Portugal (PRT) and Guinea-Bissau (GNB) Trade | The Observatory of Economic Complexity

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Portugal-Guinea-Bissau Trade: In 2022, Portugal exported $137M to Guinea-Bissau. The main products that Portugal exported to Guinea-Bissau were Refined Petroleum ($65M), Beer ($11.6M), and Wine ($7.98M). Over the past 5 years the exports of Portugal to Guinea-Bissau have increased at an annualized rate of 5.18%, from $106M in 2017 to $137M in 2022.

In 2022, Portugal did not export any services to Guinea-Bissau.

Guinea-Bissau-Portugal Trade: In 2022, Guinea-Bissau exported $227k to Portugal. The main products that Guinea-Bissau exported to Portugal were Sawn Wood ($72.8k), Vegetable Saps ($68.9k), and Metal Molds ($38.1k). Over the past 5 years the exports of Guinea-Bissau to Portugal have decreased at an annualized rate of 4.68%, from $289k in 2017 to $227k in 2022.

In 2022, Guinea-Bissau 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, Guinea-Bissau ranked 184 in total exports ($221M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €4.14M and imported €0 from Guinea-Bissau, resulting in a positive trade balance of €4.14M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-5.63M (-57.6%) from €9.77M to €4.14M, while imports decreased by €-16k (-100%) from €16k to €0.

Trade In August 2024, the top exports of Portugal to Guinea-Bissau were Beverages, spirits, & vinegar (€2.52M), Ceramic products (€442k), Salt, sulphur, cement, lime, stone, &... (€411k), Edible products of animal origin, n.e.s. (€315k), and Machinery, mechanical appliances, & parts (€247k). In August 2024 the top imports of Portugal from Guinea-Bissau were Live animals (€0), Meat & edible offal (€0), Fish, crustaceans, & molluscs (€0), Edible products of animal origin, n.e.s. (€0), and Animal originated products, n.e.s. (€0).

Growth In August 2024, the decrease in Portugal's year-by-year exports to Guinea-Bissau was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... (€-4.35M or -95%), Rubber & articles thereof (€-148k or -93.9%), and Plastics & articles thereof (€-141k or -61.5%). In August 2024, the decrease in Portugal's year-by-year imports from Guinea-Bissau was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€-5.63M(-57.6%)

IMPORT GROWTH (August 2023 - August 2024)€-16k(-100%)

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 Guinea-Bissau 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 2022, Portugal exported $137M to Guinea-Bissau. The main products exported from Portugal to Guinea-Bissau were Refined Petroleum ($65M), Beer ($11.6M), and Wine ($7.98M). During the last 5 years the exports of Portugal to Guinea-Bissau have increased at an annualized rate of 5.18%, from $106M in 2017 to $137M in 2022.

In 2017, Guinea-Bissau exported $227k to Portugal. The main products exported from Guinea-Bissau to Portugal were Sawn Wood ($72.8k), Vegetable Saps ($68.9k), and Metal Molds ($38.1k). During the last 5 years the exports of Guinea-Bissau to Portugal have decreased at an annualized rate of 4.68%, from $289k in 2022 to $227k in 2017.

Exports from Portugal () to Guinea-Bissau () (2022)

Exports from Guinea-Bissau () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Guinea-Bissau
Top DestinationIndia$203M

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

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

In 2022, countries that imported more from Guinea-Bissau than Portugal included India ($203M).

Difference in imports from Guinea-Bissau () and Portugal () (2022)

Comparative Advantage Portugal - Guinea-Bissau

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Portugal and Guinea-Bissau by product, considering products traded by both, Portugal and Guinea-Bissau.

During 2022, Portugal had a large net trade with Guinea-Bissau in the exports of Mineral Products ($66.5M), Foodstuffs ($33.7M), and Machines ($5.98M).

During 2017, Guinea-Bissau had a large net trade with Portugal in the exports of Vegetable Products ($83.6k), Wood Products ($72.8k), and Machines ($38.3k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Portugal and Guinea-Bissau. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Guinea-Bissau. Similarly, a dot/product with the flag of Guinea-Bissau indicates it has a comparative advantage over Portugal.

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Guinea-Bissau () (2022)

Exports from Guinea-Bissau () to Portugal () (2022)

Market Competitiveness

Difference in imports from Guinea-Bissau () and Portugal () (2022)

Comparative Advantage Portugal - Guinea-Bissau

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Guinea-Bissau () (2022)

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