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2022
Flag → Flag
Exports $195MRnk 41 / 208
2022
Flag → Flag
Top Product $64.4MRefined Petroleum
2022
Flag → Flag
Exports $650MRnk 41 / 138
2022
Flag → Flag
Top Product $302MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 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$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Portugal-Saudi Arabia Trade: In 2022, Portugal exported $195M to Saudi Arabia. The main products that Portugal exported to Saudi Arabia were Refined Petroleum ($64.4M), Cars ($9.52M), and Building Stone ($6.65M). Over the past 5 years the exports of Portugal to Saudi Arabia have decreased at an annualized rate of 2.15%, from $217M in 2017 to $195M in 2022.

In 2022, Portugal did not export any services to Saudi Arabia.

Saudi Arabia-Portugal Trade: In 2022, Saudi Arabia exported $650M to Portugal. The main products that Saudi Arabia exported to Portugal were Refined Petroleum ($302M), Cyclic Hydrocarbons ($222M), and Propylene Polymers ($106M). Over the past 5 years the exports of Saudi Arabia to Portugal have increased at an annualized rate of 1.5%,  from $604M in 2017 to $650M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

July, 2024

About

Overview In July 2024, Portugal exported €14.4M and imported €33.6M from Saudi Arabia, resulting in a negative trade balance of €19.2M. Between July 2023 and July 2024 the exports of Portugal have decreased by €-762k (-5.02%) from €15.2M to €14.4M, while imports decreased by €-8.78M (-20.7%) from €42.4M to €33.6M.

Trade In July 2024, the top exports of Portugal to Saudi Arabia were Furniture, bedding, lamps, & prefab buildings (€1.07M), Electrical machinery and electronics (€1.03M), Preparations of cereals, flour, starch or... (€1.03M), Cars, tractors, trucks & parts thereof. (€977k), and Machinery, mechanical appliances, & parts (€921k). In July 2024 the top imports of Portugal from Saudi Arabia were Mineral fuels, mineral oils and products... (€61.5M), Plastics & articles thereof (€5.38M), Inorganic chemicals (€235k), Footwear (€9.41k), and Electrical machinery and electronics (€5.94k).

Growth In July 2024, the decrease in Portugal's year-by-year exports to Saudi Arabia was explained primarily by an decrease in product exports in Stone, plaster, cement, asbestos, mica. (€-472k or -42.7%), Edible fruits, nuts & fruit peels (€-224k or -100%), and Coffee, tea, mate & spices (€-187k or -94.1%). In July 2024, the decrease in Portugal's year-by-year imports  from Saudi Arabia was explained primarily by an decrease in product imports  in Organic chemicals (€-22.4M or -100%), Plastics & articles thereof (€-10.7M or -66.6%), and Inorganic chemicals (€-629k or -72.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€-762k(-5.02%)
IMPORT GROWTH (July 2023 - July 2024)€-8.78M(-20.7%)

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 Saudi Arabia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Saudi Arabia and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $195M to Saudi Arabia. The main products exported from Portugal to Saudi Arabia were Refined Petroleum ($64.4M), Cars ($9.52M), and Building Stone ($6.65M). During the last 5 years the exports of Portugal to Saudi Arabia have decreased at an annualized rate of 2.15%, from $217M in 2017 to $195M in 2022.

In 2017, Saudi Arabia exported $650M to Portugal. The main products exported from Saudi Arabia to Portugal were Refined Petroleum ($302M), Cyclic Hydrocarbons ($222M), and Propylene Polymers ($106M). During the last 5 years the exports of Saudi Arabia to Portugal have increased at an annualized rate of 1.5%, from $604M in 2022 to $650M in 2017.

Exports from Portugal (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Saudi Arabia
Top DestinationChina$68B

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

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

In 2022, countries that imported more from Saudi Arabia than Portugal included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - Saudi Arabia

Flow
Scale

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

During 2022, Portugal had a large net trade with Saudi Arabia in the exports of Mineral Products ($64.9M), Machines ($18.6M), and Foodstuffs ($17.5M).

During 2017, Saudi Arabia had a large net trade with Portugal in the exports of Mineral Products ($302M), Chemical Products ($230M), and Plastics and Rubbers ($114M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Saudi Arabia+$25MRefined Petroleum
Top Product Potential Saudi Arabia Portugal+$69.1MRefined Petroleum

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

Product Space of Portugal (Flag) and Saudi Arabia (Flag) (2022)

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