Portugal (PRT) and Czechia (CZE) Trade | The Observatory of Economic Complexity

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Portugal-Czechia In 2022, Portugal exported $672M to Czechia. The main products that Portugal exported to Czechia are Motor vehicles; parts and accessories (8701 to 8705) ($60.4M), Video Recording Equipment ($40.2M), and Rubber Tires ($32.6M). During the last 27 years the exports of Portugal to Czechia have increased at an annualized rate of 14.2%, from $18.6M in 1995 to $672M in 2022.

In 2020, Portugal exported services to Czechia worth $21.7M, with Travel ($21.7M) being the largest in terms of value.

Czechia-Portugal In 2022, Czechia exported $896M to Portugal. The main products that Czechia exported to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($151M), Cars ($99.8M), and Electrical Control Boards ($34.3M). During the last 27 years the exports of Czechia to Portugal have increased at an annualized rate of 13.3%, from $30.9M in 1995 to $896M in 2022.

In 2019, Czechia exported services to Portugal worth $88M, with Transportation ($37.7M), Travel ($26.3M), and Other business services ($12.8M) being the largest in terms of value.

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Czechia ranked 6 in the Economic Complexity Index (ECI 1.53), and 30 in total exports ($237B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €61.1M and imported €62.9M from Czechia, resulting in a negative trade balance of €1.86M. Between January 2023 and January 2024 the exports of Portugal have increased by €14.6M (31.5%) from €46.4M to €61.1M, while imports decreased by €-6.27M (-9.06%) from €69.2M to €62.9M.

Trade In January 2024, the top exports of Portugal to Czechia were Electrical machinery and electronics (€11.6M), Cars, tractors, trucks & parts thereof. (€7.43M), Machinery, mechanical appliances, & parts (€3.27M), Plastics & articles thereof (€3.23M), and Furniture, bedding, lamps, & prefab buildings (€3.1M). In January 2024 the top imports of Portugal from Czechia were Electrical machinery and electronics (€15.9M), Machinery, mechanical appliances, & parts (€15.7M), Cars, tractors, trucks & parts thereof. (€15.2M), Optical, photo, & film equipment; medical... (€3.69M), and Rubber & articles thereof (€2.13M).

Growth In January 2024, the increase in Portugal's year-by-year exports to Czechia was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€830k or 12.6%), Coated, covered, & laminated fabrics for... (€826k or 42%), and Pharmaceutical products (€714k or 53%). In January 2024, the decrease in Portugal's year-by-year imports from Czechia was explained primarily by an decrease in product imports in Iron & steel (€-4.69M or -96.8%), Footwear (€-1.14M or -97%), and Knitted clothing accesories (€-317k or -79.9%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€14.6M(31.5%)

IMPORT GROWTH (January 2023 - January 2024)€-6.27M(-9.06%)

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 Czechia and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $672M to Czechia. The main products exported from Portugal to Czechia were Motor vehicles; parts and accessories (8701 to 8705) ($60.4M), Video Recording Equipment ($40.2M), and Rubber Tires ($32.6M). During the last 27 years the exports of Portugal to Czechia have increased at an annualized rate of 14.2%, from $18.6M in 1995 to $672M in 2022.

In 2022, Czechia exported $896M to Portugal. The main products exported from Czechia to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($151M), Cars ($99.8M), and Electrical Control Boards ($34.3M). During the last 27 years the exports of Czechia to Portugal have increased at an annualized rate of 13.3%, from $30.9M in 1995 to $896M in 2022.

Exports from Portugal () to Czechia () (2022)

Exports from Czechia () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Czechia
Top DestinationGermany$75.3B

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

In 2021, countries that imported more from Portugal than Czechia were Spain ($20.5B), Angola ($1.59B), and Gibraltar ($561M).

In 2021, countries that imported more from Czechia than Portugal were Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

Difference in imports from Czechia () and Portugal () (2022)

Comparative Advantage Portugal - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Czechia in the exports of Machines ($216M), Transportation ($109M), and Plastics and Rubbers ($83.7M).

During 2022, Czechia had a large net trade with Portugal in the exports of Machines ($303M), Transportation ($265M), and Metals ($49.3M).

Service Trade

Bilateral Service Trade

Cze Year

Prt Year

In 2020, Portugal exported services to Czechia worth $21.7M, with Travel ($21.7M) being the largest in terms of value.

In 2019, Czechia exported services to Portugal worth $88M, with Transportation ($37.7M), Travel ($26.3M), and Other business services ($12.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal () to Czechia () (2020)

Services Exports from Czechia () to Portugal () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Czechia. Similarly, the more yellow a dot/product is, the more Czechia has comparative advantage over Portugal.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Czechia () (2022)

Exports from Czechia () to Portugal () (2022)

Market Competitiveness

Difference in imports from Czechia () and Portugal () (2022)

Comparative Advantage Portugal - Czechia

Service Trade

Bilateral Service Trade

Services Exports from Portugal () to Czechia () (2020)

Services Exports from Czechia () to Portugal () (2019)

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Czechia () (2022)

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