China (CHN) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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China (CHN) and Portugal (PRT) Trade

2022

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Exports $6.11BRnk 70 / 211

2022

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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).

Latest Trends

October, 2024

About

Overview In October 2024, China exported $479M and imported $250M from Portugal, resulting in a positive trade balance of $229M. Between October 2023 and October 2024 the exports of China have increased by $11.2M (2.4%) from $467M to $479M, while imports increased by $12.3M (5.19%) from $238M to $250M.

Trade In October 2024, the top exports of China to Portugal were Semiconductor Devices ($45.7M), Bi-Wheel Vehicle Parts ($17.5M), Commodities not elsewhere specified ($13.9M), Refined Petroleum ($13.5M), and Telephones ($12.1M). In October 2024 the top imports of China from Portugal were Motor vehicles; parts and accessories (8701... ($58.7M), Integrated Circuits ($17.6M), Zinc Ore ($14.6M), Navigation Equipment ($11.3M), and Electrical Control Boards ($11.2M).

Origins In October 2024 the exports of China were mainly from Zhejiang Province ($142M), Guangdong Province ($101M), Jiangsu Province ($92.8M), Shandong Province ($35.1M), and Shanghai Province ($22.9M), while imports destinations were mainly Jilin Province ($65.2M), Beijing ($55.2M), Shanghai Province ($37.9M), Liaoning Province ($25.9M), and Jiangsu Province ($16.2M).

Growth In October 2024, the increase in China's year-by-year exports to Portugal was explained primarily by an increase in product exports in Centrifuges ($7.59M or 803%), Coated Flat-Rolled Iron ($7.58M or 636%), and Semiconductor Devices ($7.08M or 18.3%). In October 2024, the increase in China's year-by-year imports from Portugal was explained primarily by an increase in product imports in Navigation Equipment ($10.9M or 2.33k%), Dissolving Grades Chemical Woodpulp ($3.18M or 80.9%), and Integrated Circuits ($3.07M or 21.1%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (October 2023 - October 2024)$11.2M(2.4%)

IMPORT GROWTH (October 2023 - October 2024)$12.3M(5.19%)

MAIN EXPORTER (October 2024)Zhejiang Province$142M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Portugal () (2022)

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

China
Top DestinationUnited States$551B

Portugal
Top DestinationSpain$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 () and China () (2022)

Comparative Advantage China - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Prt Year

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 () to China () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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 () and Portugal () (2022)

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