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2023
Flag → Flag
Exports $114MRnk 51 / 211
2023
Flag → Flag
Top Product $11.3MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $128MRnk 57 / 168
2023
Flag → Flag
Top Product $21.7MDried Legumes
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 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$14,187CURRENT US$
Rnk 73 / 196
2013-2023
Flag
GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195

About

Portugal-Argentina Trade: In 2023, Portugal exported $114M to Argentina. The main products that Portugal exported to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($11.3M), Natural Cork Articles ($9.77M), and Agglomerated Cork ($9.58M). Over the past 5 years the exports of Portugal to Argentina have decreased at an annualized rate of 8.85%, from $181M in 2018 to $114M in 2023.

In 2020, Portugal exported services to Argentina worth $5.71M, with Travel ($5.71M) being the largest in terms of value.

Argentina-Portugal Trade: In 2023, Argentina exported $128M to Portugal. The main products that Argentina exported to Portugal were Dried Legumes ($21.7M), Motor vehicles; parts and accessories (8701 to 8705) ($13.9M), and Pure Olive Oil ($13.9M). Over the past 5 years the exports of Argentina to Portugal have increased at an annualized rate of 7.81%,  from $87.6M in 2018 to $128M in 2023.

In 2023, Argentina 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, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €1.96M and imported €30M from Argentina, resulting in a negative trade balance of €28M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-3.08M (-61.1%) from €5.04M to €1.96M, while imports increased by €14.1M (89%) from €15.9M to €30M.

Trade In November 2024, the top exports of Portugal to Argentina were Cork & cork articles (€957k), Machinery, mechanical appliances, & parts (€728k), Plastics & articles thereof (€595k), Cars, tractors, trucks & parts thereof. (€353k), and Iron/Steel Articles (€263k). In November 2024 the top imports of Portugal from Argentina were Tobacco & substitutes (€2.28M), Cars, tractors, trucks & parts thereof. (€2.24M), Edible vegetables, roots, & tubers (€1.16M), Oils seeds, oleaginous fruits, grains, straw... (€742k), and Fish, Crustaceans & Molluscs (€732k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Argentina was explained primarily by an decrease in product exports in Organic chemicals (€-6.1M or -100%), Furniture, bedding, lamps, & prefab buildings (€-536k or -92.9%), and Man-made staple fibres (€-407k or -100%). In November 2024, the increase in Portugal's year-by-year imports  from Argentina was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€1.15M or 106%), Oils seeds, oleaginous fruits, grains, straw... (€256k or 52.7%), and Cereals (€32.9k or 10.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-3.08M(-61.1%)
IMPORT GROWTH (November 2023 - November 2024)€14.1M(89%)

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 Argentina and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Argentina and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $114M to Argentina. The main products exported from Portugal to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($11.3M), Natural Cork Articles ($9.77M), and Agglomerated Cork ($9.58M). During the last 5 years the exports of Portugal to Argentina have decreased at an annualized rate of 8.85%, from $181M in 2018 to $114M in 2023.

In 2018, Argentina exported $128M to Portugal. The main products exported from Argentina to Portugal were Dried Legumes ($21.7M), Motor vehicles; parts and accessories (8701 to 8705) ($13.9M), and Pure Olive Oil ($13.9M). During the last 5 years the exports of Argentina to Portugal have increased at an annualized rate of 7.81%, from $87.6M in 2023 to $128M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Argentina
Top DestinationBrazil$12.1B

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

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

In 2023, countries that imported more from Argentina than Portugal included Brazil ($12.1B), Chile ($5.57B), and China ($5.36B).

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

Comparative Advantage Portugal - Argentina

Flow
Scale

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

During 2023, Portugal had a large net trade with Argentina in the exports of Machines ($37.9M), Wood Products ($19.8M), and Transportation ($14.9M).

During 2018, Argentina had a large net trade with Portugal in the exports of Vegetable Products ($35.9M), Animal Products ($31M), and Animal and Vegetable Bi-Products ($23.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Argentina+$10.6MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Argentina Portugal+$6.23MMotor vehicles; parts and accessories (8701 to 8705)

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 Argentina. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Argentina. Similarly, a dot/product with the flag of Argentina indicates it has a comparative advantage over Portugal.

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

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