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Pricing

2022
Flag → Flag
Exports $1.11BRnk 11 / 208
2022
Flag → Flag
Top Product $227MPolycarboxylic Acids
2022
Flag → Flag
Exports $1.53BRnk 42 / 219
2022
Flag → Flag
Top Product $149MCars
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Portugal-Turkey Trade: In 2022, Portugal exported $1.11B to Turkey. The main products that Portugal exported to Turkey were Polycarboxylic Acids ($227M), Cars ($191M), and Sulfate Chemical Woodpulp ($85.2M). Over the past 5 years the exports of Portugal to Turkey have increased at an annualized rate of 14.5%, from $567M in 2017 to $1.11B in 2022.

In 2020, Portugal exported services to Turkey worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Turkey-Portugal Trade: In 2022, Turkey exported $1.53B to Portugal. The main products that Turkey exported to Portugal were Cars ($149M), Non-Retail Pure Cotton Yarn ($132M), and Buses ($110M). Over the past 5 years the exports of Turkey to Portugal have increased at an annualized rate of 12.9%,  from $833M in 2017 to $1.53B in 2022.

In 2008, Turkey exported services to Portugal worth $946k, with Other business services ($946k) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €41.8M and imported €122M from Turkey, resulting in a negative trade balance of €79.9M. Between June 2023 and June 2024 the exports of Portugal have decreased by €-43.9M (-51.2%) from €85.6M to €41.8M, while imports increased by €29.3M (31.7%) from €92.4M to €122M.

Trade In June 2024, the top exports of Portugal to Turkey were Cars, tractors, trucks & parts thereof. (€19.6M), Mineral fuels, mineral oils and products... (€16.2M), Organic chemicals (€10.6M), Wood pulp & paper scrap (€8.07M), and Paper articles (€5.47M). In June 2024 the top imports of Portugal from Turkey were Cars, tractors, trucks & parts thereof. (€31.5M), Inorganic chemicals (€11.1M), Machinery, mechanical appliances, & parts (€10.5M), Plastics & articles thereof (€6.14M), and Iron & steel (€5.7M).

Growth In June 2024, the decrease in Portugal's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Organic chemicals (€-7.68M or -42.1%), Food residues & wastes; animal fodder (€-4.92M or -100%), and Wood pulp & paper scrap (€-2.84M or -26%). In June 2024, the increase in Portugal's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€22.8M or 263%), Inorganic chemicals (€4.39M or 65.1%), and Machinery, mechanical appliances, & parts (€3.38M or 47.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€-43.9M(-51.2%)
IMPORT GROWTH (June 2023 - June 2024)€29.3M(31.7%)

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 Turkey and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $1.11B to Turkey. The main products exported from Portugal to Turkey were Polycarboxylic Acids ($227M), Cars ($191M), and Sulfate Chemical Woodpulp ($85.2M). During the last 5 years the exports of Portugal to Turkey have increased at an annualized rate of 14.5%, from $567M in 2017 to $1.11B in 2022.

In 2017, Turkey exported $1.53B to Portugal. The main products exported from Turkey to Portugal were Cars ($149M), Non-Retail Pure Cotton Yarn ($132M), and Buses ($110M). During the last 5 years the exports of Turkey to Portugal have increased at an annualized rate of 12.9%, from $833M in 2022 to $1.53B in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Portugal than Turkey included Spain ($20.5B), Angola ($1.59B), and Gibraltar ($561M).

In 2022, countries that imported more from Turkey than Portugal included Iraq ($13.7B), Germany ($21.9B), and United States ($17.1B).

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

Comparative Advantage Portugal - Turkey

Flow
Scale

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

During 2022, Portugal had a large net trade with Turkey in the exports of Chemical Products ($263M), Transportation ($251M), and Paper Goods ($215M).

During 2017, Turkey had a large net trade with Portugal in the exports of Transportation ($438M), Textiles ($268M), and Metals ($222M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Turkey+$69.4MCars
Top Product Potential Turkey Portugal+$55.1MCars

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

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

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