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Pricing

2022
Flag → Flag
Exports $2.2MRnk 148 / 208
2022
Flag → Flag
Top Product $472kCutting Blades
2022
Flag → Flag
Exports $400kRnk 91 / 127
2022
Flag → Flag
Top Product $152kSpices
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Portugal-Iran Trade: In 2022, Portugal exported $2.2M to Iran. The main products that Portugal exported to Iran were Cutting Blades ($472k), Kaolin ($310k), and Beauty Products ($263k). Over the past 5 years the exports of Portugal to Iran have decreased at an annualized rate of 50.2%, from $72M in 2017 to $2.2M in 2022.

In 2022, Portugal did not export any services to Iran.

Iran-Portugal Trade: In 2022, Iran exported $400k to Portugal. The main products that Iran exported to Portugal were Spices ($152k), Centrifuges ($57.6k), and Grapes ($52.9k). Over the past 5 years the exports of Iran to Portugal have decreased at an annualized rate of 42.3%,  from $6.27M in 2017 to $400k in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €331k and imported €105k from Iran, resulting in a positive trade balance of €226k. Between August 2023 and August 2024 the exports of Portugal have increased by €180k (119%) from €151k to €331k, while imports increased by €105k (55.5k%) from €189 to €105k.

Trade In August 2024, the top exports of Portugal to Iran were Machinery, mechanical appliances, & parts (€221k), Salt, sulphur, cement, lime, stone, &... (€9.33k), Tools & cutlery (€6.37k), Furniture, bedding, lamps, & prefab buildings (€4.68k), and Coffee, tea, mate & spices (€4.4k). In August 2024 the top imports of Portugal from Iran were Coffee, tea, mate & spices (€3.61k), Electrical machinery and electronics (€304), Toys, games, & sports (€14), Inorganic chemicals (€5), and Ceramic products (€4).

Growth In August 2024, the increase in Portugal's year-by-year exports to Iran was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€218k or 6.41k%). In August 2024, the increase in Portugal's year-by-year imports  from Iran was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€180k(119%)
IMPORT GROWTH (August 2023 - August 2024)€105k(55.5k%)

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 Iran and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $2.2M to Iran. The main products exported from Portugal to Iran were Cutting Blades ($472k), Kaolin ($310k), and Beauty Products ($263k). During the last 5 years the exports of Portugal to Iran have decreased at an annualized rate of 50.2%, from $72M in 2017 to $2.2M in 2022.

In 2017, Iran exported $400k to Portugal. The main products exported from Iran to Portugal were Spices ($152k), Centrifuges ($57.6k), and Grapes ($52.9k). During the last 5 years the exports of Iran to Portugal have decreased at an annualized rate of 42.3%, from $6.27M in 2022 to $400k in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than Portugal included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage Portugal - Iran

Flow
Scale

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

During 2022, Portugal had a large net trade with Iran in the exports of Machines ($562k), Metals ($477k), and Chemical Products ($371k).

During 2017, Iran had a large net trade with Portugal in the exports of Vegetable Products ($206k), Machines ($113k), and Textiles ($25.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Iran+$492kPackaged Medicaments
Top Product Potential Iran Portugal+$174kSpices

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

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

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