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2023
Flag → Flag
Exports $651MRnk 19 / 211
2023
Flag → Flag
Top Product $122MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $557MRnk 34 / 199
2023
Flag → Flag
Top Product $123MCars
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
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Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
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GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
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GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
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GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

Portugal-Romania Trade: In 2023, Portugal exported $651M to Romania. The main products that Portugal exported to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($122M), Metal Molds ($51.7M), and Gas Turbines ($38.8M). Over the past 5 years the exports of Portugal to Romania have increased at an annualized rate of 4.94%, from $511M in 2018 to $651M in 2023.

In 2020, Portugal exported services to Romania worth $25.1M, with Travel ($25.1M) being the largest in terms of value.

Romania-Portugal Trade: In 2023, Romania exported $557M to Portugal. The main products that Romania exported to Portugal were Cars ($123M), Sunflower Seeds ($57.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($36.7M). Over the past 5 years the exports of Romania to Portugal have increased at an annualized rate of 10.3%,  from $342M in 2018 to $557M in 2023.

In 2020, Romania exported services to Portugal worth $58.3M, with Transportation ($24.8M), Other business services ($9.48M), and Computer and information services ($8.68M) 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €49M and imported €44M from Romania, resulting in a positive trade balance of €4.97M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-3.67M (-6.98%) from €52.7M to €49M, while imports decreased by €-6.5M (-12.9%) from €50.5M to €44M.

Trade In November 2024, the top exports of Portugal to Romania were Electrical machinery and electronics (€10.2M), Cars, tractors, trucks & parts thereof. (€9.4M), Machinery, mechanical appliances, & parts (€4.94M), Optical, photo, & film equipment; medical... (€4.79M), and Coated, covered, & laminated fabrics for... (€2.36M). In November 2024 the top imports of Portugal from Romania were Cars, tractors, trucks & parts thereof. (€6.79M), Electrical machinery and electronics (€3.59M), Furniture, bedding, lamps, & prefab buildings (€2.57M), Machinery, mechanical appliances, & parts (€2.05M), and Plastics & articles thereof (€1.33M).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Romania was explained primarily by an decrease in product exports in Wool & animal hair (€-683k or -48.6%), Beverages, spirits, & vinegar (€-153k or -73.9%), and Miscellaneous metal products (€-124k or -26%). In November 2024, the decrease in Portugal's year-by-year imports  from Romania was explained primarily by an decrease in product imports  in Oils seeds, oleaginous fruits, grains, straw... (€-11.7M or -99.6%), Animal or vegetable fats, oils, &... (€-5.74M or -100%), and Iron & steel (€-3.62M or -98.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-3.67M(-6.98%)
IMPORT GROWTH (November 2023 - November 2024)€-6.5M(-12.9%)

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 Romania and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Romania and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $651M to Romania. The main products exported from Portugal to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($122M), Metal Molds ($51.7M), and Gas Turbines ($38.8M). During the last 5 years the exports of Portugal to Romania have increased at an annualized rate of 4.94%, from $511M in 2018 to $651M in 2023.

In 2018, Romania exported $557M to Portugal. The main products exported from Romania to Portugal were Cars ($123M), Sunflower Seeds ($57.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($36.7M). During the last 5 years the exports of Romania to Portugal have increased at an annualized rate of 10.3%, from $342M in 2023 to $557M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Portugal than Romania included Spain ($17.7B), France ($9.19B), and United States ($6.41B).

In 2023, countries that imported more from Romania than Portugal included Germany ($19.9B), Italy ($10.2B), and Bulgaria ($4.03B).

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

Comparative Advantage Portugal - Romania

Flow
Scale

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

During 2023, Portugal had a large net trade with Romania in the exports of Machines ($223M), Transportation ($177M), and Textiles ($78.7M).

During 2018, Romania had a large net trade with Portugal in the exports of Transportation ($169M), Vegetable Products ($149M), and Machines ($94.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Romania+$21.1MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Romania Portugal+$33.3MCars

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 Romania worth $25.1M, with Travel ($25.1M) being the largest in terms of value.

In 2020, Romania exported services to Portugal worth $58.3M, with Transportation ($24.8M), Other business services ($9.48M), and Computer and information services ($8.68M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Romania (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 Romania. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Portugal.

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

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