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2023
Flag → Flag
Exports $88.3MRnk 57 / 211
2023
Flag → Flag
Top Product $9.74MRolled Tobacco
2023
Flag → Flag
Exports $48.9MRnk 46 / 159
2023
Flag → Flag
Top Product $30.3MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 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$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

Portugal-Kuwait Trade: In 2023, Portugal exported $88.3M to Kuwait. The main products that Portugal exported to Kuwait were Rolled Tobacco ($9.74M), Cars ($9.28M), and Building Stone ($7.36M). Over the past 5 years the exports of Portugal to Kuwait have increased at an annualized rate of 6.73%, from $63.8M in 2018 to $88.3M in 2023.

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

Kuwait-Portugal Trade: In 2023, Kuwait exported $48.9M to Portugal. The main products that Kuwait exported to Portugal were Refined Petroleum ($30.3M), Sulfonated, Nitrated or Nitrosated Hydrocarbons ($10.2M), and Ethylene Polymers ($4.23M). Over the past 5 years the exports of Kuwait to Portugal have decreased at an annualized rate of 15.2%,  from $111M in 2018 to $48.9M in 2023.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €4.4M and imported €1.26M from Kuwait, resulting in a positive trade balance of €3.14M. Between November 2023 and November 2024 the exports of Portugal have increased by €1.06M (31.8%) from €3.34M to €4.4M, while imports increased by €828k (191%) from €434k to €1.26M.

Trade In November 2024, the top exports of Portugal to Kuwait were Preparations of vegetables, fruit, nuts or... (€793k), Tobacco & substitutes (€639k), Electrical machinery and electronics (€541k), Stone, plaster, cement, asbestos, mica. (€463k), and Perfumery & cosmetics (€207k). In November 2024 the top imports of Portugal from Kuwait were Plastics & articles thereof (€778k), Animal or vegetable fats, oils, &... (€192k), Knitted clothing accesories (€3.46k), Footwear (€1.12k), and Optical, photo, & film equipment; medical... (€1.09k).

Growth In November 2024, the increase in Portugal's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Preparations of vegetables, fruit, nuts or... (€567k or 250%), Electrical machinery and electronics (€444k or 454%), and Stone, plaster, cement, asbestos, mica. (€171k or 58.4%). In November 2024, the increase in Portugal's year-by-year imports  from Kuwait was explained primarily by an increase in product imports  in Optical, photo, & film equipment; medical... (€693 or 173%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€1.06M(31.8%)
IMPORT GROWTH (November 2023 - November 2024)€828k(191%)

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 Kuwait and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $88.3M to Kuwait. The main products exported from Portugal to Kuwait were Rolled Tobacco ($9.74M), Cars ($9.28M), and Building Stone ($7.36M). During the last 5 years the exports of Portugal to Kuwait have increased at an annualized rate of 6.73%, from $63.8M in 2018 to $88.3M in 2023.

In 2018, Kuwait exported $48.9M to Portugal. The main products exported from Kuwait to Portugal were Refined Petroleum ($30.3M), Sulfonated, Nitrated or Nitrosated Hydrocarbons ($10.2M), and Ethylene Polymers ($4.23M). During the last 5 years the exports of Kuwait to Portugal have decreased at an annualized rate of 15.2%, from $111M in 2023 to $48.9M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Kuwait
Top DestinationChina$17.4B

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

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

In 2023, countries that imported more from Kuwait than Portugal included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Comparative Advantage Portugal - Kuwait

Flow
Scale

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

During 2023, Portugal had a large net trade with Kuwait in the exports of Textiles ($25.8M), Foodstuffs ($14.5M), and Transportation ($10M).

During 2018, Kuwait had a large net trade with Portugal in the exports of Mineral Products ($30.3M), Chemical Products ($10.2M), and Plastics and Rubbers ($5.32M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Kuwait+$5.21MCars
Top Product Potential Kuwait Portugal+$3.98MCyclic Hydrocarbons

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

Product Space of Portugal (Flag) and Kuwait (Flag) (2023)

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