MCars
Top Product Potential Australia Portugal+$1.12MRefined Petroleum

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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Economic Complexity

Competitive Landscape

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

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

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