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2023
Flag → Flag
Exports $128MRnk 57 / 168
2023
Flag → Flag
Top Product $21.7MDried Legumes
2023
Flag → Flag
Exports $114MRnk 51 / 211
2023
Flag → Flag
Top Product $11.3MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $14,187CURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Argentina-Portugal Trade: In 2023, Argentina exported $128M to Portugal. The main products that Argentina exported to Portugal were Dried Legumes ($21.7M), Motor vehicles; parts and accessories (8701 to 8705) ($13.9M), and Pure Olive Oil ($13.9M). Over the past 5 years the exports of Argentina to Portugal have increased at an annualized rate of 7.81%, from $87.6M in 2018 to $128M in 2023.

In 2023, Argentina did not export any services to Portugal.

Portugal-Argentina Trade: In 2023, Portugal exported $114M to Argentina. The main products that Portugal exported to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($11.3M), Natural Cork Articles ($9.77M), and Agglomerated Cork ($9.58M). Over the past 5 years the exports of Portugal to Argentina have decreased at an annualized rate of 8.85%,  from $181M in 2018 to $114M in 2023.

In 2020, Portugal exported services to Argentina worth $5.71M, with Travel ($5.71M) being the largest in terms of value.

Comparison: In 2023,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Argentina exported $128M to Portugal. The main products exported from Argentina to Portugal were Dried Legumes ($21.7M), Motor vehicles; parts and accessories (8701 to 8705) ($13.9M), and Pure Olive Oil ($13.9M). During the last 5 years the exports of Argentina to Portugal have increased at an annualized rate of 7.81%, from $87.6M in 2018 to $128M in 2023.

In 2018, Portugal exported $114M to Argentina. The main products exported from Portugal to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($11.3M), Natural Cork Articles ($9.77M), and Agglomerated Cork ($9.58M). During the last 5 years the exports of Portugal to Argentina have decreased at an annualized rate of 8.85%, from $181M in 2023 to $114M in 2018.

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

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

Latest Data

Trade between Argentina (Flag) and Portugal (Flag)

Argentina Exports

Portugal Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.1B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Argentina than Portugal included Brazil ($12.1B), Chile ($5.57B), and China ($5.36B).

In 2023, countries that imported more from Portugal than Argentina included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Argentina - Portugal

Flow
Scale

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

During 2023, Argentina had a large net trade with Portugal in the exports of Vegetable Products ($35.9M), Animal Products ($31M), and Animal and Vegetable Bi-Products ($23.5M).

During 2018, Portugal had a large net trade with Argentina in the exports of Machines ($37.9M), Wood Products ($19.8M), and Transportation ($14.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Portugal+$6.23MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Portugal Argentina+$10.6MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

In 2020, Portugal exported services to Argentina worth $5.71M, with Travel ($5.71M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Argentina and Portugal. This means that a dot/product with the flag of Argentina indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Argentina.

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

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