Portugal (PRT) and Germany (DEU) Trade | The Observatory of Economic Complexity

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Portugal-Germany In 2022, Portugal exported $8.76B to Germany. The main products that Portugal exported to Germany are Cars ($1.09B), Revolution Counters ($716M), and Leather Footwear ($406M). During the last 27 years the exports of Portugal to Germany have increased at an annualized rate of 2.1%, from $5B in 1995 to $8.76B 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 In 2022, Germany exported $11.9B 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). During the last 27 years the exports of Germany to Portugal have increased at an annualized rate of 3.54%, from $4.66B in 1995 to $11.9B 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 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Germany ranked 3 in the Economic Complexity Index (ECI 1.75), and 3 in total exports ($1.6T).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €766M and imported €1.01B from Germany, resulting in a negative trade balance of €240M. Between January 2023 and January 2024 the exports of Portugal have increased by €73.6M (10.6%) from €693M to €766M, while imports increased by €33.6M (3.45%) from €973M to €1.01B.

Trade In January 2024, the top exports of Portugal to Germany were Electrical machinery and electronics (€125M), Cars, tractors, trucks & parts thereof. (€115M), Machinery, mechanical appliances, & parts (€71.4M), Optical, photo, & film equipment; medical... (€69.4M), and Footwear (€39.9M). In January 2024 the top imports of Portugal from Germany were Cars, tractors, trucks & parts thereof. (€232M), Electrical machinery and electronics (€172M), Machinery, mechanical appliances, & parts (€118M), Chemical products n.e.s. (€56.3M), and Pharmaceutical products (€56.1M).

Growth In January 2024, the increase in Portugal's year-by-year exports to Germany was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€30M or 35.4%), Electrical machinery and electronics (€18.1M or 16.9%), and Optical, photo, & film equipment; medical... (€13.3M or 23.7%). In January 2024, the increase in Portugal's year-by-year imports from Germany was explained primarily by an increase in product imports in Cars, tractors, trucks & parts thereof. (€77.4M or 50.2%), Machinery, mechanical appliances, & parts (€12.9M or 12.2%), and Electrical machinery and electronics (€11.9M or 7.41%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€73.6M(10.6%)

IMPORT GROWTH (January 2023 - January 2024)€33.6M(3.45%)

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 Germany 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 $8.76B to Germany. The main products exported from Portugal to Germany were Cars ($1.09B), Revolution Counters ($716M), and Leather Footwear ($406M). During the last 27 years the exports of Portugal to Germany have increased at an annualized rate of 2.1%, from $5B in 1995 to $8.76B in 2022.

In 2022, Germany exported $11.9B 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 27 years the exports of Germany to Portugal have increased at an annualized rate of 3.54%, from $4.66B in 1995 to $11.9B in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Germany
Top DestinationUnited 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 2021, countries that imported more from Portugal than Germany were Angola ($1.59B), Gibraltar ($561M), and Cape Verde ($407M).

In 2021, countries that imported more from Germany than Portugal were United States ($153B), France ($120B), and China ($109B).

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

Comparative Advantage Portugal - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, 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

Deu Year

Prt Year

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 () to Germany () (2020)

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

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 Germany. Similarly, the more yellow a dot/product is, the more Germany 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 Germany () (2022)

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

Market Competitiveness

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

Comparative Advantage Portugal - Germany

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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