2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 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
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 186

About

Portugal-Indonesia Trade: In 2022, Portugal exported $31.3M to Indonesia. The main products that Portugal exported to Indonesia were Recovered Paper ($3.05M), Knitting Machine Accessories ($1.76M), and Lifting Machinery ($1.45M). Over the past 5 years the exports of Portugal to Indonesia have decreased at an annualized rate of 3.06%, from $36.6M in 2017 to $31.3M in 2022.

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 2022, Indonesia exported $181M to Portugal. The main products that Indonesia exported to Portugal were Footwear Parts ($35.4M), Sodium or Potassium Peroxides ($13.7M), and Rubber ($12.3M). Over the past 5 years the exports of Indonesia to Portugal have decreased at an annualized rate of 0.087%,  from $182M in 2017 to $181M in 2022.

In 2022, Indonesia did not export any services to Portugal.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $31.3M to Indonesia. The main products exported from Portugal to Indonesia were Recovered Paper ($3.05M), Knitting Machine Accessories ($1.76M), and Lifting Machinery ($1.45M). During the last 5 years the exports of Portugal to Indonesia have decreased at an annualized rate of 3.06%, from $36.6M in 2017 to $31.3M in 2022.

In 2017, Indonesia exported $181M to Portugal. The main products exported from Indonesia to Portugal were Footwear Parts ($35.4M), Sodium or Potassium Peroxides ($13.7M), and Rubber ($12.3M). During the last 5 years the exports of Indonesia to Portugal have decreased at an annualized rate of 0.087%, from $182M in 2022 to $181M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top Destination
Spain$20.5B
Indonesia
Top Destination
China$67.7B

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 2022, countries that imported more from Portugal than Indonesia included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Indonesia than Portugal included China ($67.7B), Japan ($26.6B), and United States ($31.6B).

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

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 2022, Portugal had a large net trade with Indonesia in the exports of Machines ($11.1M), Textiles ($5.24M), and Paper Goods ($3.08M).

During 2017, Indonesia had a large net trade with Portugal in the exports of Chemical Products ($39.2M), Footwear and Headwear ($35.6M), and Textiles ($28.2M).

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) (2022)

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