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Pricing

2022
Flag → Flag
Exports $79.9MRnk 60 / 208
2022
Flag → Flag
Top Product $8.87MRefrigerators
2022
Flag → Flag
Exports $27.1MRnk 73 / 187
2022
Flag → Flag
Top Product $12.7MBananas
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 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$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Portugal-Colombia Trade: In 2022, Portugal exported $79.9M to Colombia. The main products that Portugal exported to Colombia were Refrigerators ($8.87M), Insulated Wire ($3.94M), and Pure Olive Oil ($3.27M). Over the past 5 years the exports of Portugal to Colombia have increased at an annualized rate of 4.63%, from $63.7M in 2017 to $79.9M in 2022.

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

Colombia-Portugal Trade: In 2022, Colombia exported $27.1M to Portugal. The main products that Colombia exported to Portugal were Bananas ($12.7M), Coffee ($4.43M), and Other Plastic Sheetings ($1.34M). Over the past 5 years the exports of Colombia to Portugal have decreased at an annualized rate of 41.6%,  from $399M in 2017 to $27.1M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Latest Trends

July, 2024

About

Overview In July 2024, Portugal exported €9.12M and imported €5.84M from Colombia, resulting in a positive trade balance of €3.28M. Between July 2023 and July 2024 the exports of Portugal have increased by €4.32M (89.9%) from €4.8M to €9.12M, while imports increased by €2.73M (87.9%) from €3.11M to €5.84M.

Trade In July 2024, the top exports of Portugal to Colombia were Electrical machinery and electronics (€2.31M), Machinery, mechanical appliances, & parts (€746k), Plastics & articles thereof (€491k), Iron or steel articles (€416k), and Iron & steel (€336k). In July 2024 the top imports of Portugal from Colombia were Edible fruits, nuts & fruit peels (€2.46M), Plastics & articles thereof (€515k), Coffee, tea, mate & spices (€380k), Preparations of vegetables, fruit, nuts or... (€160k), and Machinery, mechanical appliances, & parts (€104k).

Growth In July 2024, the increase in Portugal's year-by-year exports to Colombia was explained primarily by an increase in product exports in Electrical machinery and electronics (€2.27M or 4.84k%), Machinery, mechanical appliances, & parts (€357k or 91.6%), and Iron or steel articles (€299k or 257%). In July 2024, the increase in Portugal's year-by-year imports  from Colombia was explained primarily by an increase in product imports  in Edible fruits, nuts & fruit peels (€712k or 40.7%), Plastics & articles thereof (€451k or 712%), and Coffee, tea, mate & spices (€207k or 119%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€4.32M(89.9%)
IMPORT GROWTH (July 2023 - July 2024)€2.73M(87.9%)

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 Colombia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $79.9M to Colombia. The main products exported from Portugal to Colombia were Refrigerators ($8.87M), Insulated Wire ($3.94M), and Pure Olive Oil ($3.27M). During the last 5 years the exports of Portugal to Colombia have increased at an annualized rate of 4.63%, from $63.7M in 2017 to $79.9M in 2022.

In 2017, Colombia exported $27.1M to Portugal. The main products exported from Colombia to Portugal were Bananas ($12.7M), Coffee ($4.43M), and Other Plastic Sheetings ($1.34M). During the last 5 years the exports of Colombia to Portugal have decreased at an annualized rate of 41.6%, from $399M in 2022 to $27.1M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Colombia
Top DestinationUnited States$15.6B

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

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

In 2022, countries that imported more from Colombia than Portugal included United States ($15.6B), Panama ($5.84B), and India ($2.55B).

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

Comparative Advantage Portugal - Colombia

Flow
Scale

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

During 2022, Portugal had a large net trade with Colombia in the exports of Machines ($22.9M), Textiles ($11.6M), and Metals ($11.3M).

During 2017, Colombia had a large net trade with Portugal in the exports of Vegetable Products ($17.7M), Plastics and Rubbers ($3.52M), and Foodstuffs ($2.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Colombia+$4.42MPackaged Medicaments
Top Product Potential Colombia Portugal+$6.15MCoffee

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

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

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