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2022
Flag → Flag
Exports $79.5MRnk 61 / 208
2022
Flag → Flag
Top Product $11.2MRaw Iron Bars
2022
Flag → Flag
Exports $48.2MRnk 47 / 188
2022
Flag → Flag
Top Product $6.8MNon-fillet Frozen Fish
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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 GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH65.5%CURRENT US$
Rnk 34 / 186
2022
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GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
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GDP PC$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Portugal-Estonia Trade: In 2022, Portugal exported $79.5M to Estonia. The main products that Portugal exported to Estonia were Raw Iron Bars ($11.2M), Delivery Trucks ($9.36M), and Integrated Circuits ($2.95M). Over the past 5 years the exports of Portugal to Estonia have increased at an annualized rate of 17.7%, from $35.2M in 2017 to $79.5M in 2022.

In 2020, Portugal exported services to Estonia worth $4.57M, with Travel ($4.57M) being the largest in terms of value.

Estonia-Portugal Trade: In 2022, Estonia exported $48.2M to Portugal. The main products that Estonia exported to Portugal were Non-fillet Frozen Fish ($6.8M), Sawn Wood ($4.33M), and Vitamins ($2.18M). Over the past 5 years the exports of Estonia to Portugal have increased at an annualized rate of 8.05%,  from $32.8M in 2017 to $48.2M in 2022.

In 2020, Estonia exported services to Portugal worth $29.2M, with Other business services ($25.4M), Computer and information services ($1.26M), and Travel ($1.14M) being the largest in terms of value.

Comparison In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 48 in total exports ($81.7B). That same year, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €3.43M and imported €1.59M from Estonia, resulting in a positive trade balance of €1.84M. Between August 2023 and August 2024 the exports of Portugal have increased by €754k (28.2%) from €2.68M to €3.43M, while imports increased by €150k (10.4%) from €1.44M to €1.59M.

Trade In August 2024, the top exports of Portugal to Estonia were Cars, tractors, trucks & parts thereof. (€542k), Plastics & articles thereof (€346k), Electrical machinery and electronics (€339k), Knitted clothing accesories (€222k), and Machinery, mechanical appliances, & parts (€214k). In August 2024 the top imports of Portugal from Estonia were Wood, wood articles, & charcoal (€876k), Plastics & articles thereof (€251k), Paper articles (€204k), Fish, crustaceans, & molluscs (€164k), and Cars, tractors, trucks & parts thereof. (€106k).

Growth In August 2024, the increase in Portugal's year-by-year exports to Estonia was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€316k or 140%), Paper articles (€63.4k or 64.6%), and Plastics & articles thereof (€61.1k or 21.4%). In August 2024, the increase in Portugal's year-by-year imports  from Estonia was explained primarily by an increase in product imports  in Fish, crustaceans, & molluscs (€81.8k or 99.8%), Organic chemicals (€42.4k or 80.9%), and Wood, wood articles, & charcoal (€39.3k or 4.69%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€754k(28.2%)
IMPORT GROWTH (August 2023 - August 2024)€150k(10.4%)

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 Estonia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Estonia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $79.5M to Estonia. The main products exported from Portugal to Estonia were Raw Iron Bars ($11.2M), Delivery Trucks ($9.36M), and Integrated Circuits ($2.95M). During the last 5 years the exports of Portugal to Estonia have increased at an annualized rate of 17.7%, from $35.2M in 2017 to $79.5M in 2022.

In 2017, Estonia exported $48.2M to Portugal. The main products exported from Estonia to Portugal were Non-fillet Frozen Fish ($6.8M), Sawn Wood ($4.33M), and Vitamins ($2.18M). During the last 5 years the exports of Estonia to Portugal have increased at an annualized rate of 8.05%, from $32.8M in 2022 to $48.2M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Estonia
Top DestinationFinland$3B

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

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

In 2022, countries that imported more from Estonia than Portugal included Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

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

Comparative Advantage Portugal - Estonia

Flow
Scale

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

During 2022, Portugal had a large net trade with Estonia in the exports of Metals ($20.6M), Machines ($13.9M), and Transportation ($12.4M).

During 2017, Estonia had a large net trade with Portugal in the exports of Wood Products ($9.7M), Machines ($8.75M), and Animal Products ($7.22M).

Bilateral Service Trade

In 2020, Portugal exported services to Estonia worth $4.57M, with Travel ($4.57M) being the largest in terms of value.

In 2020, Estonia exported services to Portugal worth $29.2M, with Other business services ($25.4M), Computer and information services ($1.26M), and Travel ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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