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2023
Flag → Flag
Exports $93.3MRnk 55 / 211
2023
Flag → Flag
Top Product $8.67MInsulated Wire
2023
Flag → Flag
Exports $44.5MRnk 64 / 183
2023
Flag → Flag
Top Product $26.1MBananas
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 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$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Portugal-Colombia Trade: In 2023, Portugal exported $93.3M to Colombia. The main products that Portugal exported to Colombia were Insulated Wire ($8.67M), Refrigerators ($8.62M), and Other Heating Machinery ($5.52M). Over the past 5 years the exports of Portugal to Colombia have increased at an annualized rate of 2.8%, from $81.3M in 2018 to $93.3M in 2023.

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

Colombia-Portugal Trade: In 2023, Colombia exported $44.5M to Portugal. The main products that Colombia exported to Portugal were Bananas ($26.1M), Coffee ($5.96M), and Propylene Polymers ($4.31M). Over the past 5 years the exports of Colombia to Portugal have decreased at an annualized rate of 34.3%,  from $365M in 2018 to $44.5M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €5.45M and imported €4.89M from Colombia, resulting in a positive trade balance of €553k. Between November 2023 and November 2024 the exports of Portugal have increased by €1.79M (49.1%) from €3.65M to €5.45M, while imports increased by €1.64M (50.2%) from €3.26M to €4.89M.

Trade In November 2024, the top exports of Portugal to Colombia were Electrical machinery and electronics (€2.31M), Machinery, mechanical appliances, & parts (€746k), Plastics & articles thereof (€491k), Iron/Steel Articles (€416k), and Iron & steel (€336k). In November 2024 the top imports of Portugal from Colombia were Edible fruits, nuts & fruit peels (€2.46M), Plastics & articles thereof (€515k), Coffee, tea, mate & spices (€380k), Preparations of vegetables, fruit, nuts or... (€160k), and Machinery, mechanical appliances, & parts (€104k).

Growth In November 2024, the increase in Portugal's year-by-year exports to Colombia was explained primarily by an increase in product exports in Electrical machinery and electronics (€2.27M or 4.84k%), Machinery, mechanical appliances, & parts (€357k or 91.6%), and Iron/Steel Articles (€299k or 257%). In November 2024, the increase in Portugal's year-by-year imports  from Colombia was explained primarily by an increase in product imports  in Edible fruits, nuts & fruit peels (€712k or 40.7%), Plastics & articles thereof (€451k or 712%), and Coffee, tea, mate & spices (€207k or 119%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€1.79M(49.1%)
IMPORT GROWTH (November 2023 - November 2024)€1.64M(50.2%)

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 Colombia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $93.3M to Colombia. The main products exported from Portugal to Colombia were Insulated Wire ($8.67M), Refrigerators ($8.62M), and Other Heating Machinery ($5.52M). During the last 5 years the exports of Portugal to Colombia have increased at an annualized rate of 2.8%, from $81.3M in 2018 to $93.3M in 2023.

In 2018, Colombia exported $44.5M to Portugal. The main products exported from Colombia to Portugal were Bananas ($26.1M), Coffee ($5.96M), and Propylene Polymers ($4.31M). During the last 5 years the exports of Colombia to Portugal have decreased at an annualized rate of 34.3%, from $365M in 2023 to $44.5M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Colombia
Top DestinationUnited States$14.8B

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

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

In 2023, countries that imported more from Colombia than Portugal included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Portugal - Colombia

Flow
Scale

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

During 2023, Portugal had a large net trade with Colombia in the exports of Machines ($37M), Textiles ($13.4M), and Metals ($10.4M).

During 2018, Colombia had a large net trade with Portugal in the exports of Vegetable Products ($32.9M), Plastics and Rubbers ($6.9M), and Foodstuffs ($1.39M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Colombia+$4.42MPackaged Medicaments
Top Product Potential Colombia Portugal+$6.15MCoffee

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

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

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