Czechia (CZE) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Czechia-Portugal Trade: In 2023, Czechia exported $868M to Portugal. The main products that Czechia exported to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($116M), Cars ($106M), and Centrifuges ($68.3M). Over the past 5 years the exports of Czechia to Portugal have increased at an annualized rate of 2.76%, from $757M in 2018 to $868M in 2023.

In 2019, Czechia exported services to Portugal worth $88M, with Transportation ($37.7M), Travel ($26.3M), and Other business services ($12.8M) being the largest in terms of value.

Portugal-Czechia Trade: In 2023, Portugal exported $757M to Czechia. The main products that Portugal exported to Czechia were Packaged Medicaments ($56.1M), Motor vehicles; parts and accessories (8701 to 8705) ($53.4M), and Electrical Capacitors ($46.7M). Over the past 5 years the exports of Portugal to Czechia have increased at an annualized rate of 6.97%, from $541M in 2018 to $757M in 2023.

In 2020, Portugal exported services to Czechia worth $21.7M, with Travel ($21.7M) being the largest in terms of value.

Comparison: In 2023, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Czechia exported $868M to Portugal. The main products exported from Czechia to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($116M), Cars ($106M), and Centrifuges ($68.3M). During the last 5 years the exports of Czechia to Portugal have increased at an annualized rate of 2.76%, from $757M in 2018 to $868M in 2023.

In 2018, Portugal exported $757M to Czechia. The main products exported from Portugal to Czechia were Packaged Medicaments ($56.1M), Motor vehicles; parts and accessories (8701 to 8705) ($53.4M), and Electrical Capacitors ($46.7M). During the last 5 years the exports of Portugal to Czechia have increased at an annualized rate of 6.97%, from $541M in 2023 to $757M in 2018.

Exports from Czechia () to Portugal () (2023)

Exports from Portugal () to Czechia () (2023)

Latest Data

Trade between Czechia () and Portugal ()

Czechia Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Czechia
Top DestinationGermany$64.2B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Czechia than Portugal included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

In 2023, countries that imported more from Portugal than Czechia included Spain ($17.7B), Canada ($2.39B), and Angola ($1.64B).

Difference in imports from Portugal () and Czechia () (2023)

Comparative Advantage Czechia - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Czechia had a large net trade with Portugal in the exports of Machines ($336M), Transportation ($232M), and Plastics and Rubbers ($57.3M).

During 2018, Portugal had a large net trade with Czechia in the exports of Machines ($254M), Transportation ($91.9M), and Plastics and Rubbers ($75.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Czechia Portugal+$64.3MCars

Top Product Potential Portugal Czechia+$35.2MMotor 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

Cze Year

In 2019, Czechia exported services to Portugal worth $88M, with Transportation ($37.7M), Travel ($26.3M), and Other business services ($12.8M) being the largest in terms of value.

In 2020, Portugal exported services to Czechia worth $21.7M, with Travel ($21.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Czechia () to Portugal () (2019)

Services Exports from Portugal () to Czechia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Czechia () to Portugal () (2023)

Exports from Portugal () to Czechia () (2023)

Latest Data

Trade between Czechia () and Portugal ()

Czechia Exports

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Czechia () (2023)

Comparative Advantage Czechia - Portugal

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Czechia () to Portugal () (2019)

Services Exports from Portugal () to Czechia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Czechia () and Portugal () (2023)

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