2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

China-Portugal Trade: In 2022, China exported $6.11B to Portugal. The main products that China exported to Portugal were Semiconductor Devices ($1.03B), Broadcasting Equipment ($216M), and Bi-Wheel Vehicle Parts ($203M). Over the past 5 years the exports of China to Portugal have increased at an annualized rate of 13.8%, from $3.2B in 2017 to $6.11B in 2022.

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

Portugal-China Trade: In 2022, Portugal exported $879M to China. The main products that Portugal exported to China were Scrap Copper ($117M), Dissolving Grades Chemical Woodpulp ($75.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($50.6M). Over the past 5 years the exports of Portugal to China have decreased at an annualized rate of 3.6%,  from $1.06B in 2017 to $879M in 2022.

In 2020, Portugal exported services to China worth $89.1M, with Travel ($66.2M) and Transportation ($22.8M) being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). 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, China exported $6.11B to Portugal. The main products exported from China to Portugal were Semiconductor Devices ($1.03B), Broadcasting Equipment ($216M), and Bi-Wheel Vehicle Parts ($203M). During the last 5 years the exports of China to Portugal have increased at an annualized rate of 13.8%, from $3.2B in 2017 to $6.11B in 2022.

In 2017, Portugal exported $879M to China. The main products exported from Portugal to China were Scrap Copper ($117M), Dissolving Grades Chemical Woodpulp ($75.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($50.6M). During the last 5 years the exports of Portugal to China have decreased at an annualized rate of 3.6%, from $1.06B in 2022 to $879M in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
United States$551B
Portugal
Top Destination
Spain$20.5B

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

In 2022, countries that imported more from China than Portugal included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Portugal than China included Gibraltar ($561M), Cape Verde ($407M), and Guinea-Bissau ($137M).

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

Comparative Advantage China - Portugal

Flow
Scale

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

During 2022, China had a large net trade with Portugal in the exports of Machines ($2.84B), Textiles ($512M), and Metals ($461M).

During 2017, Portugal had a large net trade with China in the exports of Machines ($226M), Metals ($135M), and Textiles ($81.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Portugal+$174MTelephones
Top Product Potential Portugal China+$114MMotor 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 China worth $89.1M, with Travel ($66.2M) and Transportation ($22.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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