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2023
Flag → Flag
Exports $2.39BRnk 8 / 211
2023
Flag → Flag
Top Product $1.75BUnpackaged Medicaments
2023
Flag → Flag
Exports $331MRnk 56 / 215
2023
Flag → Flag
Top Product $101MPlanes, Helicopters, and/or Spacecraft
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 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$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Portugal-Canada Trade: In 2023, Portugal exported $2.39B to Canada. The main products that Portugal exported to Canada were Unpackaged Medicaments ($1.75B), Wine ($51.2M), and Leather Footwear ($36.1M). Over the past 5 years the exports of Portugal to Canada have increased at an annualized rate of 35.2%, from $529M in 2018 to $2.39B in 2023.

In 2020, Portugal exported services to Canada worth $97.1M, with Travel ($97.1M) being the largest in terms of value.

Canada-Portugal Trade: In 2023, Canada exported $331M to Portugal. The main products that Canada exported to Portugal were Planes, Helicopters, and/or Spacecraft ($101M), Corn ($53.4M), and Wheat ($35.2M). Over the past 5 years the exports of Canada to Portugal have decreased at an annualized rate of 0.031%,  from $331M in 2018 to $331M in 2023.

In 2020, Canada exported services to Portugal worth $55.9M, with Transportation ($20.1M), Computer and information services ($18.6M), and Travel ($11.2M) being the largest in terms of value.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €30.5M and imported €20.7M from Canada, resulting in a positive trade balance of €9.82M. Between November 2023 and November 2024 the exports of Portugal have increased by €2.42M (8.6%) from €28.1M to €30.5M, while imports decreased by €-10.3M (-33.2%) from €31M to €20.7M.

Trade In November 2024, the top exports of Portugal to Canada were Beverages, spirits, & vinegar (€3.31M), Rubber & articles thereof (€3.18M), Furniture, bedding, lamps, & prefab buildings (€2.39M), Footwear (€2.26M), and Plastics & articles thereof (€2.07M). In November 2024 the top imports of Portugal from Canada were Aircraft and Spacecraft (€23.7M), Iron & steel (€2.12M), Plastics & articles thereof (€1.01M), Machinery, mechanical appliances, & parts (€997k), and Inorganic chemicals (€898k).

Growth In November 2024, the increase in Portugal's year-by-year exports to Canada was explained primarily by an increase in product exports in Rubber & articles thereof (€2.11M or 197%), Non-knitted clothing accesories (€1.41M or 484%), and Plastics & articles thereof (€939k or 83.2%). In November 2024, the decrease in Portugal's year-by-year imports  from Canada was explained primarily by an decrease in product imports  in Aircraft and Spacecraft (€-13.7M or -36.6%), Edible vegetables, roots, & tubers (€-414k or -47.6%), and Machinery, mechanical appliances, & parts (€-225k or -18.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€2.42M(8.6%)
IMPORT GROWTH (November 2023 - November 2024)€-10.3M(-33.2%)

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 Canada and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $2.39B to Canada. The main products exported from Portugal to Canada were Unpackaged Medicaments ($1.75B), Wine ($51.2M), and Leather Footwear ($36.1M). During the last 5 years the exports of Portugal to Canada have increased at an annualized rate of 35.2%, from $529M in 2018 to $2.39B in 2023.

In 2018, Canada exported $331M to Portugal. The main products exported from Canada to Portugal were Planes, Helicopters, and/or Spacecraft ($101M), Corn ($53.4M), and Wheat ($35.2M). During the last 5 years the exports of Canada to Portugal have decreased at an annualized rate of 0.031%, from $331M in 2023 to $331M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Portugal than Canada included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Canada than Portugal included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Portugal - Canada

Flow
Scale

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

During 2023, Portugal had a large net trade with Canada in the exports of Chemical Products ($1.78B), Textiles ($196M), and Foodstuffs ($67.6M).

During 2018, Canada had a large net trade with Portugal in the exports of Vegetable Products ($131M), Transportation ($109M), and Chemical Products ($21.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Canada+$49.2MRefined Petroleum
Top Product Potential Canada Portugal+$89.7MCrude 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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Bilateral Service Trade

In 2020, Portugal exported services to Canada worth $97.1M, with Travel ($97.1M) being the largest in terms of value.

In 2020, Canada exported services to Portugal worth $55.9M, with Transportation ($20.1M), Computer and information services ($18.6M), and Travel ($11.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Canada (Flag) (2020)

Services Exports from Canada (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 Canada. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Portugal.

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

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