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2023
Flag → Flag
Exports $1.64BRnk 12 / 211
2023
Flag → Flag
Top Product $77.3MPackaged Medicaments
2023
Flag → Flag
Exports $314MRnk 20 / 157
2023
Flag → Flag
Top Product $251MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.23Rnk 120 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$84.8BCURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP GROWTH-35.9%CURRENT US$
Rnk 193 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$2,308CURRENT US$
Rnk 151 / 196
2013-2023
Flag
GDP PC GROWTH-54.4%CURRENT US$
Rnk 194 / 195

About

Portugal-Angola Trade: In 2023, Portugal exported $1.64B to Angola. The main products that Portugal exported to Angola were Packaged Medicaments ($77.3M), Wine ($51.2M), and Iron Structures ($45.3M). Over the past 5 years the exports of Portugal to Angola have decreased at an annualized rate of 4.47%, from $2.06B in 2018 to $1.64B in 2023.

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

Angola-Portugal In N/A, Angola did not export any products to Portugal.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €90.3M and imported €1.04M from Angola, resulting in a positive trade balance of €89.2M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-4.63M (-4.87%) from €94.9M to €90.3M, while imports decreased by €-3.71M (-78.2%) from €4.75M to €1.04M.

Trade In November 2024, the top exports of Portugal to Angola were Machinery, mechanical appliances, & parts (€24M), Electrical machinery and electronics (€15.1M), Iron/Steel Articles (€8.33M), Optical, photo, & film equipment; medical... (€6.94M), and Pharmaceutical products (€6.37M). In November 2024 the top imports of Portugal from Angola were Mineral fuels, mineral oils and products... (€76.7M), Fish, Crustaceans & Molluscs (€1.77M), Machinery, mechanical appliances, & parts (€1M), Edible fruits, nuts & fruit peels (€961k), and Wood, wood articles, & charcoal (€315k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Angola was explained primarily by an decrease in product exports in Optical, photo, & film equipment; medical... (€-2.18M or -23.9%), Animal or vegetable fats, oils, &... (€-1.65M or -36.3%), and Chemical products n.e.s. (€-1.07M or -47%). In November 2024, the decrease in Portugal's year-by-year imports  from Angola was explained primarily by an decrease in product imports  in Food residues & wastes; animal fodder (€-367k or -85.3%), Wood, wood articles, & charcoal (€-143k or -31.2%), and Coffee, tea, mate & spices (€-85.7k or -70.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-4.63M(-4.87%)
IMPORT GROWTH (November 2023 - November 2024)€-3.71M(-78.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Angola and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $1.64B to Angola. The main products exported from Portugal to Angola were Packaged Medicaments ($77.3M), Wine ($51.2M), and Iron Structures ($45.3M). During the last 5 years the exports of Portugal to Angola have decreased at an annualized rate of 4.47%, from $2.06B in 2018 to $1.64B in 2023.

Angola does not register exports to Portugal. The main products exported from Angola to Portugal were Crude Petroleum ($251M), Bananas ($9.67M), and Special Purpose Ships ($8.3M).

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Angola
Top DestinationChina$17.1B

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

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

In 2023, countries that imported more from Angola than Portugal included China ($17.1B), India ($3.87B), and United Arab Emirates ($2.75B).

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

Comparative Advantage Portugal - Angola

Flow
Scale

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

During 2023, Portugal had a large net trade with Angola in the exports of Machines ($573M), Chemical Products ($190M), and Metals ($158M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Angola+$7.39MRefined Petroleum
Top Product Potential Angola Portugal+$61.6MCrude Petroleum

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

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

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

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