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Pricing

2022
Flag → Flag
Exports $5.66BRnk 4 / 208
2022
Flag → Flag
Top Product $1.15BRefined Petroleum
2022
Flag → Flag
Exports $3.24BRnk 57 / 219
2022
Flag → Flag
Top Product $1.78BPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Portugal-United States Trade: In 2022, Portugal exported $5.66B to United States. The main products that Portugal exported to United States were Refined Petroleum ($1.15B), Unpackaged Medicaments ($432M), and Rubber Tires ($361M). Over the past 5 years the exports of Portugal to United States have increased at an annualized rate of 10.9%, from $3.38B in 2017 to $5.66B in 2022.

In 2020, Portugal exported services to United States worth $1.21B, with Transportation ($416M), Other business services ($378M), and Travel ($358M) being the largest in terms of value.

United States-Portugal Trade: In 2022, United States exported $3.24B to Portugal. The main products that United States exported to Portugal were Petroleum Gas ($1.78B), Crude Petroleum ($329M), and Soybeans ($141M). Over the past 5 years the exports of United States to Portugal have increased at an annualized rate of 23.3%,  from $1.14B in 2017 to $3.24B in 2022.

In 2017, United States exported services to Portugal worth $997M, with Travel ($439M), Transportation ($215M), and Financial services ($128M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €364M and imported €162M from United States, resulting in a positive trade balance of €202M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-55.9M (-13.3%) from €419M to €364M, while imports increased by €49.8M (44.6%) from €112M to €162M.

Trade In August 2024, the top exports of Portugal to United States were Mineral fuels, mineral oils and products... (€91.7M), Pharmaceutical products (€26.1M), Electrical machinery and electronics (€24.3M), Rubber & articles thereof (€17.2M), and Machinery, mechanical appliances, & parts (€17.1M). In August 2024 the top imports of Portugal from United States were Mineral fuels, mineral oils and products... (€189M), Oils seeds, oleaginous fruits, grains, straw... (€26.7M), Machinery, mechanical appliances, & parts (€10.1M), Plastics & articles thereof (€10M), and Electrical machinery and electronics (€6.99M).

Growth In August 2024, the decrease in Portugal's year-by-year exports to United States was explained primarily by an decrease in product exports in Rubber & articles thereof (€-3.67M or -17.5%), Iron or steel articles (€-3.51M or -28%), and Preparations of vegetables, fruit, nuts or... (€-1.92M or -67.8%). In August 2024, the increase in Portugal's year-by-year imports  from United States was explained primarily by an increase in product imports  in Plastics & articles thereof (€6.88M or 218%), Machinery, mechanical appliances, & parts (€5.68M or 128%), and Organic chemicals (€4.79M or 459%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-55.9M(-13.3%)
IMPORT GROWTH (August 2023 - August 2024)€49.8M(44.6%)

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 United States and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $5.66B to United States. The main products exported from Portugal to United States were Refined Petroleum ($1.15B), Unpackaged Medicaments ($432M), and Rubber Tires ($361M). During the last 5 years the exports of Portugal to United States have increased at an annualized rate of 10.9%, from $3.38B in 2017 to $5.66B in 2022.

In 2017, United States exported $3.24B to Portugal. The main products exported from United States to Portugal were Petroleum Gas ($1.78B), Crude Petroleum ($329M), and Soybeans ($141M). During the last 5 years the exports of United States to Portugal have increased at an annualized rate of 23.3%, from $1.14B in 2022 to $3.24B in 2017.

Exports from Portugal (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Portugal than United States included Angola ($1.59B), Gibraltar ($561M), and Cape Verde ($407M).

In 2022, countries that imported more from United States than Portugal included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - United States

Flow
Scale

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

During 2022, Portugal had a large net trade with United States in the exports of Mineral Products ($1.2B), Chemical Products ($785M), and Machines ($640M).

During 2017, United States had a large net trade with Portugal in the exports of Mineral Products ($2.17B), Machines ($223M), and Transportation ($192M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal United States+$165MRefined Petroleum
Top Product Potential United States Portugal+$309MCrude Petroleum

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

Product Space of Portugal (Flag) and United States (Flag) (2022)

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