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2023
Flag → Flag
Exports $275MRnk 37 / 211
2023
Flag → Flag
Top Product $53.1MCars
2023
Flag → Flag
Exports $492MRnk 48 / 182
2023
Flag → Flag
Top Product $364MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 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$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Portugal-Saudi Arabia Trade: In 2023, Portugal exported $275M to Saudi Arabia. The main products that Portugal exported to Saudi Arabia were Cars ($53.1M), Refined Petroleum ($24.2M), and Butter ($13.6M). Over the past 5 years the exports of Portugal to Saudi Arabia have increased at an annualized rate of 6.79%, from $198M in 2018 to $275M in 2023.

In 2023, Portugal did not export any services to Saudi Arabia.

Saudi Arabia-Portugal Trade: In 2023, Saudi Arabia exported $492M to Portugal. The main products that Saudi Arabia exported to Portugal were Refined Petroleum ($364M), Propylene Polymers ($58.6M), and Spark-Ignition Engines ($16.8M). Over the past 5 years the exports of Saudi Arabia to Portugal have decreased at an annualized rate of 11.2%,  from $891M in 2018 to $492M in 2023.

In 2023, Saudi Arabia did not export any services to Portugal.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €19.1M and imported €12.7M from Saudi Arabia, resulting in a positive trade balance of €6.4M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-1.96M (-9.33%) from €21M to €19.1M, while imports increased by €6.01M (90.1%) from €6.67M to €12.7M.

Trade In November 2024, the top exports of Portugal to Saudi Arabia were Furniture, bedding, lamps, & prefab buildings (€1.07M), Electrical machinery and electronics (€1.03M), Preparations of cereals, flour, starch or... (€1.03M), Cars, tractors, trucks & parts thereof. (€977k), and Machinery, mechanical appliances, & parts (€921k). In November 2024 the top imports of Portugal from Saudi Arabia were Mineral fuels, mineral oils and products... (€61.5M), Plastics & articles thereof (€5.38M), Inorganic chemicals (€235k), Footwear (€9.41k), and Electrical machinery and electronics (€5.94k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Saudi Arabia was explained primarily by an decrease in product exports in Stone, plaster, cement, asbestos, mica. (€-472k or -42.7%), Edible fruits, nuts & fruit peels (€-224k or -100%), and Coffee, tea, mate & spices (€-187k or -94.1%). In November 2024, the increase in Portugal's year-by-year imports  from Saudi Arabia was explained primarily by an increase in product imports  in Footwear (€7.35k or 358%), Knitted clothing accesories (€3.41k or 455%), and Perfumery & cosmetics (€499 or 179%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-1.96M(-9.33%)
IMPORT GROWTH (November 2023 - November 2024)€6.01M(90.1%)

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 Saudi Arabia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Saudi Arabia and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $275M to Saudi Arabia. The main products exported from Portugal to Saudi Arabia were Cars ($53.1M), Refined Petroleum ($24.2M), and Butter ($13.6M). During the last 5 years the exports of Portugal to Saudi Arabia have increased at an annualized rate of 6.79%, from $198M in 2018 to $275M in 2023.

In 2018, Saudi Arabia exported $492M to Portugal. The main products exported from Saudi Arabia to Portugal were Refined Petroleum ($364M), Propylene Polymers ($58.6M), and Spark-Ignition Engines ($16.8M). During the last 5 years the exports of Saudi Arabia to Portugal have decreased at an annualized rate of 11.2%, from $891M in 2023 to $492M in 2018.

Exports from Portugal (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Portugal than Saudi Arabia included Spain ($17.7B), Germany ($8.12B), and France ($9.19B).

In 2023, countries that imported more from Saudi Arabia than Portugal included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - Saudi Arabia

Flow
Scale

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

During 2023, Portugal had a large net trade with Saudi Arabia in the exports of Transportation ($54.8M), Machines ($42.8M), and Mineral Products ($26.4M).

During 2018, Saudi Arabia had a large net trade with Portugal in the exports of Mineral Products ($364M), Plastics and Rubbers ($63.9M), and Chemical Products ($24.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Saudi Arabia+$25MRefined Petroleum
Top Product Potential Saudi Arabia Portugal+$69.1MRefined 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 Saudi Arabia. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Portugal.

Product Space of Portugal (Flag) and Saudi Arabia (Flag) (2023)

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