Iran (IRN) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Iran-Portugal Trade: In 2023, Iran exported $380k to Portugal. The main products that Iran exported to Portugal were Styrene Polymers ($202k), Packing Bags ($45.6k), and Processed Fish ($32.4k). Over the past 5 years the exports of Iran to Portugal have decreased at an annualized rate of 41%, from $5.29M in 2018 to $380k in 2023.

In 2023, Iran did not export any services to Portugal.

Portugal-Iran Trade: In 2023, Portugal exported $2.97M to Iran. The main products that Portugal exported to Iran were Packaged Medicaments ($581k), Cutting Blades ($331k), and Kaolin ($274k). Over the past 5 years the exports of Portugal to Iran have decreased at an annualized rate of 38.6%, from $33.9M in 2018 to $2.97M in 2023.

In 2023, Portugal did not export any services to Iran.

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). 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, Iran exported $380k to Portugal. The main products exported from Iran to Portugal were Styrene Polymers ($202k), Packing Bags ($45.6k), and Processed Fish ($32.4k). During the last 5 years the exports of Iran to Portugal have decreased at an annualized rate of 41%, from $5.29M in 2018 to $380k in 2023.

In 2018, Portugal exported $2.97M to Iran. The main products exported from Portugal to Iran were Packaged Medicaments ($581k), Cutting Blades ($331k), and Kaolin ($274k). During the last 5 years the exports of Portugal to Iran have decreased at an annualized rate of 38.6%, from $33.9M in 2023 to $2.97M in 2018.

Exports from Iran () to Portugal () (2023)

Exports from Portugal () to Iran () (2023)

Latest Data

Trade between Iran () and Portugal ()

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Iran than Portugal included China ($4.59B), Pakistan ($943M), and India ($1.02B).

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

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

Comparative Advantage Iran - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Portugal in the exports of Plastics and Rubbers ($232k), Textiles ($60.9k), and Foodstuffs ($33.3k).

During 2018, Portugal had a large net trade with Iran in the exports of Machines ($923k), Chemical Products ($828k), and Metals ($357k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Portugal+$174kSpices

Top Product Potential Portugal Iran+$492kPackaged Medicaments

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Portugal () (2023)

Exports from Portugal () to Iran () (2023)

Latest Data

Trade between Iran () and Portugal ()

Portugal Exports

Market Competitiveness

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

Comparative Advantage Iran - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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