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2022
Flag → Flag
Exports $3.39BRnk 7 / 208
2022
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Top Product $369MRefined Petroleum
2022
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Exports $5.27BRnk 23 / 224
2022
Flag → Flag
Top Product $332MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
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Economic Complexity (ECI) ECI 1.1Rnk 20 / 124
2022
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GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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 GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
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GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
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GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
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GDP PC$55,985CURRENT US$
Rnk 12 / 186
2012-2022
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GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186

About

Portugal-Netherlands In 2022, Portugal exported $3.39B to Netherlands. The main products that Portugal exported to Netherlands are Refined Petroleum ($369M), Leather Footwear ($292M), and Amino-resins ($162M). During the last 27 years the exports of Portugal to Netherlands have increased at an annualized rate of 3.77%, from $1.25B in 1995 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 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). During the last 27 years the exports of Netherlands to Portugal have increased at an annualized rate of 4.76%, from $1.5B in 1995 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 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Netherlands ranked 20 in the Economic Complexity Index (ECI 1.1), 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

Flow
Time Scale
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.

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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 27 years the exports of Portugal to Netherlands have increased at an annualized rate of 3.77%, from $1.25B in 1995 to $3.39B in 2022.

In 2022, 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 27 years the exports of Netherlands to Portugal have increased at an annualized rate of 4.76%, from $1.5B in 1995 to $5.27B in 2022.

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 2021, countries that imported more from Portugal than Netherlands were Angola ($1.59B), Cape Verde ($407M), and Mozambique ($262M).

In 2021, countries that imported more from Netherlands than Portugal were 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 2022, Netherlands had a large net trade with Portugal in the exports of Machines ($1.21B), Chemical Products ($970M), and Animal Products ($481M).

Service Trade

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)

Economic Complexity

Competitive Landscape

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 Netherlands. Similarly, the more yellow a dot/product is, the more Netherlands has comparative advantage over Portugal.

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

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