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2023
Flag → Flag
Exports $15.8MRnk 109 / 211
2023
Flag → Flag
Top Product $2.95MAgglomerated Cork
2023
Flag → Flag
Exports $263kRnk 76 / 133
2023
Flag → Flag
Top Product $150kInedible Fats and Oils
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 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$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

Portugal-Armenia Trade: In 2023, Portugal exported $15.8M to Armenia. The main products that Portugal exported to Armenia were Agglomerated Cork ($2.95M), Leather Footwear ($871k), and Valves ($865k). Over the past 5 years the exports of Portugal to Armenia have increased at an annualized rate of 15.1%, from $7.81M in 2018 to $15.8M in 2023.

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

Armenia-Portugal Trade: In 2023, Armenia exported $263k to Portugal. The main products that Armenia exported to Portugal were Inedible Fats and Oils ($150k), Computers ($47.9k), and Other Leather Articles ($15.1k). Over the past 5 years the exports of Armenia to Portugal have decreased at an annualized rate of 10.9%,  from $470k in 2018 to $263k in 2023.

In 2023, Armenia 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, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €546k and imported €26.8k from Armenia, resulting in a positive trade balance of €520k. Between December 2023 and December 2024 the exports of Portugal have increased by €98.3k (21.9%) from €448k to €546k, while imports increased by €18.3k (215%) from €8.49k to €26.8k.

Trade In December 2024, the top exports of Portugal to Armenia were Cars, tractors, trucks & parts thereof. (€295k), Plastics & articles thereof (€129k), Cork & cork articles (€92k), Food residues & wastes; animal fodder (€36.8k), and Pharmaceutical products (€22.3k). In December 2024 the top imports of Portugal from Armenia were Animal or vegetable fats, oils, &... (€18.9k), Leather articles (€8.99k), Non-knitted clothing accesories (€1.21k), Knitted clothing accesories (€286), and Electrical machinery and electronics (€81).

Growth In December 2024, the increase in Portugal's year-by-year exports to Armenia was explained primarily by an increase in product exports in Plastics & articles thereof (€115k or 830%), Cork & cork articles (€77.8k or 547%), and Footwear (€4.06k or 242%). In December 2024, the increase in Portugal's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€98.3k(21.9%)
IMPORT GROWTH (December 2023 - December 2024)€18.3k(215%)

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 Armenia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $15.8M to Armenia. The main products exported from Portugal to Armenia were Agglomerated Cork ($2.95M), Leather Footwear ($871k), and Valves ($865k). During the last 5 years the exports of Portugal to Armenia have increased at an annualized rate of 15.1%, from $7.81M in 2018 to $15.8M in 2023.

In 2018, Armenia exported $263k to Portugal. The main products exported from Armenia to Portugal were Inedible Fats and Oils ($150k), Computers ($47.9k), and Other Leather Articles ($15.1k). During the last 5 years the exports of Armenia to Portugal have decreased at an annualized rate of 10.9%, from $470k in 2023 to $263k in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Armenia
Top DestinationRussia$3.38B

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

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

In 2023, countries that imported more from Armenia than Portugal included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

Comparative Advantage Portugal - Armenia

Flow
Scale

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

During 2023, Portugal had a large net trade with Armenia in the exports of Textiles ($3.35M), Machines ($3.33M), and Wood Products ($3.28M).

During 2018, Armenia had a large net trade with Portugal in the exports of Animal and Vegetable Bi-Products ($150k), Machines ($59.5k), and Animal Hides ($16.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Armenia+$463kPackaged Medicaments
Top Product Potential Armenia Portugal+$133kAluminium Foil

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

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

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