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2023
Flag → Flag
Exports $1.51BRnk 13 / 211
2023
Flag → Flag
Top Product $400MCars
2023
Flag → Flag
Exports $1.29BRnk 43 / 216
2023
Flag → Flag
Top Product $87.6MCars
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Portugal-Turkey Trade: In 2023, Portugal exported $1.51B to Turkey. The main products that Portugal exported to Turkey were Cars ($400M), Uncoated Paper ($114M), and Motor vehicles; parts and accessories (8701 to 8705) ($88.6M). Over the past 5 years the exports of Portugal to Turkey have increased at an annualized rate of 14.4%, from $771M in 2018 to $1.51B in 2023.

In 2020, Portugal exported services to Turkey worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Turkey-Portugal Trade: In 2023, Turkey exported $1.29B to Portugal. The main products that Turkey exported to Portugal were Cars ($87.6M), Tractors ($78.5M), and Non-Retail Pure Cotton Yarn ($75.1M). Over the past 5 years the exports of Turkey to Portugal have increased at an annualized rate of 2.64%,  from $1.13B in 2018 to $1.29B in 2023.

In 2008, Turkey exported services to Portugal worth $946k, with Other business services ($946k) 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €53.2M and imported €132M from Turkey, resulting in a negative trade balance of €79.3M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-21M (-28.3%) from €74.2M to €53.2M, while imports increased by €30.2M (29.5%) from €102M to €132M.

Trade In November 2024, the top exports of Portugal to Turkey were Cars, tractors, trucks & parts thereof. (€19.6M), Mineral fuels, mineral oils and products... (€16.2M), Organic chemicals (€10.6M), Wood pulp & paper scrap (€8.07M), and Paper articles (€5.47M). In November 2024 the top imports of Portugal from Turkey were Cars, tractors, trucks & parts thereof. (€31.5M), Inorganic chemicals (€11.1M), Machinery, mechanical appliances, & parts (€10.5M), Plastics & articles thereof (€6.14M), and Iron & steel (€5.7M).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Organic chemicals (€-7.68M or -42.1%), Food residues & wastes; animal fodder (€-4.92M or -100%), and Wood pulp & paper scrap (€-2.84M or -26%). In November 2024, the increase in Portugal's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€22.8M or 263%), Inorganic chemicals (€4.39M or 65.1%), and Machinery, mechanical appliances, & parts (€3.38M or 47.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-21M(-28.3%)
IMPORT GROWTH (November 2023 - November 2024)€30.2M(29.5%)

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 Turkey and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $1.51B to Turkey. The main products exported from Portugal to Turkey were Cars ($400M), Uncoated Paper ($114M), and Motor vehicles; parts and accessories (8701 to 8705) ($88.6M). During the last 5 years the exports of Portugal to Turkey have increased at an annualized rate of 14.4%, from $771M in 2018 to $1.51B in 2023.

In 2018, Turkey exported $1.29B to Portugal. The main products exported from Turkey to Portugal were Cars ($87.6M), Tractors ($78.5M), and Non-Retail Pure Cotton Yarn ($75.1M). During the last 5 years the exports of Turkey to Portugal have increased at an annualized rate of 2.64%, from $1.13B in 2023 to $1.29B in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Portugal than Turkey included Spain ($17.7B), Angola ($1.64B), and Cape Verde ($536M).

In 2023, countries that imported more from Turkey than Portugal included Germany ($24.7B), United Arab Emirates ($14.7B), and Iraq ($12.8B).

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

Comparative Advantage Portugal - Turkey

Flow
Scale

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

During 2023, Portugal had a large net trade with Turkey in the exports of Transportation ($505M), Machines ($308M), and Paper Goods ($209M).

During 2018, Turkey had a large net trade with Portugal in the exports of Transportation ($351M), Machines ($212M), and Textiles ($180M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Turkey+$69.4MCars
Top Product Potential Turkey Portugal+$55.1MCars

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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Economic Complexity

Competitive Landscape

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

Product Space of Portugal (Flag) and Turkey (Flag) (2023)

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