Portugal (PRT) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Portugal-Estonia Trade: In 2023, Portugal exported $65.3M to Estonia. The main products that Portugal exported to Estonia were Delivery Trucks ($10.1M), Raw Iron Bars ($6.7M), and Hot-Rolled Iron Bars ($6.47M). Over the past 5 years the exports of Portugal to Estonia have increased at an annualized rate of 9.91%, from $40.7M in 2018 to $65.3M in 2023.

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 2023, Estonia exported $60.3M to Portugal. The main products that Estonia exported to Portugal were Barley ($12.7M), Corn ($9.39M), and Refined Petroleum ($4.01M). Over the past 5 years the exports of Estonia to Portugal have increased at an annualized rate of 8%, from $41M in 2018 to $60.3M in 2023.

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 2023, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €7.69M and imported €3.28M from Estonia, resulting in a positive trade balance of €4.41M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-1.89M (-19.7%) from €9.58M to €7.69M, while imports increased by €757k (29.9%) from €2.53M to €3.28M.

Trade In November 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 November 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 November 2024, the decrease in Portugal's year-by-year exports to Estonia was explained primarily by an decrease in product exports in Knitted clothing accesories (€-237k or -51.6%), Footwear (€-208k or -83.3%), and Cotton (€-116k or -68.4%). In November 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

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€-1.89M(-19.7%)

IMPORT GROWTH (November 2023 - November 2024)€757k(29.9%)

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 Estonia and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Portugal exported $65.3M to Estonia. The main products exported from Portugal to Estonia were Delivery Trucks ($10.1M), Raw Iron Bars ($6.7M), and Hot-Rolled Iron Bars ($6.47M). During the last 5 years the exports of Portugal to Estonia have increased at an annualized rate of 9.91%, from $40.7M in 2018 to $65.3M in 2023.

In 2018, Estonia exported $60.3M to Portugal. The main products exported from Estonia to Portugal were Barley ($12.7M), Corn ($9.39M), and Refined Petroleum ($4.01M). During the last 5 years the exports of Estonia to Portugal have increased at an annualized rate of 8%, from $41M in 2023 to $60.3M in 2018.

Exports from Portugal () to Estonia () (2023)

Exports from Estonia () to Portugal () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$17.7B

Estonia
Top DestinationFinland$2.71B

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

In 2023, countries that imported more from Estonia than Portugal included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

Difference in imports from Estonia () and Portugal () (2023)

Comparative Advantage Portugal - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Portugal had a large net trade with Estonia in the exports of Metals ($20M), Transportation ($11.3M), and Machines ($8.86M).

During 2018, Estonia had a large net trade with Portugal in the exports of Vegetable Products ($24M), Machines ($7.11M), and Wood Products ($6.07M).

Bilateral Service Trade

Est Year

Prt Year

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 () to Estonia () (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Estonia () (2023)

Exports from Estonia () to Portugal () (2023)

Market Competitiveness

Difference in imports from Estonia () and Portugal () (2023)

Comparative Advantage Portugal - Estonia

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Estonia () (2023)

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