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2023
Flag → Flag
Exports $106MRnk 52 / 211
2023
Flag → Flag
Top Product $17.5MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $271MRnk 59 / 216
2023
Flag → Flag
Top Product $49.2MAir Conditioners
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Portugal-Thailand Trade: In 2023, Portugal exported $106M to Thailand. The main products that Portugal exported to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($17.5M), Knit T-shirts ($9.12M), and Cellulose Fibers Paper ($6.35M). Over the past 5 years the exports of Portugal to Thailand have increased at an annualized rate of 7.98%, from $72.2M in 2018 to $106M in 2023.

In 2003, Portugal exported services to Thailand worth $1.58M, with Services not allocated ($1.58M) being the largest in terms of value.

Thailand-Portugal Trade: In 2023, Thailand exported $271M to Portugal. The main products that Thailand exported to Portugal were Air Conditioners ($49.2M), Computers ($33.2M), and Printed Circuit Boards ($22.5M). Over the past 5 years the exports of Thailand to Portugal have increased at an annualized rate of 4.22%,  from $212M in 2018 to $271M in 2023.

In 2023, Thailand did not export any services to Portugal.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €4.19M and imported €13.3M from Thailand, resulting in a negative trade balance of €9.07M. Between November 2023 and November 2024 the exports of Portugal have increased by €922k (28.2%) from €3.27M to €4.19M, while imports decreased by €-2.41M (-15.4%) from €15.7M to €13.3M.

Trade In November 2024, the top exports of Portugal to Thailand were Cars, tractors, trucks & parts thereof. (€788k), Plastics & articles thereof (€300k), Food residues & wastes; animal fodder (€250k), Copper articles (€233k), and Machinery, mechanical appliances, & parts (€219k). In November 2024 the top imports of Portugal from Thailand were Machinery, mechanical appliances, & parts (€11.3M), Rubber & articles thereof (€2.91M), Electrical machinery and electronics (€2.54M), Cars, tractors, trucks & parts thereof. (€1.84M), and Plastics & articles thereof (€1.06M).

Growth In November 2024, the increase in Portugal's year-by-year exports to Thailand was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€385k or 95.4%), Copper articles (€141k or 154%), and Plastics & articles thereof (€140k or 87.5%). In November 2024, the decrease in Portugal's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Furniture, bedding, lamps, & prefab buildings (€-719k or -97.9%), Preparations of fish, crustacenas, & molluscs (€-521k or -78%), and Electrical machinery and electronics (€-468k or -15.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€922k(28.2%)
IMPORT GROWTH (November 2023 - November 2024)€-2.41M(-15.4%)

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 Thailand and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Portugal Data

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Historical Data

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Portugal than Thailand included Spain ($17.7B), France ($9.19B), and Italy ($3.83B).

In 2023, countries that imported more from Thailand than Portugal included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Thailand+$15.5MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Thailand Portugal+$19.6MIntegrated Circuits

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

Product Space of Portugal (Flag) and Thailand (Flag) (NaN)

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