Germany (DEU) and Portugal (PRT) Trade

2022

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Exports $11.9BRnk 30 / 223

2022

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About

Germany-Portugal Trade: In 2022, Germany exported $11.9B to Portugal. The main products that Germany exported to Portugal were Cars ($1.37B), Integrated Circuits ($614M), and Motor vehicles; parts and accessories (8701 to 8705) ($607M). Over the past 5 years the exports of Germany to Portugal have increased at an annualized rate of 3.44%, from $10.1B in 2017 to $11.9B in 2022.

In 2020, Germany exported services to Portugal worth $971M, with Other business services ($498M), Transportation ($162M), and Computer and information services ($154M) being the largest in terms of value.

Portugal-Germany Trade: In 2022, Portugal exported $8.76B to Germany. The main products that Portugal exported to Germany were Cars ($1.09B), Revolution Counters ($716M), and Leather Footwear ($406M). Over the past 5 years the exports of Portugal to Germany have increased at an annualized rate of 4.24%, from $7.12B in 2017 to $8.76B in 2022.

In 2020, Portugal exported services to Germany worth $2.13B, with Travel ($1.01B), Other business services ($503M), and Transportation ($482M) being the largest in terms of value.

Comparison: In 2022, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €933M and imported €664M from Portugal, resulting in a positive trade balance of €269M. Between August 2023 and August 2024 the exports of Germany have increased by €11.7M (1.27%) from €922M to €933M, while imports increased by €71.8M (12.1%) from €592M to €664M.

Trade In August 2024, the top exports of Germany to Portugal were Motor cars and motor caravans (€123M), Chassis, bodies, engines etc. for motor... (€94.4M), Electronic devices (€70.1M), Other chemical final products (€67.5M), and Machinery for electricity production, distribution (€59M). In August 2024 the top imports of Germany from Portugal were Motor cars and motor caravans (€56.3M), Measuring and automatical control instruments (€48.5M), Machinery for electricity production, distribution (€45.8M), Estimations for non-response (€42.4M), and Footwear (€40.7M).

Origins In August 2024 the exports of Germany were mainly from Baden-Württemberg (€130M), North Rhine-Westphalia (€126M), Bavaria (€121M), Lower Saxony (€82.6M), and Saxony (€42.4M), while imports destinations were mainly Baden-Württemberg (€135M), Bavaria (€122M), North Rhine-Westphalia (€96.7M), Lower Saxony (€92.7M), and Hesse (€42.6M).

Growth In August 2024, the increase in Germany's year-by-year exports to Portugal was explained primarily by an increase in product exports in Motor cars and motor caravans (€40.5M or 49.2%), Estimations for non-response (€35.5M or 16.2k%), and Chassis, bodies, engines etc. for motor... (€32.3M or 52%). In August 2024, the increase in Germany's year-by-year imports from Portugal was explained primarily by an increase in product imports in Estimations for non-response (€26.2M or 161%), Motor cars and motor caravans (€17.4M or 44.7%), and Articles of rubber (€5.45M or 28.7%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€11.7M(1.27%)

IMPORT GROWTH (August 2023 - August 2024)€71.8M(12.1%)

MAIN EXPORTER (August 2024)Baden-Württemberg€130M

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

To check Portugal and Germany 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, Germany exported $11.9B to Portugal. The main products exported from Germany to Portugal were Cars ($1.37B), Integrated Circuits ($614M), and Motor vehicles; parts and accessories (8701 to 8705) ($607M). During the last 5 years the exports of Germany to Portugal have increased at an annualized rate of 3.44%, from $10.1B in 2017 to $11.9B in 2022.

In 2017, Portugal exported $8.76B to Germany. The main products exported from Portugal to Germany were Cars ($1.09B), Revolution Counters ($716M), and Leather Footwear ($406M). During the last 5 years the exports of Portugal to Germany have increased at an annualized rate of 4.24%, from $7.12B in 2022 to $8.76B in 2017.

Exports from Germany () to Portugal () (2022)

Exports from Portugal () to Germany () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Germany
Top DestinationUnited States$153B

Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Germany than Portugal included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Portugal than Germany included Angola ($1.59B), Gibraltar ($561M), and Cape Verde ($407M).

Difference in imports from Portugal () and Germany () (2022)

Comparative Advantage Germany - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Germany had a large net trade with Portugal in the exports of Machines ($3.71B), Transportation ($2.55B), and Chemical Products ($1.83B).

During 2017, Portugal had a large net trade with Germany in the exports of Machines ($2.27B), Transportation ($1.67B), and Instruments ($838M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Germany Portugal+$105MCars

Top Product Potential Portugal Germany+$221MCars

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

Deu Year

In 2020, Portugal exported services to Germany worth $2.13B, with Travel ($1.01B), Other business services ($503M), and Transportation ($482M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Germany () and Portugal () (2022)

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