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2023
Flag → Flag
Exports $1.11BRnk 16 / 211
2023
Flag → Flag
Top Product $356MPure Olive Oil
2023
Flag → Flag
Exports $3.95BRnk 20 / 221
2023
Flag → Flag
Top Product $2.47BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 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$10,295CURRENT US$
Rnk 89 / 196
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

Portugal-Brazil Trade: In 2023, Portugal exported $1.11B to Brazil. The main products that Portugal exported to Brazil were Pure Olive Oil ($356M), Aircraft parts (gliders, balloons, and powered aircraft) ($172M), and Non-fillet Frozen Fish ($73.9M). Over the past 5 years the exports of Portugal to Brazil have increased at an annualized rate of 1.88%, from $1.01B in 2018 to $1.11B in 2023.

In 2020, Portugal exported services to Brazil worth $580M, with Transportation ($287M), Travel ($241M), and Other business services ($34.3M) being the largest in terms of value.

Brazil-Portugal Trade: In 2023, Brazil exported $3.95B to Portugal. The main products that Brazil exported to Portugal were Crude Petroleum ($2.47B), Soybeans ($316M), and Raw Sugar ($173M). Over the past 5 years the exports of Brazil to Portugal have increased at an annualized rate of 20.2%,  from $1.57B in 2018 to $3.95B in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €95M and imported €124M from Brazil, resulting in a negative trade balance of €28.8M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-22.4M (-19%) from €117M to €95M, while imports increased by €77.2M (166%) from €46.6M to €124M.

Trade In November 2024, the top exports of Portugal to Brazil were Animal or vegetable fats, oils, &... (€47.8M), Fish, Crustaceans & Molluscs (€12.9M), Aircraft and Spacecraft (€9.07M), Electrical machinery and electronics (€7.58M), and Beverages, spirits, & vinegar (€4.59M). In November 2024 the top imports of Portugal from Brazil were Mineral fuels, mineral oils and products... (€238M), Iron & steel (€18.5M), Cereals (€13.5M), Wood, wood articles, & charcoal (€12.7M), and Sugars & confectioneries (€9.72M).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Brazil was explained primarily by an decrease in product exports in Ceramic products (€-605k or -81.1%), Miscellaneous edible preparations (€-308k or -87.7%), and Special woven fabrics and tapestries (€-301k or -98.7%). In November 2024, the increase in Portugal's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... (€176M or 279%), Sugars & confectioneries (€2.74M or 39.3%), and Electrical machinery and electronics (€1.38M or 76.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-22.4M(-19%)
IMPORT GROWTH (November 2023 - November 2024)€77.2M(166%)

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 Brazil and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Brazil and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $1.11B to Brazil. The main products exported from Portugal to Brazil were Pure Olive Oil ($356M), Aircraft parts (gliders, balloons, and powered aircraft) ($172M), and Non-fillet Frozen Fish ($73.9M). During the last 5 years the exports of Portugal to Brazil have increased at an annualized rate of 1.88%, from $1.01B in 2018 to $1.11B in 2023.

In 2018, Brazil exported $3.95B to Portugal. The main products exported from Brazil to Portugal were Crude Petroleum ($2.47B), Soybeans ($316M), and Raw Sugar ($173M). During the last 5 years the exports of Brazil to Portugal have increased at an annualized rate of 20.2%, from $1.57B in 2023 to $3.95B in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Brazil
Top DestinationChina$106B

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

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

In 2023, countries that imported more from Brazil than Portugal included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Portugal - Brazil

Flow
Scale

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

During 2023, Portugal had a large net trade with Brazil in the exports of Animal and Vegetable Bi-Products ($357M), Transportation ($187M), and Machines ($103M).

During 2018, Brazil had a large net trade with Portugal in the exports of Mineral Products ($2.49B), Vegetable Products ($591M), and Foodstuffs ($215M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Brazil+$48.3MRefined Petroleum
Top Product Potential Brazil Portugal+$96.4MRefined 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 Brazil. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Portugal.

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

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