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2022
Flag → Flag
Exports $412MRnk 37 / 208
2022
Flag → Flag
Top Product $63.4MKnitting Machine Accessories
2022
Flag → Flag
Exports $403MRnk 55 / 215
2022
Flag → Flag
Top Product $171MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 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$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Portugal-Singapore Trade: In 2022, Portugal exported $412M to Singapore. The main products that Portugal exported to Singapore were Knitting Machine Accessories ($63.4M), Integrated Circuits ($56.8M), and Refined Petroleum ($30.8M). Over the past 5 years the exports of Portugal to Singapore have increased at an annualized rate of 56.8%, from $43.5M in 2017 to $412M in 2022.

In 2003, Portugal exported services to Singapore worth $6.26M, with Services not allocated ($6.26M) being the largest in terms of value.

Singapore-Portugal Trade: In 2022, Singapore exported $403M to Portugal. The main products that Singapore exported to Portugal were Integrated Circuits ($171M), Gas Turbines ($124M), and Packaged Medicaments ($25.5M). Over the past 5 years the exports of Singapore to Portugal have increased at an annualized rate of 45.8%,  from $61.3M in 2017 to $403M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

March, 2024

About

Overview In March 2024, Portugal exported €5.1M and imported €22M from Singapore, resulting in a negative trade balance of €16.8M. Between March 2023 and March 2024 the exports of Portugal have decreased by €-2.68M (-34.4%) from €7.78M to €5.1M, while imports increased by €6.46M (41.7%) from €15.5M to €22M.

Trade In March 2024, the top exports of Portugal to Singapore were Electrical machinery and electronics (€3.39M), Beverages, spirits, & vinegar (€311k), Pharmaceutical products (€92.2k), Plastics & articles thereof (€91.5k), and Rubber & articles thereof (€89.3k). In March 2024 the top imports of Portugal from Singapore were Electrical machinery and electronics (€15.6M), Pharmaceutical products (€2.35M), Rubber & articles thereof (€646k), Machinery, mechanical appliances, & parts (€372k), and Preparations of cereals, flour, starch or... (€220k).

Growth In March 2024, the decrease in Portugal's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Electrical machinery and electronics (€-381k or -10.1%), Edible products of animal origin, n.e.s. (€-243k or -100%), and Paints, dyes, & varnishes (€-124k or -99.5%). In March 2024, the increase in Portugal's year-by-year imports  from Singapore was explained primarily by an increase in product imports  in Electrical machinery and electronics (€10.5M or 205%), Pharmaceutical products (€1.07M or 83.1%), and Rubber & articles thereof (€599k or 1.28k%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (March 2023 - March 2024)€-2.68M(-34.4%)
IMPORT GROWTH (March 2023 - March 2024)€6.46M(41.7%)

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 Singapore and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $412M to Singapore. The main products exported from Portugal to Singapore were Knitting Machine Accessories ($63.4M), Integrated Circuits ($56.8M), and Refined Petroleum ($30.8M). During the last 5 years the exports of Portugal to Singapore have increased at an annualized rate of 56.8%, from $43.5M in 2017 to $412M in 2022.

In 2017, Singapore exported $403M to Portugal. The main products exported from Singapore to Portugal were Integrated Circuits ($171M), Gas Turbines ($124M), and Packaged Medicaments ($25.5M). During the last 22 years the exports of Singapore to Portugal have increased at an annualized rate of 45.8%, from $61.3M in 1995 to $403M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Portugal than Singapore included Spain ($20.5B), France ($9.49B), and Italy ($3.61B).

In 2022, countries that imported more from Singapore than Portugal included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Portugal - Singapore

Flow
Scale

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

During 2022, Portugal had a large net trade with Singapore in the exports of Machines ($184M), Mineral Products ($31.4M), and Chemical Products ($16M).

During 2017, Singapore had a large net trade with Portugal in the exports of Machines ($312M), Chemical Products ($26.9M), and Plastics and Rubbers ($9.06M).

Economic Complexity

Competitive Landscape

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

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

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