2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Portugal-Germany Trade: In 2022, Portugal exported $7.12B to Germany. The main products that Portugal exported to Germany were Cars ($1.09B), Revolution Counters ($716M), and Leather Footwear ($406M). Over the past 5 years the exports of Portugal to Germany have increased at an annualized rate of 7.31%, from $5B in 2017 to $7.12B in 2022.

In 2020, Portugal exported services to Germany worth $2.13B, with Travel ($1.01B), Other business services ($503M), and Transportation ($482M) being the largest in terms of value.

Germany-Portugal Trade: In 2022, Germany exported $10.1B to Portugal. The main products that Germany exported to Portugal were Cars ($1.37B), Integrated Circuits ($614M), and Motor vehicles; parts and accessories (8701 to 8705) ($607M). Over the past 5 years the exports of Germany to Portugal have increased at an annualized rate of 16.7%,  from $4.66B in 2017 to $10.1B in 2022.

In 2020, Germany exported services to Portugal worth $971M, with Other business services ($498M), Transportation ($162M), and Computer and information services ($154M) 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $7.12B to Germany. The main products exported from Portugal to Germany were Cars ($1.09B), Revolution Counters ($716M), and Leather Footwear ($406M). During the last 5 years the exports of Portugal to Germany have increased at an annualized rate of 7.31%, from $5B in 2017 to $7.12B in 2022.

In 2017, Germany exported $10.1B to Portugal. The main products exported from Germany to Portugal were Cars ($1.37B), Integrated Circuits ($614M), and Motor vehicles; parts and accessories (8701 to 8705) ($607M). During the last 22 years the exports of Germany to Portugal have increased at an annualized rate of 16.7%, from $4.66B in 1995 to $10.1B in 2017.

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

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

Market Competitiveness

Color
Portugal
Top Destination
Spain$20.5B
Germany
Top Destination
United States$153B

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

In 2022, countries that imported more from Portugal than Germany included Angola ($1.59B), Gibraltar ($561M), and Cape Verde ($407M).

In 2022, countries that imported more from Germany than Portugal included United States ($153B), France ($120B), and China ($109B).

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

Comparative Advantage Portugal - Germany

Flow
Scale

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

During 2022, Portugal had a large net trade with Germany in the exports of Machines ($2.27B), Transportation ($1.67B), and Instruments ($838M).

During 2017, Germany had a large net trade with Portugal in the exports of Machines ($3.71B), Transportation ($2.55B), and Chemical Products ($1.83B).

Service Trade

Bilateral Service Trade

In 2020, Portugal exported services to Germany worth $2.13B, with Travel ($1.01B), Other business services ($503M), and Transportation ($482M) being the largest in terms of value.

In 2020, Germany exported services to Portugal worth $971M, with Other business services ($498M), Transportation ($162M), and Computer and information services ($154M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with