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2022
Flag → Flag
Exports $124MRnk 52 / 208
2022
Flag → Flag
Top Product $14.8MOther Heating Machinery
2022
Flag → Flag
Exports $65.2MRnk 58 / 185
2022
Flag → Flag
Top Product $13.4MSulfate Chemical Woodpulp
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 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$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Portugal-Chile Trade: In 2022, Portugal exported $124M to Chile. The main products that Portugal exported to Chile were Other Heating Machinery ($14.8M), Natural Cork Articles ($12.8M), and Raw Plastic Sheeting ($6.23M). Over the past 5 years the exports of Portugal to Chile have decreased at an annualized rate of 4.52%, from $157M in 2017 to $124M in 2022.

In 2003, Portugal exported services to Chile worth $2.07M, with Services not allocated ($2.07M) being the largest in terms of value.

Chile-Portugal Trade: In 2022, Chile exported $65.2M to Portugal. The main products that Chile exported to Portugal were Sulfate Chemical Woodpulp ($13.4M), Grapes ($7.53M), and Fish Fillets ($7.5M). Over the past 5 years the exports of Chile to Portugal have increased at an annualized rate of 1.47%,  from $60.6M in 2017 to $65.2M in 2022.

In 2022, Chile 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, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €6.55M and imported €7.81M from Chile, resulting in a negative trade balance of €1.25M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-2.53M (-27.9%) from €9.08M to €6.55M, while imports increased by €1.41M (22.1%) from €6.39M to €7.81M.

Trade In August 2024, the top exports of Portugal to Chile were Machinery, mechanical appliances, & parts (€1.53M), Iron or steel articles (€1.33M), Cork & cork articles (€873k), Footwear (€266k), and Knitted clothing accesories (€237k). In August 2024 the top imports of Portugal from Chile were Wood, wood articles, & charcoal (€3.49M), Wood pulp & paper scrap (€1.73M), Fish, crustaceans, & molluscs (€844k), Oils seeds, oleaginous fruits, grains, straw... (€434k), and Edible fruits, nuts & fruit peels (€385k).

Growth In August 2024, the decrease in Portugal's year-by-year exports to Chile was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-978k or -98.9%), Cork & cork articles (€-967k or -52.6%), and Iron & steel (€-421k or -87.4%). In August 2024, the increase in Portugal's year-by-year imports  from Chile was explained primarily by an increase in product imports  in Wood, wood articles, & charcoal (€3.42M or 5.57k%), Wood pulp & paper scrap (€845k or 95.1%), and Fish, crustaceans, & molluscs (€208k or 32.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-2.53M(-27.9%)
IMPORT GROWTH (August 2023 - August 2024)€1.41M(22.1%)

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 Chile and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Chile and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $124M to Chile. The main products exported from Portugal to Chile were Other Heating Machinery ($14.8M), Natural Cork Articles ($12.8M), and Raw Plastic Sheeting ($6.23M). During the last 5 years the exports of Portugal to Chile have decreased at an annualized rate of 4.52%, from $157M in 2017 to $124M in 2022.

In 2017, Chile exported $65.2M to Portugal. The main products exported from Chile to Portugal were Sulfate Chemical Woodpulp ($13.4M), Grapes ($7.53M), and Fish Fillets ($7.5M). During the last 5 years the exports of Chile to Portugal have increased at an annualized rate of 1.47%, from $60.6M in 2022 to $65.2M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Chile
Top DestinationChina$38.5B

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

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

In 2022, countries that imported more from Chile than Portugal included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

Comparative Advantage Portugal - Chile

Flow
Scale

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

During 2022, Portugal had a large net trade with Chile in the exports of Machines ($36.8M), Wood Products ($18.2M), and Metals ($13.2M).

During 2017, Chile had a large net trade with Portugal in the exports of Vegetable Products ($23.7M), Animal Products ($16.4M), and Paper Goods ($13.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Chile+$3.58MPackaged Medicaments
Top Product Potential Chile Portugal+$4.37MNon-fillet Frozen Fish

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

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

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