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2022
Flag → Flag
Exports $44.3MRnk 92 / 213
2022
Flag → Flag
Top Product $17.2MRapeseed
2022
Flag → Flag
Exports $10.1MRnk 34 / 208
2022
Flag → Flag
Top Product $92.1MCars
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC $64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Australia-Portugal Trade: In 2022, Australia exported $44.3M to Portugal. The main products that Australia exported to Portugal were Rapeseed ($17.2M), Spark-Ignition Engines ($2.54M), and Sheep Hides ($2.36M). Over the past 5 years the exports of Australia to Portugal have decreased at an annualized rate of 0.83%, from $46.1M in 2017 to $44.3M in 2022.

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

Portugal-Australia Trade: In 2022, Portugal exported $310M to Australia. The main products that Portugal exported to Australia were Cars ($92.1M), Packaged Medicaments ($29.4M), and Leather Footwear ($10.3M). Over the past 5 years the exports of Portugal to Australia have increased at an annualized rate of 9.89%,  from $176M in 2017 to $310M in 2022.

In 2020, Portugal exported services to Australia worth $17.1M, with Travel ($17.1M) being the largest in terms of value.

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Australia exported $44.3M to Portugal. The main products exported from Australia to Portugal were Rapeseed ($17.2M), Spark-Ignition Engines ($2.54M), and Sheep Hides ($2.36M). During the last 5 years the exports of Australia to Portugal have decreased at an annualized rate of 14.4%, from $567k in 2017 to $44.3M in 2022.

In 2017, Portugal exported $310M to Australia. The main products exported from Portugal to Australia were Cars ($92.1M), Packaged Medicaments ($29.4M), and Leather Footwear ($10.3M). During the last 5 years the exports of Portugal to Australia have increased at an annualized rate of 55.5%, from $1.11M in 2022 to $310M in 2017.

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

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

Latest Data

Trade between Australia (Flag) and Portugal (Flag)

Australia Exports

Portugal Exports

Market Competitiveness

Color
Australia
Top DestinationChina$123B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Australia than Portugal included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

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

Comparative Advantage Australia - Portugal

Flow
Scale

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

During 2022, Australia had a large net trade with Portugal in the exports of Vegetable Products ($19.3M), Machines ($13.2M), and Animal Hides ($2.43M).

During 2017, Portugal had a large net trade with Australia in the exports of Transportation ($97.5M), Chemical Products ($49M), and Machines ($27.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia Portugal+$1.12MRefined Petroleum
Top Product Potential Portugal Australia+$44.6MCars

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 Australia worth $17.1M, with Travel ($17.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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