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2022
Flag → Flag
Exports $194MRnk 42 / 208
2022
Flag → Flag
Top Product $12.8MRecovered Paper
2022
Flag → Flag
Exports $1.2BRnk 56 / 217
2022
Flag → Flag
Top Product $156MNon-Retail Pure Cotton Yarn
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Portugal-India Trade: In 2022, Portugal exported $194M to India. The main products that Portugal exported to India were Recovered Paper ($12.8M), Scrap Vessels ($12.7M), and Marble, Travertine and Alabaster ($11.6M). Over the past 5 years the exports of Portugal to India have increased at an annualized rate of 4.02%, from $159M in 2017 to $194M in 2022.

In 2020, Portugal exported services to India worth $12.6M, with Travel ($12.6M) being the largest in terms of value.

India-Portugal Trade: In 2022, India exported $1.2B to Portugal. The main products that India exported to Portugal were Non-Retail Pure Cotton Yarn ($156M), Refined Petroleum ($98.7M), and Coated Flat-Rolled Iron ($94.5M). Over the past 5 years the exports of India to Portugal have increased at an annualized rate of 8.45%,  from $798M in 2017 to $1.2B in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Latest Trends

September, 2024

About

Overview In September 2024, Portugal exported €38M and imported €134M from India, resulting in a negative trade balance of €95.9M. Between September 2023 and September 2024 the exports of Portugal have increased by €22.6M (146%) from €15.5M to €38M, while imports increased by €51.1M (61.7%) from €82.8M to €134M.

Trade In September 2024, the top exports of Portugal to India were Wood pulp & paper scrap (€1.49M), Salt, sulphur, cement, lime, stone, &... (€1.26M), Electrical machinery and electronics (€968k), Aluminum articles (€707k), and Machinery, mechanical appliances, & parts (€569k). In September 2024 the top imports of Portugal from India were Organic chemicals (€17.7M), Cotton (€12.4M), Rubber & articles thereof (€6.07M), Footwear (€4.93M), and Plastics & articles thereof (€4.46M).

Growth In September 2024, the increase in Portugal's year-by-year exports to India was explained primarily by an increase in product exports in Wood pulp & paper scrap (€1.09M or 271%), Salt, sulphur, cement, lime, stone, &... (€924k or 277%), and Paper articles (€216k or 82.8%). In September 2024, the increase in Portugal's year-by-year imports  from India was explained primarily by an increase in product imports  in Organic chemicals (€13.4M or 316%), Rubber & articles thereof (€2.51M or 70.3%), and Non-knitted clothing accesories (€2.25M or 186%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)€22.6M(146%)
IMPORT GROWTH (September 2023 - September 2024)€51.1M(61.7%)

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 India and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore India and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $194M to India. The main products exported from Portugal to India were Recovered Paper ($12.8M), Scrap Vessels ($12.7M), and Marble, Travertine and Alabaster ($11.6M). During the last 5 years the exports of Portugal to India have increased at an annualized rate of 4.02%, from $159M in 2017 to $194M in 2022.

In 2017, India exported $1.2B to Portugal. The main products exported from India to Portugal were Non-Retail Pure Cotton Yarn ($156M), Refined Petroleum ($98.7M), and Coated Flat-Rolled Iron ($94.5M). During the last 5 years the exports of India to Portugal have increased at an annualized rate of 8.45%, from $798M in 2022 to $1.2B in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Portugal than India included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

In 2022, countries that imported more from India than Portugal included United States ($82.9B), United Arab Emirates ($31.6B), and China ($15.3B).

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

Comparative Advantage Portugal - India

Flow
Scale

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

During 2022, Portugal had a large net trade with India in the exports of Machines ($38.6M), Metals ($31.7M), and Paper Goods ($24.4M).

During 2017, India had a large net trade with Portugal in the exports of Textiles ($325M), Chemical Products ($196M), and Metals ($175M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal India+$11MEthylene Polymers
Top Product Potential India Portugal+$133MRefined Petroleum

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

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

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