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Pricing

2022
Flag → Flag
Exports $69.9MRnk 65 / 208
2022
Flag → Flag
Top Product $10.1MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $240MRnk 64 / 218
2022
Flag → Flag
Top Product $23.6MAir Pumps
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Portugal-Thailand Trade: In 2022, Portugal exported $69.9M to Thailand. The main products that Portugal exported to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($10.1M), Cellulose Fibers Paper ($5.69M), and Animal Meal and Pellets ($2.75M). Over the past 5 years the exports of Portugal to Thailand have increased at an annualized rate of 6.49%, from $51M in 2017 to $69.9M in 2022.

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 2022, Thailand exported $240M to Portugal. The main products that Thailand exported to Portugal were Air Pumps ($23.6M), Printed Circuit Boards ($20.7M), and Rubber Tires ($20.2M). Over the past 5 years the exports of Thailand to Portugal have increased at an annualized rate of 5%,  from $188M in 2017 to $240M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

July, 2024

About

Overview In July 2024, Portugal exported €5.22M and imported €18.7M from Thailand, resulting in a negative trade balance of €13.5M. Between July 2023 and July 2024 the exports of Portugal have increased by €2.85M (120%) from €2.37M to €5.22M, while imports increased by €1.58M (9.28%) from €17.1M to €18.7M.

Trade In July 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 July 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 July 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 July 2024, the increase in Portugal's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Machinery, mechanical appliances, & parts (€7.47M or 196%), Cars, tractors, trucks & parts thereof. (€620k or 51%), and Iron & steel (€403k or 382%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€2.85M(120%)
IMPORT GROWTH (July 2023 - July 2024)€1.58M(9.28%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $69.9M to Thailand. The main products exported from Portugal to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($10.1M), Cellulose Fibers Paper ($5.69M), and Animal Meal and Pellets ($2.75M). During the last 5 years the exports of Portugal to Thailand have increased at an annualized rate of 6.49%, from $51M in 2017 to $69.9M in 2022.

In 2017, Thailand exported $240M to Portugal. The main products exported from Thailand to Portugal were Air Pumps ($23.6M), Printed Circuit Boards ($20.7M), and Rubber Tires ($20.2M). During the last 5 years the exports of Thailand to Portugal have increased at an annualized rate of 5%, from $188M in 2022 to $240M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Thailand than Portugal included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Portugal - Thailand

Flow
Scale

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

During 2022, Portugal had a large net trade with Thailand in the exports of Machines ($18.9M), Transportation ($10.7M), and Textiles ($6.62M).

During 2017, Thailand had a large net trade with Portugal in the exports of Machines ($108M), Plastics and Rubbers ($55.1M), and Transportation ($21.4M).

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) (2022)

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