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2023
Flag → Flag
Exports $963MRnk 17 / 211
2023
Flag → Flag
Top Product $109MCopper Ore
2023
Flag → Flag
Exports $1.14BRnk 28 / 216
2023
Flag → Flag
Top Product $153MDried/Salted/Smoked/Brined Fish
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
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GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195

About

Portugal-Sweden Trade: In 2023, Portugal exported $963M to Sweden. The main products that Portugal exported to Sweden were Copper Ore ($109M), Other Engines ($82.1M), and Revolution Counters ($67.9M). Over the past 5 years the exports of Portugal to Sweden have increased at an annualized rate of 5.03%, from $754M in 2018 to $963M in 2023.

In 2020, Portugal exported services to Sweden worth $90.2M, with Travel ($90.2M) being the largest in terms of value.

Sweden-Portugal Trade: In 2023, Sweden exported $1.14B to Portugal. The main products that Sweden exported to Portugal were Dried/Salted/Smoked/Brined Fish ($153M), Packaged Medicaments ($129M), and Cars ($100M). Over the past 5 years the exports of Sweden to Portugal have increased at an annualized rate of 4.91%,  from $897M in 2018 to $1.14B in 2023.

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 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €89.6M and imported €109M from Sweden, resulting in a negative trade balance of €19M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-10.4M (-10.4%) from €100M to €89.6M, while imports increased by €9.28M (9.35%) from €99.3M to €109M.

Trade In November 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 November 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 November 2024, the decrease in Portugal's year-by-year exports to Sweden was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-3.38M or -40.5%), Furniture, bedding, lamps, & prefab buildings (€-828k or -34.7%), and Used clothes & textile articles (€-583k or -26%). In November 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 (November 2023 - November 2024)€-10.4M(-10.4%)
IMPORT GROWTH (November 2023 - November 2024)€9.28M(9.35%)

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 2023, Portugal exported $963M to Sweden. The main products exported from Portugal to Sweden were Copper Ore ($109M), Other Engines ($82.1M), and Revolution Counters ($67.9M). During the last 5 years the exports of Portugal to Sweden have increased at an annualized rate of 5.03%, from $754M in 2018 to $963M in 2023.

In 2018, Sweden exported $1.14B to Portugal. The main products exported from Sweden to Portugal were Dried/Salted/Smoked/Brined Fish ($153M), Packaged Medicaments ($129M), and Cars ($100M). During the last 5 years the exports of Sweden to Portugal have increased at an annualized rate of 4.91%, from $897M in 2023 to $1.14B in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Sweden
Top DestinationGermany$18.4B

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 2023, countries that imported more from Portugal than Sweden included Spain ($17.7B), Angola ($1.64B), and Morocco ($1.65B).

In 2023, countries that imported more from Sweden than Portugal included Denmark ($14.4B), United States ($18.1B), and Norway ($10.9B).

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

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 2023, Portugal had a large net trade with Sweden in the exports of Machines ($249M), Mineral Products ($121M), and Transportation ($97.6M).

During 2018, Sweden had a large net trade with Portugal in the exports of Animal Products ($225M), Machines ($209M), and Transportation ($196M).

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, Portugal exported services to Sweden worth $90.2M, with Travel ($90.2M) being the largest in terms of value.

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 Portugal (Flag) to Sweden (Flag) (2020)

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) (2023)

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