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2022
Flag → Flag
Exports $111MRnk 54 / 208
2022
Flag → Flag
Top Product $19.3MRolled Tobacco
2022
Flag → Flag
Exports $54.3MRnk 47 / 156
2022
Flag → Flag
Top Product $31.9MSulfonated, Nitrated or Nitrosated Hydrocarbons
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Portugal-Kuwait Trade: In 2022, Portugal exported $111M to Kuwait. The main products that Portugal exported to Kuwait were Rolled Tobacco ($19.3M), Building Stone ($7.02M), and Processed Tomatoes ($4.65M). Over the past 5 years the exports of Portugal to Kuwait have increased at an annualized rate of 23.6%, from $38.4M in 2017 to $111M in 2022.

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

Kuwait-Portugal Trade: In 2022, Kuwait exported $54.3M to Portugal. The main products that Kuwait exported to Portugal were Sulfonated, Nitrated or Nitrosated Hydrocarbons ($31.9M), Cyclic Hydrocarbons ($8.94M), and Propylene Polymers ($5.66M). Over the past 5 years the exports of Kuwait to Portugal have decreased at an annualized rate of 5.2%,  from $70.9M in 2017 to $54.3M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €4.05M and imported €6.62M from Kuwait, resulting in a negative trade balance of €2.57M. Between June 2023 and June 2024 the exports of Portugal have increased by €1.18M (40.9%) from €2.87M to €4.05M, while imports decreased by €-21.9M (-76.8%) from €28.5M to €6.62M.

Trade In June 2024, the top exports of Portugal to Kuwait were Preparations of vegetables, fruit, nuts or... (€793k), Tobacco & substitutes (€639k), Electrical machinery and electronics (€541k), Stone, plaster, cement, asbestos, mica. (€463k), and Perfumery & cosmetics (€207k). In June 2024 the top imports of Portugal from Kuwait were Plastics & articles thereof (€778k), Animal or vegetable fats, oils, &... (€192k), Knitted clothing accesories (€3.46k), Footwear (€1.12k), and Optical, photo, & film equipment; medical... (€1.09k).

Growth In June 2024, the increase in Portugal's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Preparations of vegetables, fruit, nuts or... (€567k or 250%), Electrical machinery and electronics (€444k or 454%), and Stone, plaster, cement, asbestos, mica. (€171k or 58.4%). In June 2024, the decrease in Portugal's year-by-year imports  from Kuwait was explained primarily by an decrease in product imports  in Plastics & articles thereof (€-2.1M or -73%), Animal or vegetable fats, oils, &... (€-100k or -34.3%), and Footwear (€-4.07k or -78.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€1.18M(40.9%)
IMPORT GROWTH (June 2023 - June 2024)€-21.9M(-76.8%)

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 Kuwait and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $111M to Kuwait. The main products exported from Portugal to Kuwait were Rolled Tobacco ($19.3M), Building Stone ($7.02M), and Processed Tomatoes ($4.65M). During the last 5 years the exports of Portugal to Kuwait have increased at an annualized rate of 23.6%, from $38.4M in 2017 to $111M in 2022.

In 2017, Kuwait exported $54.3M to Portugal. The main products exported from Kuwait to Portugal were Sulfonated, Nitrated or Nitrosated Hydrocarbons ($31.9M), Cyclic Hydrocarbons ($8.94M), and Propylene Polymers ($5.66M). During the last 5 years the exports of Kuwait to Portugal have decreased at an annualized rate of 5.2%, from $70.9M in 2022 to $54.3M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Kuwait
Top DestinationChina$24.3B

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

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

In 2022, countries that imported more from Kuwait than Portugal included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Portugal - Kuwait

Flow
Scale

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

During 2022, Portugal had a large net trade with Kuwait in the exports of Foodstuffs ($25.9M), Textiles ($22.9M), and Machines ($11.6M).

During 2017, Kuwait had a large net trade with Portugal in the exports of Chemical Products ($40.8M), Plastics and Rubbers ($10.6M), and Animal and Vegetable Bi-Products ($2.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Kuwait+$5.21MCars
Top Product Potential Kuwait Portugal+$3.98MCyclic Hydrocarbons

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

Product Space of Portugal (Flag) and Kuwait (Flag) (2022)

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