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2023
Flag → Flag
Exports $124MRnk 49 / 211
2023
Flag → Flag
Top Product $25.2MPrecious Metal Watches
2023
Flag → Flag
Exports $106MRnk 50 / 198
2023
Flag → Flag
Top Product $26.1MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Portugal-Hong Kong Trade: In 2023, Portugal exported $124M to Hong Kong. The main products that Portugal exported to Hong Kong were Precious Metal Watches ($25.2M), Electrical Capacitors ($9.51M), and Synthetic Filament Yarn Woven Fabric ($7.76M). Over the past 5 years the exports of Portugal to Hong Kong have decreased at an annualized rate of 7.34%, from $181M in 2018 to $124M in 2023.

In 2018, Portugal exported services to Hong Kong worth $0, with being the largest in terms of value.

Hong Kong-Portugal Trade: In 2023, Hong Kong exported $106M to Portugal. The main products that Hong Kong exported to Portugal were Broadcasting Equipment ($26.1M), Printed Circuit Boards ($12M), and Integrated Circuits ($11.3M). Over the past 5 years the exports of Hong Kong to Portugal have increased at an annualized rate of 6.82%,  from $76.2M in 2018 to $106M in 2023.

In 2023, Hong Kong did not export any services to Portugal.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €10.9M and imported €7.73M from Hong Kong, resulting in a positive trade balance of €3.2M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-2.41M (-18.1%) from €13.3M to €10.9M, while imports increased by €2.39M (44.8%) from €5.34M to €7.73M.

Trade In November 2024, the top exports of Portugal to Hong Kong were Electrical machinery and electronics (€3.07M), Clocks, watches, & parts (€2.39M), Man-made staple fibres (€711k), Cotton (€642k), and Cork & cork articles (€558k). In November 2024 the top imports of Portugal from Hong Kong were Electrical machinery and electronics (€7.42M), Vegetable textile fibers, paper yarn &... (€733k), Animal or vegetable fats, oils, &... (€637k), Machinery, mechanical appliances, & parts (€318k), and Non-knitted clothing accesories (€316k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Cotton (€-1.52M or -70.3%), Knitted clothing accesories (€-595k or -63.8%), and Clocks, watches, & parts (€-446k or -15.7%). In November 2024, the increase in Portugal's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Electrical machinery and electronics (€444k or 6.36%), Vegetable textile fibers, paper yarn &... (€422k or 135%), and Non-knitted clothing accesories (€244k or 342%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-2.41M(-18.1%)
IMPORT GROWTH (November 2023 - November 2024)€2.39M(44.8%)

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 Hong Kong and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $124M to Hong Kong. The main products exported from Portugal to Hong Kong were Precious Metal Watches ($25.2M), Electrical Capacitors ($9.51M), and Synthetic Filament Yarn Woven Fabric ($7.76M). During the last 5 years the exports of Portugal to Hong Kong have decreased at an annualized rate of 7.34%, from $181M in 2018 to $124M in 2023.

In 2018, Hong Kong exported $106M to Portugal. The main products exported from Hong Kong to Portugal were Broadcasting Equipment ($26.1M), Printed Circuit Boards ($12M), and Integrated Circuits ($11.3M). During the last 5 years the exports of Hong Kong to Portugal have increased at an annualized rate of 6.82%, from $76.2M in 2023 to $106M in 2018.

Exports from Portugal (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Hong Kong
Top DestinationChina$25.3B

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

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

In 2023, countries that imported more from Hong Kong than Portugal included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - Hong Kong

Flow
Scale

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

During 2023, Portugal had a large net trade with Hong Kong in the exports of Instruments ($32.9M), Machines ($32.4M), and Textiles ($24.3M).

During 2018, Hong Kong had a large net trade with Portugal in the exports of Machines ($73.5M), Textiles ($6.35M), and Instruments ($4.77M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Hong Kong+$27.2MIntegrated Circuits
Top Product Potential Hong Kong Portugal+$22.4MTelephones

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

Product Space of Portugal (Flag) and Hong Kong (Flag) (2023)

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