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Pricing

2022
Flag → Flag
Exports $56.2MRnk 70 / 208
2022
Flag → Flag
Top Product $5.34MUncoated Paper
2022
Flag → Flag
Exports $152MRnk 44 / 191
2022
Flag → Flag
Top Product $73.7MCorn
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 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$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Portugal-Ukraine Trade: In 2022, Portugal exported $56.2M to Ukraine. The main products that Portugal exported to Ukraine were Uncoated Paper ($5.34M), Planes, Helicopters, and/or Spacecraft ($4.28M), and Processed Tobacco ($3.69M). Over the past 5 years the exports of Portugal to Ukraine have decreased at an annualized rate of 0.94%, from $58.9M in 2017 to $56.2M in 2022.

In 2022, Portugal did not export any services to Ukraine.

Ukraine-Portugal Trade: In 2022, Ukraine exported $152M to Portugal. The main products that Ukraine exported to Portugal were Corn ($73.7M), Hot-Rolled Iron ($13.6M), and Rapeseed ($9.64M). Over the past 5 years the exports of Ukraine to Portugal have decreased at an annualized rate of 10.6%,  from $268M in 2017 to $152M in 2022.

In 2022, Ukraine did not export any services to Portugal.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €4.04M and imported €12.8M from Ukraine, resulting in a negative trade balance of €8.77M. Between August 2023 and August 2024 the exports of Portugal have increased by €595k (17.3%) from €3.44M to €4.04M, while imports decreased by €-1.19M (-8.51%) from €14M to €12.8M.

Trade In August 2024, the top exports of Portugal to Ukraine were Cork & cork articles (€447k), Iron or steel articles (€274k), Beverages, spirits, & vinegar (€221k), Electrical machinery and electronics (€173k), and Tobacco & substitutes (€170k). In August 2024 the top imports of Portugal from Ukraine were Cereals (€29.9M), Animal or vegetable fats, oils, &... (€10.2M), Oils seeds, oleaginous fruits, grains, straw... (€5.06M), Furskins, articifial fur, & articles (€603k), and Wood, wood articles, & charcoal (€449k).

Growth In August 2024, the increase in Portugal's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Iron or steel articles (€145k or 112%), Edible products of animal origin, n.e.s. (€50.8k or 93.8%), and Cars, tractors, trucks & parts thereof. (€30.5k or 264%). In August 2024, the decrease in Portugal's year-by-year imports  from Ukraine was explained primarily by an decrease in product imports  in Oils seeds, oleaginous fruits, grains, straw... (€-3.36M or -39.9%), Iron & steel (€-3M or -100%), and Edible vegetables, roots, & tubers (€-232k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€595k(17.3%)
IMPORT GROWTH (August 2023 - August 2024)€-1.19M(-8.51%)

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 Ukraine and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ukraine and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $56.2M to Ukraine. The main products exported from Portugal to Ukraine were Uncoated Paper ($5.34M), Planes, Helicopters, and/or Spacecraft ($4.28M), and Processed Tobacco ($3.69M). During the last 5 years the exports of Portugal to Ukraine have decreased at an annualized rate of 0.94%, from $58.9M in 2017 to $56.2M in 2022.

In 2017, Ukraine exported $152M to Portugal. The main products exported from Ukraine to Portugal were Corn ($73.7M), Hot-Rolled Iron ($13.6M), and Rapeseed ($9.64M). During the last 5 years the exports of Ukraine to Portugal have decreased at an annualized rate of 10.6%, from $268M in 2022 to $152M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Ukraine
Top DestinationPoland$6.7B

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

In 2022, countries that imported more from Portugal than Ukraine included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Ukraine than Portugal included Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

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

Comparative Advantage Portugal - Ukraine

Flow
Scale

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

During 2022, Portugal had a large net trade with Ukraine in the exports of Machines ($11.2M), Foodstuffs ($10.8M), and Textiles ($5.73M).

During 2017, Ukraine had a large net trade with Portugal in the exports of Vegetable Products ($91M), Metals ($19.5M), and Machines ($10.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Ukraine+$2.08MUncoated Paper
Top Product Potential Ukraine Portugal+$10.2MCorn

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

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

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