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2022
Flag → Flag
Exports $196MRnk 40 / 208
2022
Flag → Flag
Top Product $98.5MPolycarboxylic Acids
2022
Flag → Flag
Exports $184MRnk 60 / 168
2022
Flag → Flag
Top Product $49.4MSoybean Meal
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186

About

Portugal-Argentina Trade: In 2022, Portugal exported $196M to Argentina. The main products that Portugal exported to Argentina were Polycarboxylic Acids ($98.5M), Motor vehicles; parts and accessories (8701 to 8705) ($9.68M), and Refined Petroleum ($9.09M). Over the past 5 years the exports of Portugal to Argentina have increased at an annualized rate of 8.74%, from $129M in 2017 to $196M in 2022.

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 2022, Argentina exported $184M to Portugal. The main products that Argentina exported to Portugal were Soybean Meal ($49.4M), Sunflower Seeds ($39.2M), and Dried Legumes ($16.5M). Over the past 5 years the exports of Argentina to Portugal have increased at an annualized rate of 10.7%,  from $99.9M in 2017 to $184M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €2.4M and imported €6.94M from Argentina, resulting in a negative trade balance of €4.54M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-1.09M (-31.3%) from €3.5M to €2.4M, while imports decreased by €-2.19M (-24%) from €9.14M to €6.94M.

Trade In August 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 or steel articles (€263k). In August 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 August 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 August 2024, the decrease in Portugal's year-by-year imports  from Argentina was explained primarily by an decrease in product imports  in Natural gums, resins & other vegetable... (€-1.17M or -100%), Edible vegetables, roots, & tubers (€-893k or -43.4%), and Chemical products n.e.s. (€-785k or -74.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-1.09M(-31.3%)
IMPORT GROWTH (August 2023 - August 2024)€-2.19M(-24%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $196M to Argentina. The main products exported from Portugal to Argentina were Polycarboxylic Acids ($98.5M), Motor vehicles; parts and accessories (8701 to 8705) ($9.68M), and Refined Petroleum ($9.09M). During the last 5 years the exports of Portugal to Argentina have increased at an annualized rate of 8.74%, from $129M in 2017 to $196M in 2022.

In 2017, Argentina exported $184M to Portugal. The main products exported from Argentina to Portugal were Soybean Meal ($49.4M), Sunflower Seeds ($39.2M), and Dried Legumes ($16.5M). During the last 5 years the exports of Argentina to Portugal have increased at an annualized rate of 10.7%, from $99.9M in 2022 to $184M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Argentina
Top DestinationBrazil$12.6B

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 2022, countries that imported more from Portugal than Argentina included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Argentina than Portugal included Brazil ($12.6B), China ($8B), and Chile ($5.11B).

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

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 2022, Portugal had a large net trade with Argentina in the exports of Chemical Products ($101M), Machines ($17.9M), and Wood Products ($14.8M).

During 2017, Argentina had a large net trade with Portugal in the exports of Vegetable Products ($70M), Foodstuffs ($58.1M), and Animal Products ($19.4M).

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) (2022)

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