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2022
Flag → Flag
Exports $1.2BRnk 56 / 217
2022
Flag → Flag
Top Product $156MNon-Retail Pure Cotton Yarn
2022
Flag → Flag
Exports $194MRnk 42 / 208
2022
Flag → Flag
Top Product $12.8MRecovered Paper
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

India-Portugal Trade: In 2022, India exported $1.2B to Portugal. The main products that India exported to Portugal were Non-Retail Pure Cotton Yarn ($156M), Refined Petroleum ($98.7M), and Coated Flat-Rolled Iron ($94.5M). Over the past 5 years the exports of India to Portugal have increased at an annualized rate of 8.45%, from $798M in 2017 to $1.2B in 2022.

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

Portugal-India Trade: In 2022, Portugal exported $194M to India. The main products that Portugal exported to India were Recovered Paper ($12.8M), Scrap Vessels ($12.7M), and Marble, Travertine and Alabaster ($11.6M). Over the past 5 years the exports of Portugal to India have increased at an annualized rate of 4.02%,  from $159M in 2017 to $194M in 2022.

In 2020, Portugal exported services to India worth $12.6M, with Travel ($12.6M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $71.5M and imported $16.5M from Portugal, resulting in a positive trade balance of $55M. Between August 2023 and August 2024 the exports of India have decreased by $-3.36M (-4.49%) from $74.9M to $71.5M, while imports increased by $2.45M (17.4%) from $14.1M to $16.5M.

Trade In August 2024, the top exports of India to Portugal were Petroleum Products ($61.3M), Cotton Yarn ($9.84M), Iron And Steel ($7.76M), Marine Products ($3.75M), and Manmade Yarn,Fabrics,Madeups ($3.18M). In August 2024 the top imports of India from Portugal were Paper, Paper Board And Product ($2.52M), Iron And Steel ($1.12M), Bulk Drugs, Drug Intermediates ($1.08M), Residul Chemicl And Alled Prod ($936k), and Other Misc. Engineering Items ($713k).

Growth In August 2024, the decrease in India's year-by-year exports to Portugal was explained primarily by an decrease in product exports in Cotton Yarn ($-16.5M or -62.7%), Organic Chemicals ($-8.4M or -86.9%), and Plastic Raw Materials ($-3.97M or -71%). In August 2024, the increase in India's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Paper, Paper Board And Product ($1.79M or 246%), Bulk Drugs, Drug Intermediates ($682k or 172%), and Other Misc. Engineering Items ($590k or 479%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-3.36M(-4.49%)
IMPORT GROWTH (August 2023 - August 2024)$2.45M(17.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Portugal and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $1.2B to Portugal. The main products exported from India to Portugal were Non-Retail Pure Cotton Yarn ($156M), Refined Petroleum ($98.7M), and Coated Flat-Rolled Iron ($94.5M). During the last 5 years the exports of India to Portugal have increased at an annualized rate of 8.45%, from $798M in 2017 to $1.2B in 2022.

In 2017, Portugal exported $194M to India. The main products exported from Portugal to India were Recovered Paper ($12.8M), Scrap Vessels ($12.7M), and Marble, Travertine and Alabaster ($11.6M). During the last 5 years the exports of Portugal to India have increased at an annualized rate of 4.02%, from $159M in 2022 to $194M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from India than Portugal included United States ($82.9B), United Arab Emirates ($31.6B), and China ($15.3B).

In 2022, countries that imported more from Portugal than India included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

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

Comparative Advantage India - Portugal

Flow
Scale

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

During 2022, India had a large net trade with Portugal in the exports of Textiles ($325M), Chemical Products ($196M), and Metals ($175M).

During 2017, Portugal had a large net trade with India in the exports of Machines ($38.6M), Metals ($31.7M), and Paper Goods ($24.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Portugal+$133MRefined Petroleum
Top Product Potential Portugal India+$11MEthylene Polymers

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 India worth $12.6M, with Travel ($12.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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