Flag United States / Portugal Flag

Exports Flag → Flag  (2018): $1.7B, Rnk 63 / 215

Top Product Flag → Flag (2018): $225M, Soybeans

Exports Flag → Flag (2018): $3.76B, Rnk 5 / 201

Top Product Flag → Flag (2018): $880M, Refined Petroleum

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

Economic Complexity of Flag (2018): ECI 0.46, Rnk 48 / 137

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP Flag (2018): $241B, CURRENT US$
Rnk 46 / 196

GDP GROWTH Flag (2008-2018): -8.26%, CURRENT US$
Rnk 183 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

GDP PC Flag (2018): $23,408, CURRENT US$
Rnk 41 / 196

GDP PC GROWTH Flag (2008-2018): -5.79%, CURRENT US$
Rnk 162 / 196

United States-Portugal: In 2018, United States exported $1.7B to Portugal. The main products exported from United States to Portugal were Soybeans ($225M), Planes, Helicopters, and/or Spacecraft ($207M), and Gas Turbines ($177M). During the last 23 years the exports of United States to Portugal have increased at an annualized rate of 1.86%, from $1.11B in 1995 to $1.7B in 2018.

Portugal-United States: In 2018, Portugal exported $3.76B to United States. The main products exported from Portugal to United States were Refined Petroleum ($880M), Natural Cork Articles ($145M), and Rubber Tires ($144M). During the last 23 years the exports of Portugal to United States have increased at an annualized rate of 5.14%, from $1.19B in 1995 to $3.76B in 2018. In 2017, Portugal exported services to United States worth $1.96B, with Travel ($919M), Transportation ($518M), and Other business services ($340M) being the largest in terms of value.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Portugal ranked 48 in the Economic Complexity Index (ECI 0.46), and 44 in total exports ($72B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, and Portugal was ranked 41 with a GDP Per Capita of $23,408.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, United States exported $1.7B to Portugal. The main products exported from United States to Portugal were Soybeans ($225M), Planes, Helicopters, and/or Spacecraft ($207M), and Gas Turbines ($177M). During the last 23 years the exports of United States to Portugal have increased at an annualized rate of 1.86%, from $1.11B in 1995 to $1.7B in 2018.

In 2018, Portugal exported $3.76B to United States. The main products exported from Portugal to United States were Refined Petroleum ($880M), Natural Cork Articles ($145M), and Rubber Tires ($144M). During the last 23 years the exports of Portugal to United States have increased at an annualized rate of 5.14%, from $1.19B in 1995 to $3.76B in 2018.

Market Competitiveness

#permalink to section
Measure

United States
Top Destination
: Mexico, $237B

Portugal
Top Destination
: Spain, $16.8B

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

In 2018, countries that imported more from United States than Portugal were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Portugal than United States were Spain ($16.8B), Angola ($1.98B), and Cape Verde ($346M).

Comparative Advantage United States - Portugal

#permalink to section
Depth

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

During 2018, United States had a large net trade with Portugal in the exports of Machines ($361M), Mineral Products ($318M), and Vegetable Products ($293M).

During 2018, Portugal had a large net trade with United States in the exports of Mineral Products ($909M), Textiles ($444M), and Machines ($430M).

Tariff Section

#permalink to section

This sections shows import tariffs for products traded between United States and Portugal (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Portugal were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2017, the products from Portugal that paid the highest import tariffs to enter United States were Sugar beet (178%) and Whey (173%).

Explore Tariff Data

*The tariffs present between United States and Portugal are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between United States and Portugal. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

#permalink to section

In 2017, Portugal exported services to United States worth $1.96B, with Travel ($919M), Transportation ($518M), and Other business services ($340M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Portugal. Similarly, the more red a dot/product is, the more Portugal has comparative advantage over United States.