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2022
Flag → Flag
Exports $1.04BRnk 12 / 208
2022
Flag → Flag
Top Product $75.1MElectric Heaters
2022
Flag → Flag
Exports $938MRnk 41 / 219
2022
Flag → Flag
Top Product $181MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.97Rnk 2 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 128 / 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$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186

About

Portugal-Switzerland Trade: In 2022, Portugal exported $1.04B to Switzerland. The main products that Portugal exported to Switzerland were Electric Heaters ($75.1M), Cars ($54.6M), and Leather Footwear ($53.9M). Over the past 5 years the exports of Portugal to Switzerland have increased at an annualized rate of 4.52%, from $830M in 2017 to $1.04B in 2022.

In 2020, Portugal exported services to Switzerland worth $981M, with Travel ($347M), Other business services ($330M), and Transportation ($263M) being the largest in terms of value.

Switzerland-Portugal Trade: In 2022, Switzerland exported $938M to Portugal. The main products that Switzerland exported to Portugal were Packaged Medicaments ($181M), Vaccines, blood, antisera, toxins and cultures ($178M), and Coffee ($48.5M). Over the past 5 years the exports of Switzerland to Portugal have increased at an annualized rate of 6.61%,  from $681M in 2017 to $938M in 2022.

In 2019, Switzerland exported services to Portugal worth $337M, with Financial services ($135M), Royalties and license fees ($78.1M), and Travel ($56.3M) 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, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €65.5M and imported €42.1M from Switzerland, resulting in a positive trade balance of €23.4M. Between June 2023 and June 2024 the exports of Portugal have decreased by €-4.9M (-6.96%) from €70.4M to €65.5M, while imports decreased by €-2.13M (-4.81%) from €44.2M to €42.1M.

Trade In June 2024, the top exports of Portugal to Switzerland were Pharmaceutical products (€8.8M), Electrical machinery and electronics (€6.58M), Knitted clothing accesories (€3.97M), Beverages, spirits, & vinegar (€3.96M), and Machinery, mechanical appliances, & parts (€3.67M). In June 2024 the top imports of Portugal from Switzerland were Pharmaceutical products (€21.2M), Electrical machinery and electronics (€7.34M), Organic chemicals (€2.8M), Cars, tractors, trucks & parts thereof. (€1.96M), and Machinery, mechanical appliances, & parts (€1.87M).

Growth In June 2024, the decrease in Portugal's year-by-year exports to Switzerland was explained primarily by an decrease in product exports in Organic chemicals (€-2.31M or -100%), Beverages, spirits, & vinegar (€-964k or -19.6%), and Cork & cork articles (€-936k or -56.8%). In June 2024, the decrease in Portugal's year-by-year imports  from Switzerland was explained primarily by an decrease in product imports  in Organic chemicals (€-1.97M or -41.3%), Copper articles (€-338k or -63.8%), and Plastics & articles thereof (€-159k or -15.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€-4.9M(-6.96%)
IMPORT GROWTH (June 2023 - June 2024)€-2.13M(-4.81%)

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 Switzerland and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Switzerland and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $1.04B to Switzerland. The main products exported from Portugal to Switzerland were Electric Heaters ($75.1M), Cars ($54.6M), and Leather Footwear ($53.9M). During the last 5 years the exports of Portugal to Switzerland have increased at an annualized rate of 4.52%, from $830M in 2017 to $1.04B in 2022.

In 2017, Switzerland exported $938M to Portugal. The main products exported from Switzerland to Portugal were Packaged Medicaments ($181M), Vaccines, blood, antisera, toxins and cultures ($178M), and Coffee ($48.5M). During the last 5 years the exports of Switzerland to Portugal have increased at an annualized rate of 6.61%, from $681M in 2022 to $938M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from Portugal than Switzerland included Spain ($20.5B), Angola ($1.59B), and Gibraltar ($561M).

In 2022, countries that imported more from Switzerland than Portugal included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

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

Comparative Advantage Portugal - Switzerland

Flow
Scale

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

During 2022, Portugal had a large net trade with Switzerland in the exports of Machines ($161M), Textiles ($126M), and Transportation ($105M).

During 2017, Switzerland had a large net trade with Portugal in the exports of Chemical Products ($451M), Machines ($139M), and Instruments ($103M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Switzerland+$51MCars
Top Product Potential Switzerland Portugal+$67.9MPackaged Medicaments

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 Switzerland worth $981M, with Travel ($347M), Other business services ($330M), and Transportation ($263M) being the largest in terms of value.

In 2019, Switzerland exported services to Portugal worth $337M, with Financial services ($135M), Royalties and license fees ($78.1M), and Travel ($56.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Switzerland (Flag) to Portugal (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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