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2022
Flag → Flag
Exports $316MRnk 33 / 208
2022
Flag → Flag
Top Product $96.5MCars
2022
Flag → Flag
Exports $675MRnk 56 / 211
2022
Flag → Flag
Top Product $103MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 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$33,815CURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

About

Portugal-Japan Trade: In 2022, Portugal exported $316M to Japan. The main products that Portugal exported to Japan were Cars ($96.5M), Processed Tomatoes ($45.8M), and Wine ($8.7M). Over the past 5 years the exports of Portugal to Japan have increased at an annualized rate of 6.77%, from $228M in 2017 to $316M in 2022.

In 2020, Portugal exported services to Japan worth $13.7M, with Travel ($13.7M) being the largest in terms of value.

Japan-Portugal Trade: In 2022, Japan exported $675M to Portugal. The main products that Japan exported to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($103M), Hot-Rolled Iron ($72M), and Cars ($63.9M). Over the past 5 years the exports of Japan to Portugal have increased at an annualized rate of 4.82%,  from $463M in 2017 to $675M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Latest Trends

July, 2024

About

Overview In July 2024, Portugal exported €27.2M and imported €64.5M from Japan, resulting in a negative trade balance of €37.3M. Between July 2023 and July 2024 the exports of Portugal have decreased by €-24.5M (-47.3%) from €51.7M to €27.2M, while imports increased by €8.28M (14.7%) from €56.2M to €64.5M.

Trade In July 2024, the top exports of Portugal to Japan were Cars, tractors, trucks & parts thereof. (€32.5M), Preparations of vegetables, fruit, nuts or... (€6.81M), Machinery, mechanical appliances, & parts (€4.86M), Electrical machinery and electronics (€1.14M), and Optical, photo, & film equipment; medical... (€662k). In July 2024 the top imports of Portugal from Japan were Cars, tractors, trucks & parts thereof. (€9.95M), Iron & steel (€7.3M), Machinery, mechanical appliances, & parts (€6.21M), Electrical machinery and electronics (€5.67M), and Optical, photo, & film equipment; medical... (€1.91M).

Growth In July 2024, the decrease in Portugal's year-by-year exports to Japan was explained primarily by an decrease in product exports in Organic chemicals (€-490k or -62.8%), Footwear (€-404k or -45.1%), and Beverages, spirits, & vinegar (€-398k or -53%). In July 2024, the increase in Portugal's year-by-year imports  from Japan was explained primarily by an increase in product imports  in Iron & steel (€7M or 2.35k%), Electrical machinery and electronics (€1.38M or 32.1%), and Optical, photo, & film equipment; medical... (€677k or 55%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€-24.5M(-47.3%)
IMPORT GROWTH (July 2023 - July 2024)€8.28M(14.7%)

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 Japan and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Japan and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $316M to Japan. The main products exported from Portugal to Japan were Cars ($96.5M), Processed Tomatoes ($45.8M), and Wine ($8.7M). During the last 5 years the exports of Portugal to Japan have increased at an annualized rate of 6.77%, from $228M in 2017 to $316M in 2022.

In 2017, Japan exported $675M to Portugal. The main products exported from Japan to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($103M), Hot-Rolled Iron ($72M), and Cars ($63.9M). During the last 5 years the exports of Japan to Portugal have increased at an annualized rate of 4.82%, from $463M in 2022 to $675M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Japan
Top DestinationUnited States$137B

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

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

In 2022, countries that imported more from Japan than Portugal included China ($135B), United States ($137B), and South Korea ($50.8B).

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

Comparative Advantage Portugal - Japan

Flow
Scale

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

During 2022, Portugal had a large net trade with Japan in the exports of Transportation ($101M), Foodstuffs ($57.2M), and Machines ($29.5M).

During 2017, Japan had a large net trade with Portugal in the exports of Transportation ($254M), Machines ($163M), and Metals ($113M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Japan+$60.2MCars
Top Product Potential Japan Portugal+$68.1MCars

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

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

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