New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $195MRnk 41 / 208
2022
Flag → Flag
Top Product $64.4MRefined Petroleum
2022
Flag → Flag
Exports $650MRnk 41 / 138
2022
Flag → Flag
Top Product $302MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 34 / 124
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 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$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Portugal-Saudi Arabia In 2022, Portugal exported $195M to Saudi Arabia. The main products that Portugal exported to Saudi Arabia are Refined Petroleum ($64.4M), Cars ($9.52M), and Building Stone ($6.65M). During the last 27 years the exports of Portugal to Saudi Arabia have increased at an annualized rate of 5.26%, from $48.9M in 1995 to $195M in 2022.

In 2022, Portugal did not export any services to Saudi Arabia.

Saudi Arabia-Portugal In 2022, Saudi Arabia exported $650M to Portugal. The main products that Saudi Arabia exported to Portugal were Refined Petroleum ($302M), Cyclic Hydrocarbons ($222M), and Propylene Polymers ($106M). During the last 27 years the exports of Saudi Arabia to Portugal have increased at an annualized rate of 2.78%, from $310M in 1995 to $650M in 2022.

In 2022, Saudi Arabia did not export any services to Portugal.

Comparison In 2022,  Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Saudi Arabia ranked 34 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €13.6M and imported €51M from Saudi Arabia, resulting in a negative trade balance of €37.3M. Between January 2023 and January 2024 the exports of Portugal have increased by €3.15M (30.1%) from €10.5M to €13.6M, while imports decreased by €-16.2M (-24.1%) from €67.1M to €51M.

Trade In January 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 January 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 January 2024, the increase in Portugal's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€856k or 711%), Edible products of animal origin, n.e.s. (€765k or 615%), and Machinery, mechanical appliances, & parts (€628k or 215%). In January 2024, the decrease in Portugal's year-by-year imports  from Saudi Arabia was explained primarily by an decrease in product imports  in Organic chemicals (€-22.4M or -100%), Plastics & articles thereof (€-10.7M or -66.6%), and Inorganic chemicals (€-629k or -72.8%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€3.15M(30.1%)
IMPORT GROWTH (January 2023 - January 2024)€-16.2M(-24.1%)

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

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $195M to Saudi Arabia. The main products exported from Portugal to Saudi Arabia were Refined Petroleum ($64.4M), Cars ($9.52M), and Building Stone ($6.65M). During the last 27 years the exports of Portugal to Saudi Arabia have increased at an annualized rate of 5.26%, from $48.9M in 1995 to $195M in 2022.

In 2022, Saudi Arabia exported $650M to Portugal. The main products exported from Saudi Arabia to Portugal were Refined Petroleum ($302M), Cyclic Hydrocarbons ($222M), and Propylene Polymers ($106M). During the last 27 years the exports of Saudi Arabia to Portugal have increased at an annualized rate of 2.78%, from $310M in 1995 to $650M in 2022.

Exports from Portugal (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Saudi Arabia
Top DestinationChina$68B

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 2021, countries that imported more from Portugal than Saudi Arabia were Spain ($20.5B), Germany ($8.76B), and France ($9.49B).

In 2021, countries that imported more from Saudi Arabia than Portugal were China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Portugal (Flag) (2022)

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 2022, Portugal had a large net trade with Saudi Arabia in the exports of Mineral Products ($64.9M), Machines ($18.6M), and Foodstuffs ($17.5M).

During 2022, Saudi Arabia had a large net trade with Portugal in the exports of Mineral Products ($302M), Chemical Products ($230M), and Plastics and Rubbers ($114M).

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

Product Space of Portugal (Flag) and Saudi Arabia (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms