NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $91MRnk 56 / 211
2023
Flag → Flag
Top Product $8.07MPlanes, Helicopters, and/or Spacecraft
2023
Flag → Flag
Exports $359MRnk 24 / 193
2023
Flag → Flag
Top Product $217MCorn
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 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$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Portugal-Ukraine Trade: In 2023, Portugal exported $91M to Ukraine. The main products that Portugal exported to Ukraine were Planes, Helicopters, and/or Spacecraft ($8.07M), Uncoated Paper ($6.89M), and Wine ($5.06M). Over the past 5 years the exports of Portugal to Ukraine have increased at an annualized rate of 7.55%, from $63.2M in 2018 to $91M in 2023.

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

Ukraine-Portugal Trade: In 2023, Ukraine exported $359M to Portugal. The main products that Ukraine exported to Portugal were Corn ($217M), Wheat ($38M), and Sunflower Seeds ($22.2M). Over the past 5 years the exports of Ukraine to Portugal have increased at an annualized rate of 3.73%,  from $299M in 2018 to $359M in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €12.3M and imported €17.1M from Ukraine, resulting in a negative trade balance of €4.83M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-77.2k (-0.63%) from €12.3M to €12.3M, while imports decreased by €-39.5M (-69.8%) from €56.6M to €17.1M.

Trade In November 2024, the top exports of Portugal to Ukraine were Cork & cork articles (€447k), Iron/Steel Articles (€274k), Beverages, spirits, & vinegar (€221k), Electrical machinery and electronics (€173k), and Tobacco & substitutes (€170k). In November 2024 the top imports of Portugal from Ukraine were Cereals (€29.9M), Animal or vegetable fats, oils, &... (€10.2M), Oils seeds, oleaginous fruits, grains, straw... (€5.06M), Furskins, articifial fur, & articles (€603k), and Wood, wood articles, & charcoal (€449k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Ukraine was explained primarily by an decrease in product exports in Paper articles (€-924k or -96.1%), Beverages, spirits, & vinegar (€-410k or -64.9%), and Pharmaceutical products (€-145k or -100%). In November 2024, the decrease in Portugal's year-by-year imports  from Ukraine was explained primarily by an decrease in product imports  in Oils seeds, oleaginous fruits, grains, straw... (€-3.36M or -39.9%), Iron & steel (€-3M or -100%), and Edible vegetables, roots, & tubers (€-232k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-77.2k(-0.63%)
IMPORT GROWTH (November 2023 - November 2024)€-39.5M(-69.8%)

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 Ukraine and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ukraine and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $91M to Ukraine. The main products exported from Portugal to Ukraine were Planes, Helicopters, and/or Spacecraft ($8.07M), Uncoated Paper ($6.89M), and Wine ($5.06M). During the last 5 years the exports of Portugal to Ukraine have increased at an annualized rate of 7.55%, from $63.2M in 2018 to $91M in 2023.

In 2018, Ukraine exported $359M to Portugal. The main products exported from Ukraine to Portugal were Corn ($217M), Wheat ($38M), and Sunflower Seeds ($22.2M). During the last 5 years the exports of Ukraine to Portugal have increased at an annualized rate of 3.73%, from $299M in 2023 to $359M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Portugal than Ukraine included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Ukraine than Portugal included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

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

Comparative Advantage Portugal - Ukraine

Flow
Scale

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

During 2023, Portugal had a large net trade with Ukraine in the exports of Machines ($20M), Transportation ($13.3M), and Foodstuffs ($13M).

During 2018, Ukraine had a large net trade with Portugal in the exports of Vegetable Products ($289M), Metals ($27.2M), and Animal and Vegetable Bi-Products ($15.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Ukraine+$2.08MUncoated Paper
Top Product Potential Ukraine Portugal+$10.2MCorn

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms