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2023
Flag → Flag
Exports $357MRnk 33 / 211
2023
Flag → Flag
Top Product $72.7MZinc Ore
2023
Flag → Flag
Exports $368MRnk 36 / 205
2023
Flag → Flag
Top Product $155MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 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$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Portugal-Norway Trade: In 2023, Portugal exported $357M to Norway. The main products that Portugal exported to Norway were Zinc Ore ($72.7M), Leather Footwear ($27.3M), and Wine ($16.5M). Over the past 5 years the exports of Portugal to Norway have increased at an annualized rate of 2.24%, from $319M in 2018 to $357M in 2023.

In 2020, Portugal exported services to Norway worth $35.4M, with Travel ($35.4M) being the largest in terms of value.

Norway-Portugal Trade: In 2023, Norway exported $368M to Portugal. The main products that Norway exported to Portugal were Crude Petroleum ($155M), Raw Aluminium ($78.7M), and Petroleum Gas ($51.4M). Over the past 5 years the exports of Norway to Portugal have decreased at an annualized rate of 1.92%,  from $405M in 2018 to $368M in 2023.

In 2009, Norway exported services to Portugal worth $108M, with Financial services ($41.6M), Travel ($24.3M), and Transportation ($18.1M) being the largest in terms of value.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €17.2M and imported €66.7M from Norway, resulting in a negative trade balance of €49.4M. Between November 2023 and November 2024 the exports of Portugal have increased by €1.03M (6.38%) from €16.2M to €17.2M, while imports increased by €57M (586%) from €9.72M to €66.7M.

Trade In November 2024, the top exports of Portugal to Norway were Ores, slag and ash (€16.2M), Iron & steel (€2.25M), Machinery, mechanical appliances, & parts (€1.13M), Footwear (€1.09M), and Knitted clothing accesories (€942k). In November 2024 the top imports of Portugal from Norway were Mineral fuels, mineral oils and products... (€3.82M), Iron & steel (€1.95M), Electrical machinery and electronics (€892k), Inorganic chemicals (€604k), and Salt, sulphur, cement, lime, stone, &... (€468k).

Growth In November 2024, the increase in Portugal's year-by-year exports to Norway was explained primarily by an increase in product exports in Ores, slag and ash (€3.43M or 26.8%), Machinery, mechanical appliances, & parts (€629k or 125%), and Optical, photo, & film equipment; medical... (€522k or 183%). In November 2024, the increase in Portugal's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Electrical machinery and electronics (€701k or 368%), Salt, sulphur, cement, lime, stone, &... (€468k or 23.4M%), and Inorganic chemicals (€143k or 31%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€1.03M(6.38%)
IMPORT GROWTH (November 2023 - November 2024)€57M(586%)

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 Norway and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $357M to Norway. The main products exported from Portugal to Norway were Zinc Ore ($72.7M), Leather Footwear ($27.3M), and Wine ($16.5M). During the last 5 years the exports of Portugal to Norway have increased at an annualized rate of 2.24%, from $319M in 2018 to $357M in 2023.

In 2018, Norway exported $368M to Portugal. The main products exported from Norway to Portugal were Crude Petroleum ($155M), Raw Aluminium ($78.7M), and Petroleum Gas ($51.4M). During the last 5 years the exports of Norway to Portugal have decreased at an annualized rate of 1.92%, from $405M in 2023 to $368M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Portugal than Norway included Spain ($17.7B), Canada ($2.39B), and Morocco ($1.65B).

In 2023, countries that imported more from Norway than Portugal included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

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

Comparative Advantage Portugal - Norway

Flow
Scale

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

During 2023, Portugal had a large net trade with Norway in the exports of Mineral Products ($72.8M), Textiles ($44.4M), and Metals ($39.8M).

During 2018, Norway had a large net trade with Portugal in the exports of Mineral Products ($208M), Metals ($97.8M), and Animal Products ($25.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Norway+$4.96MInsulated Wire
Top Product Potential Norway Portugal+$80.6MCrude 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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Economic Complexity

Competitive Landscape

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

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

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