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2023
Flag → Flag
Exports $2.97MRnk 146 / 211
2023
Flag → Flag
Top Product $581kPackaged Medicaments
2023
Flag → Flag
Exports $380kRnk 90 / 130
2023
Flag → Flag
Top Product $202kStyrene Polymers
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 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$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Portugal-Iran Trade: In 2023, Portugal exported $2.97M to Iran. The main products that Portugal exported to Iran were Packaged Medicaments ($581k), Cutting Blades ($331k), and Kaolin ($274k). Over the past 5 years the exports of Portugal to Iran have decreased at an annualized rate of 38.6%, from $33.9M in 2018 to $2.97M in 2023.

In 2023, Portugal did not export any services to Iran.

Iran-Portugal Trade: In 2023, Iran exported $380k to Portugal. The main products that Iran exported to Portugal were Styrene Polymers ($202k), Packing Bags ($45.6k), and Processed Fish ($32.4k). Over the past 5 years the exports of Iran to Portugal have decreased at an annualized rate of 35.5%,  from $5.29M in 2018 to $380k in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €27.1k and imported €114k from Iran, resulting in a negative trade balance of €86.8k. Between November 2023 and November 2024 the exports of Portugal have decreased by €-7.96k (-22.7%) from €35.1k to €27.1k, while imports increased by €113k (13.7k%) from €828 to €114k.

Trade In November 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 November 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 November 2024, the decrease in Portugal's year-by-year exports to Iran was explained primarily by an decrease in product exports in Tools & cutlery (€-131k or -95.4%), Ceramic products (€-33.8k or -100%), and Salt, sulphur, cement, lime, stone, &... (€-19.2k or -67.3%). In November 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 (November 2023 - November 2024)€-7.96k(-22.7%)
IMPORT GROWTH (November 2023 - November 2024)€113k(13.7k%)

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

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Historical Data

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Iran than Portugal included China ($4.59B), Pakistan ($943M), and India ($1.02B).

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

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) (NaN)

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