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2023
Flag → Flag
Exports $563MRnk 23 / 211
2023
Flag → Flag
Top Product $209MCars
2023
Flag → Flag
Exports $553MRnk 66 / 211
2023
Flag → Flag
Top Product $139MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 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$33,767CURRENT US$
Rnk 38 / 196
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195

About

Portugal-Japan Trade: In 2023, Portugal exported $563M to Japan. The main products that Portugal exported to Japan were Cars ($209M), Processed Tomatoes ($63.2M), and Knit T-shirts ($31.3M). Over the past 5 years the exports of Portugal to Japan have increased at an annualized rate of 13%, from $305M in 2018 to $563M in 2023.

In 2020, Portugal exported services to Japan worth $13.7M, with Travel ($13.7M) being the largest in terms of value.

Japan-Portugal Trade: In 2023, Japan exported $553M to Portugal. The main products that Japan exported to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($139M), Hot-Rolled Iron ($65.6M), and Cars ($26.1M). Over the past 5 years the exports of Japan to Portugal have decreased at an annualized rate of 3.07%,  from $646M in 2018 to $553M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €16.5M and imported €29.8M from Japan, resulting in a negative trade balance of €13.4M. Between November 2023 and November 2024 the exports of Portugal have increased by €647k (4.09%) from €15.8M to €16.5M, while imports decreased by €-14.6M (-32.9%) from €44.4M to €29.8M.

Trade In November 2024, the top exports of Portugal to Japan were Cars, tractors, trucks & parts thereof. (€32.5M), Preparations of vegetables, fruit, nuts or... (€6.81M), Machinery, mechanical appliances, & parts (€4.86M), Electrical machinery and electronics (€1.14M), and Optical, photo, & film equipment; medical... (€662k). In November 2024 the top imports of Portugal from Japan were Cars, tractors, trucks & parts thereof. (€9.95M), Iron & steel (€7.3M), Machinery, mechanical appliances, & parts (€6.21M), Electrical machinery and electronics (€5.67M), and Optical, photo, & film equipment; medical... (€1.91M).

Growth In November 2024, the increase in Portugal's year-by-year exports to Japan was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€32.4M or 26.6k%), Machinery, mechanical appliances, & parts (€4.61M or 1.89k%), and Preparations of vegetables, fruit, nuts or... (€3.48M or 104%). In November 2024, the decrease in Portugal's year-by-year imports  from Japan was explained primarily by an decrease in product imports  in Machinery, mechanical appliances, & parts (€-40M or -86.6%), Cars, tractors, trucks & parts thereof. (€-5.9M or -37.2%), and Rubber & articles thereof (€-463k or -26.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€647k(4.09%)
IMPORT GROWTH (November 2023 - November 2024)€-14.6M(-32.9%)

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 Japan and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Japan and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $563M to Japan. The main products exported from Portugal to Japan were Cars ($209M), Processed Tomatoes ($63.2M), and Knit T-shirts ($31.3M). During the last 5 years the exports of Portugal to Japan have increased at an annualized rate of 13%, from $305M in 2018 to $563M in 2023.

In 2018, Japan exported $553M to Portugal. The main products exported from Japan to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($139M), Hot-Rolled Iron ($65.6M), and Cars ($26.1M). During the last 5 years the exports of Japan to Portugal have decreased at an annualized rate of 3.07%, from $646M in 2023 to $553M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Japan
Top DestinationUnited States$143B

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

In 2023, countries that imported more from Portugal than Japan included Spain ($17.7B), France ($9.19B), and Angola ($1.64B).

In 2023, countries that imported more from Japan than Portugal included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Comparative Advantage Portugal - Japan

Flow
Scale

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

During 2023, Portugal had a large net trade with Japan in the exports of Transportation ($214M), Textiles ($92.7M), and Foodstuffs ($76.5M).

During 2018, Japan had a large net trade with Portugal in the exports of Transportation ($174M), Machines ($127M), and Metals ($113M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Japan+$60.2MCars
Top Product Potential Japan Portugal+$68.1MCars

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

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

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