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2023
Flag → Flag
Exports $39MRnk 81 / 211
2023
Flag → Flag
Top Product $4.78MRecovered Paper
2023
Flag → Flag
Exports $187MRnk 79 / 213
2023
Flag → Flag
Top Product $54MHot-Rolled Iron
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Portugal-Indonesia Trade: In 2023, Portugal exported $39M to Indonesia. The main products that Portugal exported to Indonesia were Recovered Paper ($4.78M), Other Paper Machinery ($2.27M), and Other Electrical Machinery ($2.06M). Over the past 5 years the exports of Portugal to Indonesia have decreased at an annualized rate of 1.73%, from $42.6M in 2018 to $39M in 2023.

In 2003, Portugal exported services to Indonesia worth $1.35M, with Services not allocated ($1.35M) being the largest in terms of value.

Indonesia-Portugal Trade: In 2023, Indonesia exported $187M to Portugal. The main products that Indonesia exported to Portugal were Hot-Rolled Iron ($54M), Footwear Parts ($27.4M), and Rubber ($12.3M). Over the past 5 years the exports of Indonesia to Portugal have increased at an annualized rate of 0.33%,  from $184M in 2018 to $187M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €2.1M and imported €9.1M from Indonesia, resulting in a negative trade balance of €7M. Between November 2023 and November 2024 the exports of Portugal have increased by €109k (5.49%) from €1.99M to €2.1M, while imports decreased by €-4.92M (-35.1%) from €14M to €9.1M.

Trade In November 2024, the top exports of Portugal to Indonesia were Machinery, mechanical appliances, & parts (€499k), Wood pulp & paper scrap (€496k), Beverages, spirits, & vinegar (€251k), Footwear (€167k), and Wood, wood articles, & charcoal (€107k). In November 2024 the top imports of Portugal from Indonesia were Footwear (€3.33M), Food residues & wastes; animal fodder (€1.63M), Rubber & articles thereof (€1.59M), Fish, Crustaceans & Molluscs (€978k), and Preparations of fish, crustacenas, & molluscs (€649k).

Growth In November 2024, the increase in Portugal's year-by-year exports to Indonesia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€325k or 188%), Beverages, spirits, & vinegar (€185k or 278%), and Footwear (€164k or 7.43k%). In November 2024, the decrease in Portugal's year-by-year imports  from Indonesia was explained primarily by an decrease in product imports  in Man-made staple fibres (€-616k or -51%), Chemical products n.e.s. (€-318k or -85.7%), and Cotton (€-256k or -83.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€109k(5.49%)
IMPORT GROWTH (November 2023 - November 2024)€-4.92M(-35.1%)

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 Indonesia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $39M to Indonesia. The main products exported from Portugal to Indonesia were Recovered Paper ($4.78M), Other Paper Machinery ($2.27M), and Other Electrical Machinery ($2.06M). During the last 5 years the exports of Portugal to Indonesia have decreased at an annualized rate of 1.73%, from $42.6M in 2018 to $39M in 2023.

In 2018, Indonesia exported $187M to Portugal. The main products exported from Indonesia to Portugal were Hot-Rolled Iron ($54M), Footwear Parts ($27.4M), and Rubber ($12.3M). During the last 5 years the exports of Indonesia to Portugal have increased at an annualized rate of 0.33%, from $184M in 2023 to $187M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Indonesia
Top DestinationChina$70.7B

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

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

In 2023, countries that imported more from Indonesia than Portugal included China ($70.7B), India ($24B), and Japan ($23.7B).

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

Comparative Advantage Portugal - Indonesia

Flow
Scale

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

During 2023, Portugal had a large net trade with Indonesia in the exports of Machines ($17.7M), Textiles ($5.66M), and Paper Goods ($4.88M).

During 2018, Indonesia had a large net trade with Portugal in the exports of Metals ($59.5M), Footwear and Headwear ($27.6M), and Textiles ($19.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Indonesia+$2.91MCentrifuges
Top Product Potential Indonesia Portugal+$5.56MHot-Rolled Iron

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

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

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