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2022
Flag → Flag
Exports $3.39BRnk 7 / 208
2022
Flag → Flag
Top Product $369MRefined Petroleum
2022
Flag → Flag
Exports $5.27BRnk 23 / 224
2022
Flag → Flag
Top Product $332MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 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$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186

About

Portugal-Netherlands Trade: In 2022, Portugal exported $3.39B to Netherlands. The main products that Portugal exported to Netherlands were Refined Petroleum ($369M), Leather Footwear ($292M), and Amino-resins ($162M). Over the past 5 years the exports of Portugal to Netherlands have increased at an annualized rate of 5.84%, from $2.55B in 2017 to $3.39B in 2022.

In 2020, Portugal exported services to Netherlands worth $1.02B, with Other business services ($372M), Travel ($356M), and Transportation ($215M) being the largest in terms of value.

Netherlands-Portugal Trade: In 2022, Netherlands exported $5.27B to Portugal. The main products that Netherlands exported to Portugal were Refined Petroleum ($332M), Halogenated Hydrocarbons ($224M), and Packaged Medicaments ($201M). Over the past 5 years the exports of Netherlands to Portugal have increased at an annualized rate of 2.85%,  from $4.2B in 2017 to $5.27B in 2022.

In 2020, Netherlands exported services to Portugal worth $847M, with Other business services ($242M), Transportation ($224M), and Royalties and license fees ($217M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €197M and imported €388M from Netherlands, resulting in a negative trade balance of €191M. Between January 2023 and January 2024 the exports of Portugal have decreased by €-76.6M (-28%) from €274M to €197M, while imports decreased by €-77.2M (-16.6%) from €465M to €388M.

Trade In January 2024, the top exports of Portugal to Netherlands were Mineral fuels, mineral oils and products... (€51.1M), Footwear (€28.9M), Plastics & articles thereof (€23.8M), Cars, tractors, trucks & parts thereof. (€16.4M), and Knitted clothing accesories (€15.7M). In January 2024 the top imports of Portugal from Netherlands were Electrical machinery and electronics (€76.1M), Machinery, mechanical appliances, & parts (€43.8M), Mineral fuels, mineral oils and products... (€39.8M), Cars, tractors, trucks & parts thereof. (€38.7M), and Pharmaceutical products (€34.8M).

Growth In January 2024, the decrease in Portugal's year-by-year exports to Netherlands was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... (€-6.31M or -11%), Edible products of animal origin, n.e.s. (€-4M or -77.8%), and Machinery, mechanical appliances, & parts (€-2.5M or -32.1%). In January 2024, the decrease in Portugal's year-by-year imports  from Netherlands was explained primarily by an decrease in product imports  in Organic chemicals (€-6.47M or -25.4%), Plastics & articles thereof (€-5.51M or -22%), and Machinery, mechanical appliances, & parts (€-1.91M or -4.18%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (January 2023 - January 2024)€-76.6M(-28%)
IMPORT GROWTH (January 2023 - January 2024)€-77.2M(-16.6%)

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 Netherlands and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Netherlands and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $3.39B to Netherlands. The main products exported from Portugal to Netherlands were Refined Petroleum ($369M), Leather Footwear ($292M), and Amino-resins ($162M). During the last 5 years the exports of Portugal to Netherlands have increased at an annualized rate of 5.84%, from $2.55B in 2017 to $3.39B in 2022.

In 2017, Netherlands exported $5.27B to Portugal. The main products exported from Netherlands to Portugal were Refined Petroleum ($332M), Halogenated Hydrocarbons ($224M), and Packaged Medicaments ($201M). During the last 5 years the exports of Netherlands to Portugal have increased at an annualized rate of 2.85%, from $4.2B in 2022 to $5.27B in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Netherlands
Top DestinationGermany$131B

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

In 2022, countries that imported more from Portugal than Netherlands included Angola ($1.59B), Cape Verde ($407M), and Mozambique ($262M).

In 2022, countries that imported more from Netherlands than Portugal included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

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

Comparative Advantage Portugal - Netherlands

Flow
Scale

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

During 2022, Portugal had a large net trade with Netherlands in the exports of Mineral Products ($566M), Footwear and Headwear ($325M), and Textiles ($312M).

During 2017, Netherlands had a large net trade with Portugal in the exports of Machines ($1.21B), Chemical Products ($970M), and Animal Products ($481M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Netherlands+$82.1MRefined Petroleum
Top Product Potential Netherlands Portugal+$103MRefined Petroleum

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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Bilateral Service Trade

In 2020, Portugal exported services to Netherlands worth $1.02B, with Other business services ($372M), Travel ($356M), and Transportation ($215M) being the largest in terms of value.

In 2020, Netherlands exported services to Portugal worth $847M, with Other business services ($242M), Transportation ($224M), and Royalties and license fees ($217M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Netherlands (Flag) (2020)

Services Exports from Netherlands (Flag) to Portugal (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Portugal and Netherlands. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Netherlands. Similarly, a dot/product with the flag of Netherlands indicates it has a comparative advantage over Portugal.

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

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