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2023
Flag → Flag
Exports $583MRnk 21 / 211
2023
Flag → Flag
Top Product $58.6MCars
2023
Flag → Flag
Exports $644MRnk 41 / 213
2023
Flag → Flag
Top Product $31.9MEthylene Polymers
2023
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
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Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
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GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
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 GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
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GDP GROWTH20%CURRENT US$
Rnk 141 / 195
2023
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GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
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GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
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GDP PC$56,034CURRENT US$
Rnk 18 / 196
2013-2023
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GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 195

About

Portugal-Austria Trade: In 2023, Portugal exported $583M to Austria. The main products that Portugal exported to Austria were Cars ($58.6M), Motor vehicles; parts and accessories (8701 to 8705) ($56.8M), and Leather Footwear ($49.3M). Over the past 5 years the exports of Portugal to Austria have decreased at an annualized rate of 7.12%, from $843M in 2018 to $583M in 2023.

In 2020, Portugal exported services to Austria worth $62.8M, with Travel ($62.8M) being the largest in terms of value.

Austria-Portugal Trade: In 2023, Austria exported $644M to Portugal. The main products that Austria exported to Portugal were Ethylene Polymers ($31.9M), Propylene Polymers ($19.9M), and Interior Decorative Glassware ($19.5M). Over the past 5 years the exports of Austria to Portugal have increased at an annualized rate of 1.15%,  from $529M in 2018 to $644M in 2023.

In 2020, Austria exported services to Portugal worth $104M, with Transportation ($42.3M), Other business services ($28.6M), and Travel ($14.8M) being the largest in terms of value.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €27.1M and imported €43.4M from Austria, resulting in a negative trade balance of €16.3M. Between December 2023 and December 2024 the exports of Portugal have increased by €5.4M (24.9%) from €21.7M to €27.1M, while imports increased by €3.89M (9.85%) from €39.5M to €43.4M.

Trade In December 2024, the top exports of Portugal to Austria were Electrical machinery and electronics (€8.36M), Cars, tractors, trucks & parts thereof. (€5.72M), Machinery, mechanical appliances, & parts (€3.11M), Knitted clothing accesories (€2.69M), and Aluminum articles (€2.3M). In December 2024 the top imports of Portugal from Austria were Plastics & articles thereof (€5.79M), Cars, tractors, trucks & parts thereof. (€3.61M), Pharmaceutical products (€3.51M), Machinery, mechanical appliances, & parts (€3.47M), and Electrical machinery and electronics (€3.03M).

Growth In December 2024, the increase in Portugal's year-by-year exports to Austria was explained primarily by an increase in product exports in Electrical machinery and electronics (€2.42M or 40.7%), Machinery, mechanical appliances, & parts (€1.15M or 58.5%), and Ores, slag and ash (€746k or 201%). In December 2024, the increase in Portugal's year-by-year imports  from Austria was explained primarily by an increase in product imports  in Pharmaceutical products (€2.18M or 165%), Miscellaneous metal products (€835k or 131%), and Paints, dyes, & varnishes (€583k or 78.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€5.4M(24.9%)
IMPORT GROWTH (December 2023 - December 2024)€3.89M(9.85%)

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 Austria and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Austria and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $583M to Austria. The main products exported from Portugal to Austria were Cars ($58.6M), Motor vehicles; parts and accessories (8701 to 8705) ($56.8M), and Leather Footwear ($49.3M). During the last 5 years the exports of Portugal to Austria have decreased at an annualized rate of 7.12%, from $843M in 2018 to $583M in 2023.

In 2018, Austria exported $644M to Portugal. The main products exported from Austria to Portugal were Ethylene Polymers ($31.9M), Propylene Polymers ($19.9M), and Interior Decorative Glassware ($19.5M). During the last 5 years the exports of Austria to Portugal have increased at an annualized rate of 1.15%, from $529M in 2023 to $644M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Portugal than Austria included Spain ($17.7B), France ($9.19B), and Angola ($1.64B).

In 2023, countries that imported more from Austria than Portugal included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

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

Comparative Advantage Portugal - Austria

Flow
Scale

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

During 2023, Portugal had a large net trade with Austria in the exports of Transportation ($140M), Machines ($131M), and Textiles ($76.1M).

During 2018, Austria had a large net trade with Portugal in the exports of Machines ($165M), Chemical Products ($86.5M), and Plastics and Rubbers ($83.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Austria+$41MCars
Top Product Potential Austria Portugal+$20.5MCars

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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Bilateral Service Trade

In 2020, Portugal exported services to Austria worth $62.8M, with Travel ($62.8M) being the largest in terms of value.

In 2020, Austria exported services to Portugal worth $104M, with Transportation ($42.3M), Other business services ($28.6M), and Travel ($14.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Austria (Flag) (2020)

Services Exports from Austria (Flag) to Portugal (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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