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2023
Flag → Flag
Exports $215MRnk 40 / 211
2023
Flag → Flag
Top Product $23.6MRecovered Paper
2023
Flag → Flag
Exports $1.21BRnk 58 / 220
2023
Flag → Flag
Top Product $204MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Portugal-India Trade: In 2023, Portugal exported $215M to India. The main products that Portugal exported to India were Recovered Paper ($23.6M), Antibiotics ($14.9M), and Dissolving Grades Chemical Woodpulp ($13.5M). Over the past 5 years the exports of Portugal to India have increased at an annualized rate of 5.92%, from $162M in 2018 to $215M in 2023.

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 2023, India exported $1.21B to Portugal. The main products that India exported to Portugal were Refined Petroleum ($204M), Non-Retail Pure Cotton Yarn ($158M), and Coated Flat-Rolled Iron ($66.9M). Over the past 5 years the exports of India to Portugal have increased at an annualized rate of 6%,  from $908M in 2018 to $1.21B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €16.3M and imported €69.8M from India, resulting in a negative trade balance of €53.5M. Between November 2023 and November 2024 the exports of Portugal have increased by €2.39M (17.2%) from €13.9M to €16.3M, while imports decreased by €-27.7M (-28.4%) from €97.5M to €69.8M.

Trade In November 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 November 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 November 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 November 2024, the decrease in Portugal's year-by-year imports  from India was explained primarily by an decrease in product imports  in Iron & steel (€-44.3M or -95.2%), Cotton (€-18.7M or -60.1%), and Plastics & articles thereof (€-6.81M or -60.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€2.39M(17.2%)
IMPORT GROWTH (November 2023 - November 2024)€-27.7M(-28.4%)

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 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 2023, Portugal exported $215M to India. The main products exported from Portugal to India were Recovered Paper ($23.6M), Antibiotics ($14.9M), and Dissolving Grades Chemical Woodpulp ($13.5M). During the last 5 years the exports of Portugal to India have increased at an annualized rate of 5.92%, from $162M in 2018 to $215M in 2023.

In 2018, India exported $1.21B to Portugal. The main products exported from India to Portugal were Refined Petroleum ($204M), Non-Retail Pure Cotton Yarn ($158M), and Coated Flat-Rolled Iron ($66.9M). During the last 5 years the exports of India to Portugal have increased at an annualized rate of 6%, from $908M in 2023 to $1.21B in 2018.

Exports from Portugal (Flag) to India (Flag) (2023)

Exports from India (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
India
Top DestinationUnited States$85.5B

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 2023, countries that imported more from Portugal than India included Spain ($17.7B), France ($9.19B), and Angola ($1.64B).

In 2023, countries that imported more from India than Portugal included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India (Flag) and Portugal (Flag) (2023)

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 2023, Portugal had a large net trade with India in the exports of Paper Goods ($50.6M), Machines ($49.9M), and Metals ($26.9M).

During 2018, India had a large net trade with Portugal in the exports of Textiles ($288M), Mineral Products ($205M), and Metals ($171M).

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) (2023)

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