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2022
Flag → Flag
Exports $480MRnk 26 / 208
2022
Flag → Flag
Top Product $79MCars
2022
Flag → Flag
Exports $585MRnk 41 / 217
2022
Flag → Flag
Top Product $18.1MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 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$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Portugal-Austria Trade: In 2022, Portugal exported $480M to Austria. The main products that Portugal exported to Austria were Cars ($79M), Electrical Lighting and Signalling Equipment ($43.7M), and Other Aluminium Products ($29.1M). Over the past 5 years the exports of Portugal to Austria have increased at an annualized rate of 0.38%, from $471M in 2017 to $480M in 2022.

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 2022, Austria exported $585M to Portugal. The main products that Austria exported to Portugal were Vaccines, blood, antisera, toxins and cultures ($18.1M), Motorcycles and cycles ($17.8M), and Ethylene Polymers ($17.8M). Over the past 5 years the exports of Austria to Portugal have increased at an annualized rate of 4.89%,  from $461M in 2017 to $585M in 2022.

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 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €30.4M and imported €35.4M from Austria, resulting in a negative trade balance of €4.94M. Between August 2023 and August 2024 the exports of Portugal have increased by €2.92M (10.6%) from €27.5M to €30.4M, while imports decreased by €-2.12M (-5.64%) from €37.5M to €35.4M.

Trade In August 2024, the top exports of Portugal to Austria were Electrical machinery and electronics (€5.94M), Cars, tractors, trucks & parts thereof. (€5.52M), Cork & cork articles (€5.37M), Footwear (€3.6M), and Knitted clothing accesories (€2.94M). In August 2024 the top imports of Portugal from Austria were Machinery, mechanical appliances, & parts (€5.48M), Plastics & articles thereof (€5.37M), Electrical machinery and electronics (€5.02M), Cars, tractors, trucks & parts thereof. (€3.69M), and Paper articles (€2.59M).

Growth In August 2024, the increase in Portugal's year-by-year exports to Austria was explained primarily by an increase in product exports in Cork & cork articles (€4.45M or 483%), Footwear (€1.8M or 99.9%), and Machinery, mechanical appliances, & parts (€1.37M or 232%). In August 2024, the decrease in Portugal's year-by-year imports  from Austria was explained primarily by an decrease in product imports  in Iron & steel (€-1.63M or -59%), Chemical products n.e.s. (€-1.1M or -59.4%), and Glass & glassware (€-1.03M or -40.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€2.92M(10.6%)
IMPORT GROWTH (August 2023 - August 2024)€-2.12M(-5.64%)

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 2022, Portugal exported $480M to Austria. The main products exported from Portugal to Austria were Cars ($79M), Electrical Lighting and Signalling Equipment ($43.7M), and Other Aluminium Products ($29.1M). During the last 5 years the exports of Portugal to Austria have increased at an annualized rate of 0.38%, from $471M in 2017 to $480M in 2022.

In 2017, Austria exported $585M to Portugal. The main products exported from Austria to Portugal were Vaccines, blood, antisera, toxins and cultures ($18.1M), Motorcycles and cycles ($17.8M), and Ethylene Polymers ($17.8M). During the last 5 years the exports of Austria to Portugal have increased at an annualized rate of 4.89%, from $461M in 2022 to $585M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Austria
Top DestinationGermany$57.7B

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 2022, countries that imported more from Portugal than Austria included Spain ($20.5B), Angola ($1.59B), and France ($9.49B).

In 2022, countries that imported more from Austria than Portugal included Germany ($57.7B), Switzerland ($11.2B), and Italy ($13.6B).

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

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 2022, Portugal had a large net trade with Austria in the exports of Transportation ($114M), Machines ($88.2M), and Metals ($52.7M).

During 2017, Austria had a large net trade with Portugal in the exports of Machines ($133M), Chemical Products ($76.2M), and Metals ($72.7M).

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) (2022)

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