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2023
Flag → Flag
Exports $331MRnk 56 / 215
2023
Flag → Flag
Top Product $101MPlanes, Helicopters, and/or Spacecraft
2023
Flag → Flag
Exports $2.39BRnk 8 / 211
2023
Flag → Flag
Top Product $1.75BUnpackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Canada-Portugal Trade: In 2023, Canada exported $331M to Portugal. The main products that Canada exported to Portugal were Planes, Helicopters, and/or Spacecraft ($101M), Corn ($53.4M), and Wheat ($35.2M). Over the past 5 years the exports of Canada to Portugal have decreased at an annualized rate of 0.031%, from $331M in 2018 to $331M in 2023.

In 2020, Canada exported services to Portugal worth $55.9M, with Transportation ($20.1M), Computer and information services ($18.6M), and Travel ($11.2M) being the largest in terms of value.

Portugal-Canada Trade: In 2023, Portugal exported $2.39B to Canada. The main products that Portugal exported to Canada were Unpackaged Medicaments ($1.75B), Wine ($51.2M), and Leather Footwear ($36.1M). Over the past 5 years the exports of Portugal to Canada have increased at an annualized rate of 35.2%,  from $529M in 2018 to $2.39B in 2023.

In 2020, Portugal exported services to Canada worth $97.1M, with Travel ($97.1M) being the largest in terms of value.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$100M and imported C$49.5M from Portugal, resulting in a positive trade balance of C$50.8M. Between November 2023 and November 2024 the exports of Canada have increased by C$78.3M (355%) from C$22.1M to C$100M, while imports decreased by C$-182M (-78.6%) from C$231M to C$49.5M.

Trade In November 2024, the top exports of Canada to Portugal were Planes, Helicopters, and/or Spacecraft (C$66.5M), Chlorates and Perchlorates (C$1.61M), Dried Legumes (C$527k), Electric Furnaces (C$499k), and Newsprint (C$469k). In November 2024 the top imports of Canada from Portugal were Leather Footwear (C$5.68M), Rubber Tires (C$4.68M), Wine (C$4.32M), Knit T-shirts (C$4.29M), and Knit Sweaters (C$3.24M).

Origins In November 2024 the exports of Canada were mainly from Quebec (C$78.2M), Ontario (C$10.6M), Saskatchewan (C$4.29M), Alberta (C$2.38M), and British Columbia (C$1.82M), while imports destinations were mainly Ontario (C$22.8M), Quebec (C$17.9M), British Columbia (C$4.22M), Alberta (C$2.53M), and Nova Scotia (C$1.38M).

Growth In November 2024, the increase in Canada's year-by-year exports to Portugal was explained primarily by an increase in product exports in Newsprint (C$311k or 197%), Chlorates and Perchlorates (C$278k or 20.8%), and Lifting Machinery (C$277k or 49.4k%). In November 2024, the decrease in Canada's year-by-year imports  from Portugal was explained primarily by an decrease in product imports  in House Linens (C$-1.99M or -65%), Wine (C$-1.25M or -22.4%), and Other Small Iron Pipes (C$-701k or -93.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$78.3M(355%)
IMPORT GROWTH (November 2023 - November 2024)C$-182M(-78.6%)
MAIN EXPORTER (November 2024)QuebecC$78.2M

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

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

For full datasets download visit Bulk Download page.

Explore Portugal and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $331M to Portugal. The main products exported from Canada to Portugal were Planes, Helicopters, and/or Spacecraft ($101M), Corn ($53.4M), and Wheat ($35.2M). During the last 5 years the exports of Canada to Portugal have decreased at an annualized rate of 0.031%, from $331M in 2018 to $331M in 2023.

In 2018, Portugal exported $2.39B to Canada. The main products exported from Portugal to Canada were Unpackaged Medicaments ($1.75B), Wine ($51.2M), and Leather Footwear ($36.1M). During the last 5 years the exports of Portugal to Canada have increased at an annualized rate of 35.2%, from $529M in 2023 to $2.39B in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Canada than Portugal included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

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

Comparative Advantage Canada - Portugal

Flow
Scale

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

During 2023, Canada had a large net trade with Portugal in the exports of Vegetable Products ($131M), Transportation ($109M), and Chemical Products ($21.3M).

During 2018, Portugal had a large net trade with Canada in the exports of Chemical Products ($1.78B), Textiles ($196M), and Foodstuffs ($67.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Portugal+$89.7MCrude Petroleum
Top Product Potential Portugal Canada+$49.2MRefined 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, Canada exported services to Portugal worth $55.9M, with Transportation ($20.1M), Computer and information services ($18.6M), and Travel ($11.2M) being the largest in terms of value.

In 2020, Portugal exported services to Canada worth $97.1M, with Travel ($97.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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