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2023
Flag → Flag
Exports $326MRnk 34 / 211
2023
Flag → Flag
Top Product $78.9MIntegrated Circuits
2023
Flag → Flag
Exports $357MRnk 54 / 217
2023
Flag → Flag
Top Product $161MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 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$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Portugal-Singapore Trade: In 2023, Portugal exported $326M to Singapore. The main products that Portugal exported to Singapore were Integrated Circuits ($78.9M), Refined Petroleum ($78.4M), and Knitting Machine Accessories ($54.6M). Over the past 5 years the exports of Portugal to Singapore have decreased at an annualized rate of 2.87%, from $377M in 2018 to $326M in 2023.

In 2003, Portugal exported services to Singapore worth $6.26M, with Services not allocated ($6.26M) being the largest in terms of value.

Singapore-Portugal Trade: In 2023, Singapore exported $357M to Portugal. The main products that Singapore exported to Portugal were Integrated Circuits ($161M), Gas Turbines ($92.1M), and Semiconductor Devices ($29.6M). Over the past 5 years the exports of Singapore to Portugal have increased at an annualized rate of 35.4%,  from $78.3M in 2018 to $357M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €6.11M and imported €23.2M from Singapore, resulting in a negative trade balance of €17M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-39.9M (-86.7%) from €46M to €6.11M, while imports decreased by €-2.4M (-9.39%) from €25.6M to €23.2M.

Trade In November 2024, the top exports of Portugal to Singapore were Electrical machinery and electronics (€3.39M), Beverages, spirits, & vinegar (€311k), Pharmaceutical products (€92.2k), Plastics & articles thereof (€91.5k), and Rubber & articles thereof (€89.3k). In November 2024 the top imports of Portugal from Singapore were Electrical machinery and electronics (€15.6M), Pharmaceutical products (€2.35M), Rubber & articles thereof (€646k), Machinery, mechanical appliances, & parts (€372k), and Preparations of cereals, flour, starch or... (€220k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Electrical machinery and electronics (€-381k or -10.1%), Edible products of animal origin, n.e.s. (€-243k or -100%), and Paints, dyes, & varnishes (€-124k or -99.5%). In November 2024, the decrease in Portugal's year-by-year imports  from Singapore was explained primarily by an decrease in product imports  in Ships, boats, & floating structures (€-465k or -100%), Plastics & articles thereof (€-18.7k or -82.5%), and Coffee, tea, mate & spices (€-18.6k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-39.9M(-86.7%)
IMPORT GROWTH (November 2023 - November 2024)€-2.4M(-9.39%)

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 Singapore and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $326M to Singapore. The main products exported from Portugal to Singapore were Integrated Circuits ($78.9M), Refined Petroleum ($78.4M), and Knitting Machine Accessories ($54.6M). During the last 5 years the exports of Portugal to Singapore have decreased at an annualized rate of 2.87%, from $377M in 2018 to $326M in 2023.

In 2018, Singapore exported $357M to Portugal. The main products exported from Singapore to Portugal were Integrated Circuits ($161M), Gas Turbines ($92.1M), and Semiconductor Devices ($29.6M). During the last 5 years the exports of Singapore to Portugal have increased at an annualized rate of 35.4%, from $78.3M in 2023 to $357M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Portugal than Singapore included Spain ($17.7B), France ($9.19B), and Italy ($3.83B).

In 2023, countries that imported more from Singapore than Portugal included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

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

Comparative Advantage Portugal - Singapore

Flow
Scale

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

During 2023, Portugal had a large net trade with Singapore in the exports of Machines ($181M), Mineral Products ($78.9M), and Textiles ($35.2M).

During 2018, Singapore had a large net trade with Portugal in the exports of Machines ($325M), Chemical Products ($12.2M), and Plastics and Rubbers ($10.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Singapore+$26.4MRefined Petroleum
Top Product Potential Singapore Portugal+$52.3MIntegrated Circuits

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 Singapore. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Portugal.

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

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