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2023
Flag → Flag
Exports $400MRnk 30 / 211
2023
Flag → Flag
Top Product $183MCars
2023
Flag → Flag
Exports $54.2MRnk 79 / 211
2023
Flag → Flag
Top Product $28.7MRapeseed
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 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$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Portugal-Australia Trade: In 2023, Portugal exported $400M to Australia. The main products that Portugal exported to Australia were Cars ($183M), Leather Footwear ($12.8M), and Natural Cork Articles ($7.95M). Over the past 5 years the exports of Portugal to Australia have increased at an annualized rate of 8.78%, from $263M in 2018 to $400M in 2023.

In 2020, Portugal exported services to Australia worth $17.1M, with Travel ($17.1M) being the largest in terms of value.

Australia-Portugal Trade: In 2023, Australia exported $54.2M to Portugal. The main products that Australia exported to Portugal were Rapeseed ($28.7M), Rice ($5.71M), and Sheep Hides ($2.35M). Over the past 5 years the exports of Australia to Portugal have increased at an annualized rate of 7%,  from $38.7M in 2018 to $54.2M in 2023.

In 2023, Australia 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, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €13.6M and imported €1.3M from Australia, resulting in a positive trade balance of €12.3M. Between December 2023 and December 2024 the exports of Portugal have decreased by €-12.8M (-48.5%) from €26.5M to €13.6M, while imports decreased by €-3.24M (-71.4%) from €4.54M to €1.3M.

Trade In December 2024, the top exports of Portugal to Australia were Cars, tractors, trucks & parts thereof. (€9.89M), Cork & cork articles (€946k), Rubber & articles thereof (€799k), Preparations of cereals, flour, starch or... (€623k), and Raw hides & skin (non-fur) (€583k). In December 2024 the top imports of Portugal from Australia were Raw hides & skin (non-fur) (€247k), Edible fruits, nuts & fruit peels (€230k), Machinery, mechanical appliances, & parts (€155k), Optical, photo, & film equipment; medical... (€112k), and Electrical machinery and electronics (€61.2k).

Growth In December 2024, the decrease in Portugal's year-by-year exports to Australia was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-5.34M or -35.1%), Preparations of vegetables, fruit, nuts or... (€-725k or -94.7%), and Footwear (€-551k or -50.3%). In December 2024, the decrease in Portugal's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Oils seeds, oleaginous fruits, grains, straw... (€-6.93M or -100%), Raw hides & skin (non-fur) (€-111k or -31%), and Plastics & articles thereof (€-91.5k or -91.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€-12.8M(-48.5%)
IMPORT GROWTH (December 2023 - December 2024)€-3.24M(-71.4%)

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 Australia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Australia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $400M to Australia. The main products exported from Portugal to Australia were Cars ($183M), Leather Footwear ($12.8M), and Natural Cork Articles ($7.95M). During the last 5 years the exports of Portugal to Australia have increased at an annualized rate of 8.78%, from $263M in 2018 to $400M in 2023.

In 2018, Australia exported $54.2M to Portugal. The main products exported from Australia to Portugal were Rapeseed ($28.7M), Rice ($5.71M), and Sheep Hides ($2.35M). During the last 5 years the exports of Australia to Portugal have increased at an annualized rate of 7%, from $38.7M in 2023 to $54.2M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Australia
Top DestinationChina$137B

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

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

In 2023, countries that imported more from Australia than Portugal included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Portugal - Australia

Flow
Scale

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

During 2023, Portugal had a large net trade with Australia in the exports of Transportation ($189M), Textiles ($40.7M), and Machines ($30.6M).

During 2018, Australia had a large net trade with Portugal in the exports of Vegetable Products ($35.7M), Machines ($7M), and Animal Hides ($2.43M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Australia+$44.6MCars
Top Product Potential Australia Portugal+$1.12MRefined 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 Australia. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Portugal.

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

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