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2022
Flag → Flag
Exports $490MRnk 25 / 208
2022
Flag → Flag
Top Product $168MBovine
2022
Flag → Flag
Exports $129MRnk 45 / 187
2022
Flag → Flag
Top Product $33MCyclic Hydrocarbons
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH99%CURRENT US$
Rnk 14 / 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$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH64.9%CURRENT US$
Rnk 21 / 186

About

Portugal-Israel Trade: In 2022, Portugal exported $490M to Israel. The main products that Portugal exported to Israel were Bovine ($168M), Sheep and Goats ($81M), and Sulfate Chemical Woodpulp ($31.6M). Over the past 5 years the exports of Portugal to Israel have increased at an annualized rate of 16.7%, from $226M in 2017 to $490M in 2022.

In 2003, Portugal exported services to Israel worth $3.08M, with Services not allocated ($3.08M) being the largest in terms of value.

Israel-Portugal Trade: In 2022, Israel exported $129M to Portugal. The main products that Israel exported to Portugal were Cyclic Hydrocarbons ($33M), Phosphoric Acid ($11.5M), and Mixed Mineral or Chemical Fertilizers ($7.91M). Over the past 5 years the exports of Israel to Portugal have increased at an annualized rate of 3.88%,  from $107M in 2017 to $129M in 2022.

In 2012, Israel exported services to Portugal worth $12.7M, with Computer and information services ($12.7M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Latest Trends

July, 2024

About

Overview In July 2024, Portugal exported €30.2M and imported €5.81M from Israel, resulting in a positive trade balance of €24.4M. Between July 2023 and July 2024 the exports of Portugal have increased by €8.64M (40.1%) from €21.6M to €30.2M, while imports decreased by €-925k (-13.7%) from €6.73M to €5.81M.

Trade In July 2024, the top exports of Portugal to Israel were Live animals (€27.2M), Wood pulp & paper scrap (€2.1M), Cars, tractors, trucks & parts thereof. (€1.55M), Machinery, mechanical appliances, & parts (€1.54M), and Paper articles (€1.39M). In July 2024 the top imports of Portugal from Israel were Plastics & articles thereof (€1.23M), Optical, photo, & film equipment; medical... (€1.22M), Machinery, mechanical appliances, & parts (€534k), Electrical machinery and electronics (€406k), and Organic chemicals (€401k).

Growth In July 2024, the increase in Portugal's year-by-year exports to Israel was explained primarily by an increase in product exports in Live animals (€10.6M or 63.8%), Cars, tractors, trucks & parts thereof. (€791k or 104%), and Wood pulp & paper scrap (€645k or 44.4%). In July 2024, the decrease in Portugal's year-by-year imports  from Israel was explained primarily by an decrease in product imports  in Inorganic chemicals (€-2.51M or -97.9%), Plastics & articles thereof (€-455k or -27.1%), and Products of the milling industry (€-284k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€8.64M(40.1%)
IMPORT GROWTH (July 2023 - July 2024)€-925k(-13.7%)

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 Israel and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Israel and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $490M to Israel. The main products exported from Portugal to Israel were Bovine ($168M), Sheep and Goats ($81M), and Sulfate Chemical Woodpulp ($31.6M). During the last 5 years the exports of Portugal to Israel have increased at an annualized rate of 16.7%, from $226M in 2017 to $490M in 2022.

In 2017, Israel exported $129M to Portugal. The main products exported from Israel to Portugal were Cyclic Hydrocarbons ($33M), Phosphoric Acid ($11.5M), and Mixed Mineral or Chemical Fertilizers ($7.91M). During the last 5 years the exports of Israel to Portugal have increased at an annualized rate of 3.88%, from $107M in 2022 to $129M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Israel
Top DestinationUnited States$20.3B

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

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

In 2022, countries that imported more from Israel than Portugal included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

Comparative Advantage Portugal - Israel

Flow
Scale

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

During 2022, Portugal had a large net trade with Israel in the exports of Animal Products ($251M), Paper Goods ($58.5M), and Machines ($35.7M).

During 2017, Israel had a large net trade with Portugal in the exports of Chemical Products ($63.5M), Plastics and Rubbers ($20M), and Machines ($12.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Israel+$4.16MInsulated Wire
Top Product Potential Israel Portugal+$3.42MMedical Instruments

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

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

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