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2022
Flag → Flag
Exports $1.45BRnk 16 / 223
2022
Flag → Flag
Top Product $2.55BCrude Petroleum
2022
Flag → Flag
Exports $1.09BRnk 14 / 208
2022
Flag → Flag
Top Product $298MPure Olive Oil
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
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GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Brazil-Portugal Trade: In 2022, Brazil exported $1.45B to Portugal. The main products that Brazil exported to Portugal were Crude Petroleum ($2.55B), Soybeans ($350M), and Corn ($288M). Over the past 5 years the exports of Brazil to Portugal have increased at an annualized rate of 22.5%, from $525M in 2017 to $1.45B in 2022.

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

Portugal-Brazil Trade: In 2022, Portugal exported $1.09B to Brazil. The main products that Portugal exported to Brazil were Pure Olive Oil ($298M), Aircraft Parts ($125M), and Wine ($72M). Over the past 5 years the exports of Portugal to Brazil have increased at an annualized rate of 39.6%,  from $206M in 2017 to $1.09B in 2022.

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 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Latest Trends

May, 2024

About

Overview In May 2024, Brazil exported $401M and imported $129M from Portugal, resulting in a positive trade balance of $272M. Between May 2023 and May 2024 the exports of Brazil have increased by $86.6M (27.5%) from $315M to $401M, while imports increased by $64.4M (99%) from $65.1M to $129M.

Trade In May 2024, the top exports of Brazil to Portugal were Crude Petroleum ($241M), Refined Petroleum ($17.4M), Raw Sugar ($12.4M), Rough Wood ($2.84M), and Electric Motor Parts ($2M). In May 2024 the top imports of Brazil from Portugal were Pure Olive Oil ($23.3M), Aircraft parts including unmanned craft ($13.7M), Wine ($5.7M), Apples and Pears ($4.9M), and Non-fillet Frozen Fish ($3.27M).

Origins In May 2024 the exports of Brazil were mainly from Rio de Janeiro ($233M), São Paulo ($21.7M), Paraná ($9.58M), Santa Catarina ($8.71M), and Mato Grosso ($8.31M), while imports destinations were mainly São Paulo ($34.9M), Maranhão ($26.1M), Santa Catarina ($21.8M), Minas Gerais ($9.2M), and Pernambuco ($8.89M).

Growth In May 2024, the increase in Brazil's year-by-year exports to Portugal was explained primarily by an increase in product exports in Crude Petroleum ($174M or 260%), Raw Sugar ($9.74M or 370%), and Refined Petroleum ($5.87M or 50.9%). In May 2024, the increase in Brazil's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Apples and Pears ($2.14M or 77.3%), Pure Olive Oil ($1.73M or 8.03%), and Glass Bottles ($1.6M or 3.79k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$86.6M(27.5%)
IMPORT GROWTH (May 2023 - May 2024)$64.4M(99%)
MAIN EXPORTER (May 2024)Rio de Janeiro$233M

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $1.45B to Portugal. The main products exported from Brazil to Portugal were Crude Petroleum ($2.55B), Soybeans ($350M), and Corn ($288M). During the last 5 years the exports of Brazil to Portugal have increased at an annualized rate of 22.5%, from $525M in 2017 to $1.45B in 2022.

In 2017, Portugal exported $1.09B to Brazil. The main products exported from Portugal to Brazil were Pure Olive Oil ($298M), Aircraft Parts ($125M), and Wine ($72M). During the last 22 years the exports of Portugal to Brazil have increased at an annualized rate of 39.6%, from $206M in 1995 to $1.09B in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Portugal
Top DestinationSpain$20.5B

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 2022, countries that imported more from Brazil than Portugal included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

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

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 2022, Brazil had a large net trade with Portugal in the exports of Mineral Products ($2.78B), Vegetable Products ($762M), and Metals ($292M).

During 2017, Portugal had a large net trade with Brazil in the exports of Animal and Vegetable Bi-Products ($299M), Transportation ($146M), and Foodstuffs ($91.5M).

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.

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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) (2022)

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