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Pricing

2022
Flag → Flag
Exports $8.55MRnk 123 / 208
2022
Flag → Flag
Top Product $6.3MAgglomerated Cork
2022
Flag → Flag
Exports $4.56MRnk 70 / 125
2022
Flag → Flag
Top Product $1.49MKaolin Coated Paper
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.82Rnk 32 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH10.8%CURRENT US$
Rnk 144 / 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$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH13.7%CURRENT US$
Rnk 101 / 186

About

Portugal-Belarus Trade: In 2022, Portugal exported $8.55M to Belarus. The main products that Portugal exported to Belarus were Agglomerated Cork ($6.3M), Wine ($498k), and Natural Cork Articles ($395k). Over the past 5 years the exports of Portugal to Belarus have decreased at an annualized rate of 16.1%, from $20.5M in 2017 to $8.55M in 2022.

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

Belarus-Portugal Trade: In 2022, Belarus exported $4.56M to Portugal. The main products that Belarus exported to Portugal were Kaolin Coated Paper ($1.49M), Iron Wire ($1.4M), and Molasses ($999k). Over the past 5 years the exports of Belarus to Portugal have decreased at an annualized rate of 10.7%,  from $8.03M in 2017 to $4.56M in 2022.

In 2014, Belarus exported services to Portugal worth $3.23M, with Computer and information services ($3.23M), Royalties and license fees ($1.3k), and Government services, n.i.e. ($400) 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, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Latest Trends

September, 2024

About

Overview In September 2024, Portugal exported €4.51M and imported €163k from Belarus, resulting in a positive trade balance of €4.34M. Between September 2023 and September 2024 the exports of Portugal have increased by €3.77M (513%) from €736k to €4.51M, while imports increased by €160k (5.19k%) from €3.08k to €163k.

Trade In September 2024, the top exports of Portugal to Belarus were Cork & cork articles (€1.66M), Beverages, spirits, & vinegar (€23.9k), Preparations of vegetables, fruit, nuts or... (€23.3k), Leather articles (€926), and Precious stones, metals, & pearls (€244). In September 2024 the top imports of Portugal from Belarus were Electrical machinery and electronics (€8.82k), Knitted clothing accesories (€2.64k), Cars, tractors, trucks & parts thereof. (€700), Non-knitted clothing accesories (€436), and Books, newspapers, & other prints (€244).

Growth In September 2024, the increase in Portugal's year-by-year exports to Belarus was explained primarily by an increase in product exports in Cork & cork articles (€1.47M or 757%), Leather articles (€450 or 94.5%), and Knitted clothing accesories (€58 or 95.1%). In September 2024, the increase in Portugal's year-by-year imports  from Belarus was explained primarily by an increase in product imports  in Electrical machinery and electronics (€8.01k or 987%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)€3.77M(513%)
IMPORT GROWTH (September 2023 - September 2024)€160k(5.19k%)

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 Belarus and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belarus and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $8.55M to Belarus. The main products exported from Portugal to Belarus were Agglomerated Cork ($6.3M), Wine ($498k), and Natural Cork Articles ($395k). During the last 5 years the exports of Portugal to Belarus have decreased at an annualized rate of 16.1%, from $20.5M in 2017 to $8.55M in 2022.

In 2017, Belarus exported $4.56M to Portugal. The main products exported from Belarus to Portugal were Kaolin Coated Paper ($1.49M), Iron Wire ($1.4M), and Molasses ($999k). During the last 5 years the exports of Belarus to Portugal have decreased at an annualized rate of 10.7%, from $8.03M in 2022 to $4.56M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Belarus
Top DestinationChina$1.6B

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

In 2022, countries that imported more from Portugal than Belarus included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Belarus than Portugal included Ukraine ($1.29B), Kazakhstan ($827M), and China ($1.6B).

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

Comparative Advantage Portugal - Belarus

Flow
Scale

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

During 2022, Portugal had a large net trade with Belarus in the exports of Wood Products ($6.69M), Foodstuffs ($996k), and Machines ($326k).

During 2017, Belarus had a large net trade with Portugal in the exports of Paper Goods ($1.49M), Metals ($1.46M), and Foodstuffs ($1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Belarus+$634kWine
Top Product Potential Belarus Portugal+$392kIron Wire

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

Product Space of Portugal (Flag) and Belarus (Flag) (2022)

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