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2023
Flag → Flag
Exports $1.83BRnk 9 / 211
2023
Flag → Flag
Top Product $270MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $5.76BRnk 68 / 208
2023
Flag → Flag
Top Product $1.01BSemiconductor Devices
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

Portugal-China Trade: In 2023, Portugal exported $1.83B to China. The main products that Portugal exported to China were Motor vehicles; parts and accessories (8701 to 8705) ($270M), Navigation Equipment ($206M), and Integrated Circuits ($154M). Over the past 5 years the exports of Portugal to China have increased at an annualized rate of 3.15%, from $1.57B in 2018 to $1.83B in 2023.

In 2020, Portugal exported services to China worth $89.1M, with Travel ($66.2M) and Transportation ($22.8M) being the largest in terms of value.

China-Portugal Trade: In 2023, China exported $5.76B to Portugal. The main products that China exported to Portugal were Semiconductor Devices ($1.01B), Refined Petroleum ($234M), and Broadcasting Equipment ($177M). Over the past 5 years the exports of China to Portugal have increased at an annualized rate of 12%,  from $3.27B in 2018 to $5.76B in 2023.

In 2023, China did not export any services to Portugal.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €45.9M and imported €391M from China, resulting in a negative trade balance of €345M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-21.1M (-31.5%) from €67M to €45.9M, while imports decreased by €-49.6M (-11.3%) from €440M to €391M.

Trade In November 2024, the top exports of Portugal to China were Electrical machinery and electronics (€13.3M), Wood pulp & paper scrap (€11.9M), Copper articles (€11.3M), Salt, sulphur, cement, lime, stone, &... (€4.69M), and Coated, covered, & laminated fabrics for... (€1.68M). In November 2024 the top imports of Portugal from China were Electrical machinery and electronics (€133M), Machinery, mechanical appliances, & parts (€45.7M), Organic chemicals (€23.5M), Cars, tractors, trucks & parts thereof. (€18.6M), and Iron/Steel Articles (€16.7M).

Growth In November 2024, the decrease in Portugal's year-by-year exports to China was explained primarily by an decrease in product exports in Stone, plaster, cement, asbestos, mica. (€-1.49M or -87.6%), Coated, covered, & laminated fabrics for... (€-1.16M or -40.8%), and Footwear (€-729k or -45.2%). In November 2024, the decrease in Portugal's year-by-year imports  from China was explained primarily by an decrease in product imports  in Chemical products n.e.s. (€-15.2M or -94.4%), Machinery, mechanical appliances, & parts (€-14.1M or -23.6%), and Vegetable textile fibers, paper yarn &... (€-5.63M or -89.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-21.1M(-31.5%)
IMPORT GROWTH (November 2023 - November 2024)€-49.6M(-11.3%)

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 China and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $1.83B to China. The main products exported from Portugal to China were Motor vehicles; parts and accessories (8701 to 8705) ($270M), Navigation Equipment ($206M), and Integrated Circuits ($154M). During the last 5 years the exports of Portugal to China have increased at an annualized rate of 3.15%, from $1.57B in 2018 to $1.83B in 2023.

In 2018, China exported $5.76B to Portugal. The main products exported from China to Portugal were Semiconductor Devices ($1.01B), Refined Petroleum ($234M), and Broadcasting Equipment ($177M). During the last 5 years the exports of China to Portugal have increased at an annualized rate of 12%, from $3.27B in 2023 to $5.76B in 2018.

Exports from Portugal (Flag) to China (Flag) (2023)

Exports from China (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Portugal than China included Cape Verde ($536M), Gibraltar ($318M), and Guinea-Bissau ($138M).

In 2023, countries that imported more from China than Portugal included United States ($436B), Hong Kong ($259B), and Japan ($169B).

Difference in imports from China (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - China

Flow
Scale

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

During 2023, Portugal had a large net trade with China in the exports of Machines ($659M), Transportation ($274M), and Paper Goods ($199M).

During 2018, China had a large net trade with Portugal in the exports of Machines ($2.78B), Textiles ($443M), and Metals ($396M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal China+$114MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential China Portugal+$174MTelephones

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 China. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Portugal.

Product Space of Portugal (Flag) and China (Flag) (2023)

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