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2022
Flag → Flag
Exports $616MRnk 21 / 208
2022
Flag → Flag
Top Product $114MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $551MRnk 31 / 196
2022
Flag → Flag
Top Product $104MSunflower Seeds
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
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GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
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GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
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GDP PC$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Portugal-Romania Trade: In 2022, Portugal exported $616M to Romania. The main products that Portugal exported to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($114M), Insulated Wire ($42.5M), and Revolution Counters ($39.1M). Over the past 5 years the exports of Portugal to Romania have increased at an annualized rate of 5.86%, from $463M in 2017 to $616M in 2022.

In 2020, Portugal exported services to Romania worth $25.1M, with Travel ($25.1M) being the largest in terms of value.

Romania-Portugal Trade: In 2022, Romania exported $551M to Portugal. The main products that Romania exported to Portugal were Sunflower Seeds ($104M), Cars ($84.1M), and Corn ($75.9M). Over the past 5 years the exports of Romania to Portugal have increased at an annualized rate of 11.5%,  from $319M in 2017 to $551M in 2022.

In 2020, Romania exported services to Portugal worth $58.3M, with Transportation ($24.8M), Other business services ($9.48M), and Computer and information services ($8.68M) 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €36.7M and imported €25.1M from Romania, resulting in a positive trade balance of €11.7M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-8.85M (-19.4%) from €45.6M to €36.7M, while imports decreased by €-21M (-45.6%) from €46.1M to €25.1M.

Trade In August 2024, the top exports of Portugal to Romania were Electrical machinery and electronics (€10.2M), Cars, tractors, trucks & parts thereof. (€9.4M), Machinery, mechanical appliances, & parts (€4.94M), Optical, photo, & film equipment; medical... (€4.79M), and Coated, covered, & laminated fabrics for... (€2.36M). In August 2024 the top imports of Portugal from Romania were Cars, tractors, trucks & parts thereof. (€6.79M), Electrical machinery and electronics (€3.59M), Furniture, bedding, lamps, & prefab buildings (€2.57M), Machinery, mechanical appliances, & parts (€2.05M), and Plastics & articles thereof (€1.33M).

Growth In August 2024, the decrease in Portugal's year-by-year exports to Romania was explained primarily by an decrease in product exports in Wool & animal hair (€-683k or -48.6%), Beverages, spirits, & vinegar (€-153k or -73.9%), and Miscellaneous metal products (€-124k or -26%). In August 2024, the decrease in Portugal's year-by-year imports  from Romania was explained primarily by an decrease in product imports  in Oils seeds, oleaginous fruits, grains, straw... (€-11.7M or -99.6%), Animal or vegetable fats, oils, &... (€-5.74M or -100%), and Iron & steel (€-3.62M or -98.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-8.85M(-19.4%)
IMPORT GROWTH (August 2023 - August 2024)€-21M(-45.6%)

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 Romania and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Romania and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $616M to Romania. The main products exported from Portugal to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($114M), Insulated Wire ($42.5M), and Revolution Counters ($39.1M). During the last 5 years the exports of Portugal to Romania have increased at an annualized rate of 5.86%, from $463M in 2017 to $616M in 2022.

In 2017, Romania exported $551M to Portugal. The main products exported from Romania to Portugal were Sunflower Seeds ($104M), Cars ($84.1M), and Corn ($75.9M). During the last 5 years the exports of Romania to Portugal have increased at an annualized rate of 11.5%, from $319M in 2022 to $551M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Portugal than Romania included Spain ($20.5B), France ($9.49B), and United States ($5.66B).

In 2022, countries that imported more from Romania than Portugal included Germany ($18.8B), Hungary ($6.75B), and Italy ($9.55B).

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

Comparative Advantage Portugal - Romania

Flow
Scale

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

During 2022, Portugal had a large net trade with Romania in the exports of Machines ($186M), Transportation ($161M), and Textiles ($80M).

During 2017, Romania had a large net trade with Portugal in the exports of Vegetable Products ($196M), Transportation ($130M), and Machines ($87.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Romania+$21.1MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Romania Portugal+$33.3MCars

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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Bilateral Service Trade

In 2020, Portugal exported services to Romania worth $25.1M, with Travel ($25.1M) being the largest in terms of value.

In 2020, Romania exported services to Portugal worth $58.3M, with Transportation ($24.8M), Other business services ($9.48M), and Computer and information services ($8.68M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Romania (Flag) (2020)

Services Exports from Romania (Flag) to Portugal (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Portugal and Romania. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Portugal.

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

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