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Pricing

2022
Flag → Flag
Exports $1.03BRnk 13 / 208
2022
Flag → Flag
Top Product $78.9MCopper Ore
2022
Flag → Flag
Exports $1BRnk 29 / 217
2022
Flag → Flag
Top Product $203MFish: dried, salted, smoked or in brine
2022
Flag
Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
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GDP PC$55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Portugal-Sweden In 2022, Portugal exported $1.03B to Sweden. The main products that Portugal exported to Sweden are Copper Ore ($78.9M), Cars ($69.2M), and Other Engines ($58.7M). During the last 27 years the exports of Portugal to Sweden have increased at an annualized rate of 2.51%, from $527M in 1995 to $1.03B in 2022.

In 2020, Portugal exported services to Sweden worth $90.2M, with Travel ($90.2M) being the largest in terms of value.

Sweden-Portugal In 2022, Sweden exported $1B to Portugal. The main products that Sweden exported to Portugal were Fish: dried, salted, smoked or in brine ($203M), Packaged Medicaments ($103M), and Non-fillet Fresh Fish ($61.4M). During the last 27 years the exports of Sweden to Portugal have increased at an annualized rate of 3.2%, from $428M in 1995 to $1B in 2022.

In 2020, Sweden exported services to Portugal worth $168M, with Other business services ($54.1M), Computer and information services ($46M), and Personal, cultural, and recreational services ($29.2M) being the largest in terms of value.

Comparison In 2022,  Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €75.5M and imported €65.2M from Sweden, resulting in a positive trade balance of €10.3M. Between January 2023 and January 2024 the exports of Portugal have decreased by €-6.57M (-8.01%) from €82.1M to €75.5M, while imports decreased by €-26.9M (-29.2%) from €92M to €65.2M.

Trade In January 2024, the top exports of Portugal to Sweden were Electrical machinery and electronics (€16.7M), Machinery, mechanical appliances, & parts (€11M), Optical, photo, & film equipment; medical... (€6.43M), Knitted clothing accesories (€5.9M), and Cars, tractors, trucks & parts thereof. (€4.97M). In January 2024 the top imports of Portugal from Sweden were Mineral fuels, mineral oils and products... (€20.8M), Fish, crustaceans, & molluscs (€13.8M), Cars, tractors, trucks & parts thereof. (€13.2M), Pharmaceutical products (€11.5M), and Machinery, mechanical appliances, & parts (€7.19M).

Growth In January 2024, the decrease in Portugal's year-by-year exports to Sweden was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-3.38M or -40.5%), Furniture, bedding, lamps, & prefab buildings (€-828k or -34.7%), and Used clothes & textile articles (€-583k or -26%). In January 2024, the decrease in Portugal's year-by-year imports  from Sweden was explained primarily by an decrease in product imports  in Wood pulp & paper scrap (€-1.15M or -24.2%), Iron & steel (€-1.03M or -32.6%), and Paints, dyes, & varnishes (€-693k or -45.8%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€-6.57M(-8.01%)
IMPORT GROWTH (January 2023 - January 2024)€-26.9M(-29.2%)

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 Sweden and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $1.03B to Sweden. The main products exported from Portugal to Sweden were Copper Ore ($78.9M), Cars ($69.2M), and Other Engines ($58.7M). During the last 27 years the exports of Portugal to Sweden have increased at an annualized rate of 2.51%, from $527M in 1995 to $1.03B in 2022.

In 2022, Sweden exported $1B to Portugal. The main products exported from Sweden to Portugal were Fish: dried, salted, smoked or in brine ($203M), Packaged Medicaments ($103M), and Non-fillet Fresh Fish ($61.4M). During the last 27 years the exports of Sweden to Portugal have increased at an annualized rate of 3.2%, from $428M in 1995 to $1B in 2022.

Exports from Portugal (Flag) to Sweden (Flag) (2022)

Exports from Sweden (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Sweden
Top DestinationGermany$19.2B

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

In 2021, countries that imported more from Portugal than Sweden were Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

In 2021, countries that imported more from Sweden than Portugal were Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

Difference in imports from Sweden (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - Sweden

Flow
Scale

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

During 2022, Portugal had a large net trade with Sweden in the exports of Machines ($237M), Transportation ($117M), and Textiles ($116M).

During 2022, Sweden had a large net trade with Portugal in the exports of Animal Products ($275M), Machines ($183M), and Chemical Products ($151M).

Service Trade

Bilateral Service Trade

In 2020, Portugal exported services to Sweden worth $90.2M, with Travel ($90.2M) being the largest in terms of value.

In 2020, Sweden exported services to Portugal worth $168M, with Other business services ($54.1M), Computer and information services ($46M), and Personal, cultural, and recreational services ($29.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

Product Space of Portugal (Flag) and Sweden (Flag) (2022)

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