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2022
Flag → Flag
Exports $879MRnk 17 / 208
2022
Flag → Flag
Top Product $117MScrap Copper
2022
Flag → Flag
Exports $6.11BRnk 70 / 211
2022
Flag → Flag
Top Product $1.03BSemiconductor Devices
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 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$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

Portugal-China Trade: In 2022, Portugal exported $879M to China. The main products that Portugal exported to China were Scrap Copper ($117M), Dissolving Grades Chemical Woodpulp ($75.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($50.6M). Over the past 5 years the exports of Portugal to China have decreased at an annualized rate of 3.6%, from $1.06B in 2017 to $879M in 2022.

In 2020, Portugal exported services to China worth $89.1M, with Travel ($66.2M) and Transportation ($22.8M) being the largest in terms of value.

China-Portugal Trade: In 2022, China exported $6.11B to Portugal. The main products that China exported to Portugal were Semiconductor Devices ($1.03B), Broadcasting Equipment ($216M), and Bi-Wheel Vehicle Parts ($203M). Over the past 5 years the exports of China to Portugal have increased at an annualized rate of 13.8%,  from $3.2B in 2017 to $6.11B in 2022.

In 2022, China 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, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €40.3M and imported €453M from China, resulting in a negative trade balance of €413M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-38.1M (-48.6%) from €78.4M to €40.3M, while imports increased by €60.2M (15.3%) from €393M to €453M.

Trade In August 2024, the top exports of Portugal to China were Electrical machinery and electronics (€13.3M), Wood pulp & paper scrap (€11.9M), Copper articles (€11.3M), Salt, sulphur, cement, lime, stone, &... (€4.69M), and Coated, covered, & laminated fabrics for... (€1.68M). In August 2024 the top imports of Portugal from China were Electrical machinery and electronics (€133M), Machinery, mechanical appliances, & parts (€45.7M), Organic chemicals (€23.5M), Cars, tractors, trucks & parts thereof. (€18.6M), and Iron or steel articles (€16.7M).

Growth In August 2024, the decrease in Portugal's year-by-year exports to China was explained primarily by an decrease in product exports in Stone, plaster, cement, asbestos, mica. (€-1.49M or -87.6%), Coated, covered, & laminated fabrics for... (€-1.16M or -40.8%), and Footwear (€-729k or -45.2%). In August 2024, the increase in Portugal's year-by-year imports  from China was explained primarily by an increase in product imports  in Iron & steel (€5.71M or 54.1%), Mineral fuels, mineral oils and products... (€4.88M or 387%), and Leather articles (€3.99M or 93.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-38.1M(-48.6%)
IMPORT GROWTH (August 2023 - August 2024)€60.2M(15.3%)

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 China and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $879M to China. The main products exported from Portugal to China were Scrap Copper ($117M), Dissolving Grades Chemical Woodpulp ($75.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($50.6M). During the last 5 years the exports of Portugal to China have decreased at an annualized rate of 3.6%, from $1.06B in 2017 to $879M in 2022.

In 2017, China exported $6.11B to Portugal. The main products exported from China to Portugal were Semiconductor Devices ($1.03B), Broadcasting Equipment ($216M), and Bi-Wheel Vehicle Parts ($203M). During the last 5 years the exports of China to Portugal have increased at an annualized rate of 13.8%, from $3.2B in 2022 to $6.11B in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
China
Top DestinationUnited States$551B

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

In 2022, countries that imported more from Portugal than China included Gibraltar ($561M), Cape Verde ($407M), and Guinea-Bissau ($137M).

In 2022, countries that imported more from China than Portugal included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Portugal - China

Flow
Scale

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

During 2022, Portugal had a large net trade with China in the exports of Machines ($226M), Metals ($135M), and Textiles ($81.6M).

During 2017, China had a large net trade with Portugal in the exports of Machines ($2.84B), Textiles ($512M), and Metals ($461M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal China+$114MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential China Portugal+$174MTelephones

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

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

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