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2022
Flag → Flag
Exports $995MRnk 14 / 208
2022
Flag → Flag
Top Product $298MPure Olive Oil
2022
Flag → Flag
Exports $4.44BRnk 16 / 223
2022
Flag → Flag
Top Product $2.55BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 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$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186

About

Portugal-Brazil Trade: In 2022, Portugal exported $995M to Brazil. The main products that Portugal exported to Brazil were Pure Olive Oil ($298M), Aircraft Parts ($125M), and Wine ($72M). Over the past 5 years the exports of Portugal to Brazil have decreased at an annualized rate of 1.82%, from $1.09B in 2017 to $995M in 2022.

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 2022, Brazil exported $4.44B to Portugal. The main products that Brazil exported to Portugal were Crude Petroleum ($2.55B), Soybeans ($350M), and Corn ($288M). Over the past 5 years the exports of Brazil to Portugal have increased at an annualized rate of 25.1%,  from $1.45B in 2017 to $4.44B in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €93.7M and imported €205M from Brazil, resulting in a negative trade balance of €111M. Between August 2023 and August 2024 the exports of Portugal have increased by €7.1M (8.2%) from €86.6M to €93.7M, while imports decreased by €-46.6M (-18.5%) from €251M to €205M.

Trade In August 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 August 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 August 2024, the increase in Portugal's year-by-year exports to Brazil was explained primarily by an increase in product exports in Animal or vegetable fats, oils, &... (€27.6M or 136%), Fish, crustaceans, & molluscs (€7.56M or 143%), and Aircraft and spacecraft (€6.92M or 322%). In August 2024, the decrease in Portugal's year-by-year imports  from Brazil was explained primarily by an decrease in product imports  in Cereals (€-9.55M or -41.4%), Wood, wood articles, & charcoal (€-6.15M or -32.6%), and Iron & steel (€-1.84M or -9.04%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€7.1M(8.2%)
IMPORT GROWTH (August 2023 - August 2024)€-46.6M(-18.5%)

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 2022, Portugal exported $995M to Brazil. The main products exported from Portugal to Brazil were Pure Olive Oil ($298M), Aircraft Parts ($125M), and Wine ($72M). During the last 5 years the exports of Portugal to Brazil have decreased at an annualized rate of 1.82%, from $1.09B in 2017 to $995M in 2022.

In 2017, Brazil exported $4.44B to Portugal. The main products exported from Brazil to Portugal were Crude Petroleum ($2.55B), Soybeans ($350M), and Corn ($288M). During the last 5 years the exports of Brazil to Portugal have increased at an annualized rate of 25.1%, from $1.45B in 2022 to $4.44B in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Brazil
Top DestinationChina$90.1B

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

In 2022, countries that imported more from Brazil than Portugal included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

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 2022, Portugal had a large net trade with Brazil in the exports of Animal and Vegetable Bi-Products ($299M), Transportation ($146M), and Foodstuffs ($91.5M).

During 2017, Brazil had a large net trade with Portugal in the exports of Mineral Products ($2.78B), Vegetable Products ($762M), and Metals ($292M).

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) (2022)

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