2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH
27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC 
$30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH
56%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC
$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH
26.1%CURRENT US$
Rnk 84 / 195

About

Estonia-Portugal Trade: In 2023, Estonia exported $60.3M to Portugal. The main products that Estonia exported to Portugal were Barley ($12.7M), Corn ($9.39M), and Refined Petroleum ($4.01M). Over the past 5 years the exports of Estonia to Portugal have increased at an annualized rate of 8%, from $41M in 2018 to $60.3M in 2023.

In 2020, Estonia exported services to Portugal worth $29.2M, with Other business services ($25.4M), Computer and information services ($1.26M), and Travel ($1.14M) being the largest in terms of value.

Portugal-Estonia Trade: In 2023, Portugal exported $65.3M to Estonia. The main products that Portugal exported to Estonia were Delivery Trucks ($10.1M), Raw Iron Bars ($6.7M), and Hot-Rolled Iron Bars ($6.47M). Over the past 5 years the exports of Portugal to Estonia have increased at an annualized rate of 9.91%,  from $40.7M in 2018 to $65.3M in 2023.

In 2020, Portugal exported services to Estonia worth $4.57M, with Travel ($4.57M) being the largest in terms of value.

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. 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
Value

In 2023, Estonia exported $60.3M to Portugal. The main products exported from Estonia to Portugal were Barley ($12.7M), Corn ($9.39M), and Refined Petroleum ($4.01M). During the last 5 years the exports of Estonia to Portugal have increased at an annualized rate of 8%, from $41M in 2018 to $60.3M in 2023.

In 2018, Portugal exported $65.3M to Estonia. The main products exported from Portugal to Estonia were Delivery Trucks ($10.1M), Raw Iron Bars ($6.7M), and Hot-Rolled Iron Bars ($6.47M). During the last 5 years the exports of Portugal to Estonia have increased at an annualized rate of 9.91%, from $40.7M in 2023 to $65.3M in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Portugal (Flag)

Estonia Exports

Portugal Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Portugal
Top Destination
Spain$17.7B

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

In 2023, countries that imported more from Estonia than Portugal included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

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

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

Comparative Advantage Estonia - Portugal

Flow
Scale

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

During 2023, Estonia had a large net trade with Portugal in the exports of Vegetable Products ($24M), Machines ($7.11M), and Wood Products ($6.07M).

During 2018, Portugal had a large net trade with Estonia in the exports of Metals ($20M), Transportation ($11.3M), and Machines ($8.86M).

Bilateral Service Trade

In 2020, Estonia exported services to Portugal worth $29.2M, with Other business services ($25.4M), Computer and information services ($1.26M), and Travel ($1.14M) being the largest in terms of value.

In 2020, Portugal exported services to Estonia worth $4.57M, with Travel ($4.57M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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