Portugal (PRT) and Benin (BEN) Trade | The Observatory of Economic Complexity

About

Portugal-Benin In 2022, Portugal exported $11.6M to Benin. The main products that Portugal exported to Benin are Poultry Meat ($3.12M), Iron Structures ($1.65M), and Aluminium Bars ($800k). During the last 27 years the exports of Portugal to Benin have increased at an annualized rate of 10.6%, from $775k in 1995 to $11.6M in 2022.

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

Benin-Portugal In 2022, Benin exported $6.43M to Portugal. The main products that Benin exported to Portugal were Traffic Signals ($3.66M), Raw Cotton ($2.61M), and Fuel Wood ($65.6k). During the last 27 years the exports of Benin to Portugal have decreased at an annualized rate of 5.45%, from $29.2M in 1995 to $6.43M in 2022.

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

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Benin ranked 149 in total exports ($1.67B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €465k and imported €353 from Benin, resulting in a positive trade balance of €465k. Between January 2023 and January 2024 the exports of Portugal have decreased by €-629k (-57.5%) from €1.09M to €465k, while imports decreased by €-27.7k (-98.7%) from €28.1k to €353.

Trade In January 2024, the top exports of Portugal to Benin were Iron or steel articles (€626k), Meat & edible offal (€339k), Glues, starches, & albuminoid products (€69.6k), Machinery, mechanical appliances, & parts (€34k), and Ceramic products (€14k). In January 2024 the top imports of Portugal from Benin were Wood, wood articles, & charcoal (€28k), Non-knitted clothing accesories (€57), Live trees, plants, bulbs, cut flowers,... (€49), Soap, cleaners, candles, dental, modelling pastes (€28), and Live animals (€0).

Growth In January 2024, the decrease in Portugal's year-by-year exports to Benin was explained primarily by an decrease in product exports in Aluminum articles (€-246k or -100%), Ceramic products (€-74k or -84.1%), and Furniture, bedding, lamps, & prefab buildings (€-66.3k or -100%). In January 2024, the decrease in Portugal's year-by-year imports from Benin was explained primarily by an decrease in product imports in Electrical machinery and electronics (€-3.47M or -100%) and Coffee, tea, mate & spices (€-71 or -100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-629k(-57.5%)

IMPORT GROWTH (January 2023 - January 2024)€-27.7k(-98.7%)

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 Benin and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $11.6M to Benin. The main products exported from Portugal to Benin were Poultry Meat ($3.12M), Iron Structures ($1.65M), and Aluminium Bars ($800k). During the last 27 years the exports of Portugal to Benin have increased at an annualized rate of 10.6%, from $775k in 1995 to $11.6M in 2022.

In 2022, Benin exported $6.43M to Portugal. The main products exported from Benin to Portugal were Traffic Signals ($3.66M), Raw Cotton ($2.61M), and Fuel Wood ($65.6k). During the last 27 years the exports of Benin to Portugal have decreased at an annualized rate of 5.45%, from $29.2M in 1995 to $6.43M in 2022.

Exports from Portugal () to Benin () (2022)

Exports from Benin () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Benin
Top DestinationIndia$448M

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

In 2021, countries that imported more from Portugal than Benin were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Benin than Portugal were Bangladesh ($406M), India ($448M), and United Arab Emirates ($382M).

Difference in imports from Benin () and Portugal () (2022)

Comparative Advantage Portugal - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Benin in the exports of Animal Products ($3.4M), Metals ($3.13M), and Machines ($1.85M).

During 2022, Benin had a large net trade with Portugal in the exports of Machines ($3.66M), Textiles ($2.66M), and Wood Products ($65.6k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Benin. Similarly, the more yellow a dot/product is, the more Benin has comparative advantage over Portugal.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Benin () (2022)

Exports from Benin () to Portugal () (2022)

Market Competitiveness

Difference in imports from Benin () and Portugal () (2022)

Comparative Advantage Portugal - Benin

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Benin () (2022)

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