Portugal (PRT) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Portugal-Iran In 2022, Portugal exported $2.2M to Iran. The main products that Portugal exported to Iran are Cutting Blades ($472k), Kaolin ($310k), and Beauty Products ($263k). During the last 27 years the exports of Portugal to Iran have decreased at an annualized rate of 8.01%, from $20.9M in 1995 to $2.2M in 2022.

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

Iran-Portugal In 2022, Iran exported $400k to Portugal. The main products that Iran exported to Portugal were Spices ($152k), Centrifuges ($57.6k), and Grapes ($52.9k). During the last 27 years the exports of Iran to Portugal have decreased at an annualized rate of 21.7%, from $298M in 1995 to $400k in 2022.

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

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.071), and 86 in total exports ($15.9B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €48.7k and imported €1.61k from Iran, resulting in a positive trade balance of €47.1k. Between January 2023 and January 2024 the exports of Portugal have decreased by €-200k (-80.4%) from €248k to €48.7k, while imports decreased by €-2.34k (-59.3%) from €3.94k to €1.61k.

Trade In January 2024, the top exports of Portugal to Iran were Machinery, mechanical appliances, & parts (€221k), Salt, sulphur, cement, lime, stone, &... (€9.33k), Tools & cutlery (€6.37k), Furniture, bedding, lamps, & prefab buildings (€4.68k), and Coffee, tea, mate & spices (€4.4k). In January 2024 the top imports of Portugal from Iran were Coffee, tea, mate & spices (€3.61k), Electrical machinery and electronics (€304), Toys, games, & sports (€14), Inorganic chemicals (€5), and Ceramic products (€4).

Growth In January 2024, the decrease in Portugal's year-by-year exports to Iran was explained primarily by an decrease in product exports in Tools & cutlery (€-131k or -95.4%), Ceramic products (€-33.8k or -100%), and Salt, sulphur, cement, lime, stone, &... (€-19.2k or -67.3%). In January 2024, the decrease in Portugal's year-by-year imports from Iran was explained primarily by an decrease in product imports in Electrical machinery and electronics (€-11.8k or -97.5%) and Carpets & textile floor covers (€-708 or -100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-200k(-80.4%)

IMPORT GROWTH (January 2023 - January 2024)€-2.34k(-59.3%)

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 Iran 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 $2.2M to Iran. The main products exported from Portugal to Iran were Cutting Blades ($472k), Kaolin ($310k), and Beauty Products ($263k). During the last 27 years the exports of Portugal to Iran have decreased at an annualized rate of 8.01%, from $20.9M in 1995 to $2.2M in 2022.

In 2022, Iran exported $400k to Portugal. The main products exported from Iran to Portugal were Spices ($152k), Centrifuges ($57.6k), and Grapes ($52.9k). During the last 27 years the exports of Iran to Portugal have decreased at an annualized rate of 21.7%, from $298M in 1995 to $400k in 2022.

Exports from Portugal () to Iran () (2022)

Exports from Iran () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Iran
Top DestinationChina$5.72B

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

In 2021, countries that imported more from Portugal than Iran were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Iran than Portugal were China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage Portugal - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Iran in the exports of Machines ($562k), Metals ($477k), and Chemical Products ($371k).

During 2022, Iran had a large net trade with Portugal in the exports of Vegetable Products ($206k), Machines ($113k), and Textiles ($25.8k).

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

Exports from Iran () to Portugal () (2022)

Market Competitiveness

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

Comparative Advantage Portugal - Iran

Economic Complexity

Competitive Landscape

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

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