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2022
Flag → Flag
Exports $1.03BRnk 13 / 208
2022
Flag → Flag
Top Product $78.9MCopper Ore
2022
Flag → Flag
Exports $1BRnk 29 / 217
2022
Flag → Flag
Top Product $203MFish: dried, salted, smoked or in brine
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 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$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Portugal-Sweden Trade: In 2022, Portugal exported $1.03B to Sweden. The main products that Portugal exported to Sweden were Copper Ore ($78.9M), Cars ($69.2M), and Other Engines ($58.7M). Over the past 5 years the exports of Portugal to Sweden have increased at an annualized rate of 12.1%, from $581M in 2017 to $1.03B in 2022.

In 2022, Portugal did not export any services to Sweden.

Sweden-Portugal Trade: In 2022, Sweden exported $1B to Portugal. The main products that Sweden exported to Portugal were Fish: dried, salted, smoked or in brine ($203M), Packaged Medicaments ($103M), and Non-fillet Fresh Fish ($61.4M). Over the past 5 years the exports of Sweden to Portugal have increased at an annualized rate of 1.69%,  from $766M in 2017 to $1B in 2022.

In 2020, Sweden exported services to Portugal worth $168M, with Other business services ($54.1M), Computer and information services ($46M), and Personal, cultural, and recreational services ($29.2M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €79M and imported €61.4M from Sweden, resulting in a positive trade balance of €17.6M. Between August 2023 and August 2024 the exports of Portugal have increased by €2.28M (2.98%) from €76.8M to €79M, while imports increased by €17.8M (40.7%) from €43.7M to €61.4M.

Trade In August 2024, the top exports of Portugal to Sweden were Electrical machinery and electronics (€16.7M), Machinery, mechanical appliances, & parts (€11M), Optical, photo, & film equipment; medical... (€6.43M), Knitted clothing accesories (€5.9M), and Cars, tractors, trucks & parts thereof. (€4.97M). In August 2024 the top imports of Portugal from Sweden were Mineral fuels, mineral oils and products... (€20.8M), Fish, crustaceans, & molluscs (€13.8M), Cars, tractors, trucks & parts thereof. (€13.2M), Pharmaceutical products (€11.5M), and Machinery, mechanical appliances, & parts (€7.19M).

Growth In August 2024, the increase in Portugal's year-by-year exports to Sweden was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€8.25M or 299%), Electrical machinery and electronics (€6.07M or 57.3%), and Iron & steel (€2.74M or 569%). In August 2024, the increase in Portugal's year-by-year imports  from Sweden was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... (€20.6M or 8.11k%), Pharmaceutical products (€4.23M or 58.1%), and Fish, crustaceans, & molluscs (€3.26M or 31%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€2.28M(2.98%)
IMPORT GROWTH (August 2023 - August 2024)€17.8M(40.7%)

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 Sweden and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sweden and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $1.03B to Sweden. The main products exported from Portugal to Sweden were Copper Ore ($78.9M), Cars ($69.2M), and Other Engines ($58.7M). During the last 5 years the exports of Portugal to Sweden have increased at an annualized rate of 12.1%, from $581M in 2017 to $1.03B in 2022.

In 2017, Sweden exported $1B to Portugal. The main products exported from Sweden to Portugal were Fish: dried, salted, smoked or in brine ($203M), Packaged Medicaments ($103M), and Non-fillet Fresh Fish ($61.4M). During the last 5 years the exports of Sweden to Portugal have increased at an annualized rate of 1.69%, from $766M in 2022 to $1B in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Sweden
Top DestinationGermany$19.2B

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

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

In 2022, countries that imported more from Sweden than Portugal included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

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

Comparative Advantage Portugal - Sweden

Flow
Scale

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

During 2022, Portugal had a large net trade with Sweden in the exports of Machines ($237M), Transportation ($117M), and Textiles ($116M).

During 2017, Sweden had a large net trade with Portugal in the exports of Animal Products ($275M), Machines ($183M), and Chemical Products ($151M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Sweden+$40.7MCars
Top Product Potential Sweden Portugal+$38.1MCars

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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Bilateral Service Trade

In 2020, Sweden exported services to Portugal worth $168M, with Other business services ($54.1M), Computer and information services ($46M), and Personal, cultural, and recreational services ($29.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (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 Sweden. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Portugal.

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

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