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2022
Flag → Flag
Exports $883MRnk 16 / 208
2022
Flag → Flag
Top Product $343MUnpackaged Medicaments
2022
Flag → Flag
Exports $377MRnk 48 / 215
2022
Flag → Flag
Top Product $80.1MPlanes, Helicopters, and/or Spacecraft
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Portugal-Canada Trade: In 2022, Portugal exported $883M to Canada. The main products that Portugal exported to Canada were Unpackaged Medicaments ($343M), Wine ($55.4M), and House Linens ($33.8M). Over the past 5 years the exports of Portugal to Canada have increased at an annualized rate of 18.1%, from $385M in 2017 to $883M in 2022.

In 2020, Portugal exported services to Canada worth $97.1M, with Travel ($97.1M) being the largest in terms of value.

Canada-Portugal Trade: In 2022, Canada exported $377M to Portugal. The main products that Canada exported to Portugal were Planes, Helicopters, and/or Spacecraft ($80.1M), Crude Petroleum ($70.1M), and Corn ($58.4M). Over the past 5 years the exports of Canada to Portugal have increased at an annualized rate of 9.37%,  from $241M in 2017 to $377M in 2022.

In 2020, Canada exported services to Portugal worth $55.9M, with Transportation ($20.1M), Computer and information services ($18.6M), and Travel ($11.2M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €34.9M and imported €12.4M from Canada, resulting in a positive trade balance of €22.4M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-6.48M (-15.7%) from €41.4M to €34.9M, while imports decreased by €-4.74M (-27.6%) from €17.2M to €12.4M.

Trade In August 2024, the top exports of Portugal to Canada were Beverages, spirits, & vinegar (€3.31M), Rubber & articles thereof (€3.18M), Furniture, bedding, lamps, & prefab buildings (€2.39M), Footwear (€2.26M), and Plastics & articles thereof (€2.07M). In August 2024 the top imports of Portugal from Canada were Aircraft and spacecraft (€23.7M), Iron & steel (€2.12M), Plastics & articles thereof (€1.01M), Machinery, mechanical appliances, & parts (€997k), and Inorganic chemicals (€898k).

Growth In August 2024, the decrease in Portugal's year-by-year exports to Canada was explained primarily by an decrease in product exports in Beverages, spirits, & vinegar (€-1.79M or -35.1%), Used clothes & textile articles (€-1.73M or -64.8%), and Machinery, mechanical appliances, & parts (€-774k or -68.8%). In August 2024, the decrease in Portugal's year-by-year imports  from Canada was explained primarily by an decrease in product imports  in Aircraft and spacecraft (€-13.7M or -36.6%), Edible vegetables, roots, & tubers (€-414k or -47.6%), and Machinery, mechanical appliances, & parts (€-225k or -18.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-6.48M(-15.7%)
IMPORT GROWTH (August 2023 - August 2024)€-4.74M(-27.6%)

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 Canada and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $883M to Canada. The main products exported from Portugal to Canada were Unpackaged Medicaments ($343M), Wine ($55.4M), and House Linens ($33.8M). During the last 5 years the exports of Portugal to Canada have increased at an annualized rate of 18.1%, from $385M in 2017 to $883M in 2022.

In 2017, Canada exported $377M to Portugal. The main products exported from Canada to Portugal were Planes, Helicopters, and/or Spacecraft ($80.1M), Crude Petroleum ($70.1M), and Corn ($58.4M). During the last 5 years the exports of Canada to Portugal have increased at an annualized rate of 9.37%, from $241M in 2022 to $377M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Portugal included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Portugal - Canada

Flow
Scale

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

During 2022, Portugal had a large net trade with Canada in the exports of Chemical Products ($378M), Textiles ($108M), and Foodstuffs ($71.3M).

During 2017, Canada had a large net trade with Portugal in the exports of Vegetable Products ($154M), Transportation ($84.6M), and Mineral Products ($70.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Canada+$49.2MRefined Petroleum
Top Product Potential Canada Portugal+$89.7MCrude 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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Bilateral Service Trade

In 2020, Portugal exported services to Canada worth $97.1M, with Travel ($97.1M) being the largest in terms of value.

In 2020, Canada exported services to Portugal worth $55.9M, with Transportation ($20.1M), Computer and information services ($18.6M), and Travel ($11.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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