NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $3.95BRnk 20 / 221
2023
Flag → Flag
Top Product $2.47BCrude Petroleum
2023
Flag → Flag
Exports $1.11BRnk 16 / 211
2023
Flag → Flag
Top Product $356MPure Olive Oil
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Brazil-Portugal Trade: In 2023, Brazil exported $3.95B to Portugal. The main products that Brazil exported to Portugal were Crude Petroleum ($2.47B), Soybeans ($316M), and Raw Sugar ($173M). Over the past 5 years the exports of Brazil to Portugal have increased at an annualized rate of 20.2%, from $1.57B in 2018 to $3.95B in 2023.

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

Portugal-Brazil Trade: In 2023, Portugal exported $1.11B to Brazil. The main products that Portugal exported to Brazil were Pure Olive Oil ($356M), Aircraft parts (gliders, balloons, and powered aircraft) ($172M), and Non-fillet Frozen Fish ($73.9M). Over the past 5 years the exports of Portugal to Brazil have increased at an annualized rate of 1.88%,  from $1.01B in 2018 to $1.11B in 2023.

In 2020, Portugal exported services to Brazil worth $580M, with Transportation ($287M), Travel ($241M), and Other business services ($34.3M) being the largest in terms of value.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $174M and imported $102M from Portugal, resulting in a positive trade balance of $71.4M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-172M (-49.7%) from $345M to $174M, while imports decreased by $-17.9M (-14.9%) from $120M to $102M.

Trade In December 2024, the top exports of Brazil to Portugal were Crude Petroleum ($136M), Hot-Rolled Iron ($23.3M), Raw Sugar ($18.2M), Refined Petroleum ($16.3M), and Rough Wood ($9.25M). In December 2024 the top imports of Brazil from Portugal were Pure Olive Oil ($42M), Aircraft parts for spacecraft, UAVs, and... ($12.9M), Apples and Pears ($8.57M), Wine ($5.29M), and Non-fillet Frozen Fish ($4.43M).

Origins In December 2024 the exports of Brazil were mainly from Espírito Santo ($35M), São Paulo ($17.8M), Rio Grande do Sul ($7.58M), Amapá ($7.41M), and Santa Catarina ($6.88M), while imports destinations were mainly São Paulo ($45.5M), Santa Catarina ($23.7M), Rio de Janeiro ($6.08M), Paraná ($4.24M), and Amazonas ($4.11M).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Portugal was explained primarily by an decrease in product exports in Crude Petroleum ($-105M or -43.5%), Refined Petroleum ($-1.08M or -6.22%), and Electric Motor Parts ($-796k or -39.8%). In December 2024, the decrease in Brazil's year-by-year imports  from Portugal was explained primarily by an decrease in product imports  in Glass Bottles ($-1.64M or -99.9%), Aircraft parts for spacecraft, UAVs, and... ($-782k or -5.7%), and Forging Machines ($-769k or -96.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-172M(-49.7%)
IMPORT GROWTH (December 2023 - December 2024)$-17.9M(-14.9%)
MAIN EXPORTER (December 2024)Espírito Santo$35M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Portugal and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Portugal and Brazil Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $3.95B to Portugal. The main products exported from Brazil to Portugal were Crude Petroleum ($2.47B), Soybeans ($316M), and Raw Sugar ($173M). During the last 5 years the exports of Brazil to Portugal have increased at an annualized rate of 20.2%, from $1.57B in 2018 to $3.95B in 2023.

In 2018, Portugal exported $1.11B to Brazil. The main products exported from Portugal to Brazil were Pure Olive Oil ($356M), Aircraft parts (gliders, balloons, and powered aircraft) ($172M), and Non-fillet Frozen Fish ($73.9M). During the last 5 years the exports of Portugal to Brazil have increased at an annualized rate of 1.88%, from $1.01B in 2023 to $1.11B in 2018.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Brazil than Portugal included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Portugal than Brazil included Spain ($17.7B), France ($9.19B), and Angola ($1.64B).

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

Comparative Advantage Brazil - Portugal

Flow
Scale

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

During 2023, Brazil had a large net trade with Portugal in the exports of Mineral Products ($2.49B), Vegetable Products ($591M), and Foodstuffs ($215M).

During 2018, Portugal had a large net trade with Brazil in the exports of Animal and Vegetable Bi-Products ($357M), Transportation ($187M), and Machines ($103M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Portugal+$96.4MRefined Petroleum
Top Product Potential Portugal Brazil+$48.3MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Portugal exported services to Brazil worth $580M, with Transportation ($287M), Travel ($241M), and Other business services ($34.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms