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2022
Flag → Flag
Exports $80.1MRnk 59 / 208
2022
Flag → Flag
Top Product $10.8MIntegrated Circuits
2022
Flag → Flag
Exports $560MRnk 50 / 152
2022
Flag → Flag
Top Product $206MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 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$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Portugal-Vietnam Trade: In 2022, Portugal exported $80.1M to Vietnam. The main products that Portugal exported to Vietnam were Integrated Circuits ($10.8M), Packaged Medicaments ($6.02M), and Tanned Equine and Bovine Hides ($5.45M). Over the past 5 years the exports of Portugal to Vietnam have increased at an annualized rate of 7.17%, from $56.7M in 2017 to $80.1M in 2022.

In 2022, Portugal did not export any services to Vietnam.

Vietnam-Portugal Trade: In 2022, Vietnam exported $560M to Portugal. The main products that Vietnam exported to Portugal were Broadcasting Equipment ($206M), Coated Flat-Rolled Iron ($79.1M), and Coffee ($27.8M). Over the past 5 years the exports of Vietnam to Portugal have increased at an annualized rate of 7.75%,  from $358M in 2017 to $560M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €4.74M and imported €37.5M from Vietnam, resulting in a negative trade balance of €32.8M. Between June 2023 and June 2024 the exports of Portugal have decreased by €-2.42M (-33.8%) from €7.15M to €4.74M, while imports decreased by €-7.52M (-16.7%) from €45.1M to €37.5M.

Trade In June 2024, the top exports of Portugal to Vietnam were Stone, plaster, cement, asbestos, mica. (€492k), Machinery, mechanical appliances, & parts (€293k), Footwear (€282k), Raw hides & skin (non-fur) (€149k), and Electrical machinery and electronics (€130k). In June 2024 the top imports of Portugal from Vietnam were Electrical machinery and electronics (€25.3M), Iron & steel (€7.99M), Coffee, tea, mate & spices (€3.21M), Plastics & articles thereof (€1.66M), and Machinery, mechanical appliances, & parts (€1.6M).

Growth In June 2024, the decrease in Portugal's year-by-year exports to Vietnam was explained primarily by an decrease in product exports in Raw hides & skin (non-fur) (€-325k or -68.6%), Wood, wood articles, & charcoal (€-83.1k or -89.8%), and Paints, dyes, & varnishes (€-79.9k or -55.3%). In June 2024, the decrease in Portugal's year-by-year imports  from Vietnam was explained primarily by an decrease in product imports  in Preparations of fish, crustacenas, & molluscs (€-5.97M or -85.7%), Electrical machinery and electronics (€-1.97M or -7.21%), and Machinery, mechanical appliances, & parts (€-824k or -34%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€-2.42M(-33.8%)
IMPORT GROWTH (June 2023 - June 2024)€-7.52M(-16.7%)

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 Vietnam and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $80.1M to Vietnam. The main products exported from Portugal to Vietnam were Integrated Circuits ($10.8M), Packaged Medicaments ($6.02M), and Tanned Equine and Bovine Hides ($5.45M). During the last 5 years the exports of Portugal to Vietnam have increased at an annualized rate of 7.17%, from $56.7M in 2017 to $80.1M in 2022.

In 2017, Vietnam exported $560M to Portugal. The main products exported from Vietnam to Portugal were Broadcasting Equipment ($206M), Coated Flat-Rolled Iron ($79.1M), and Coffee ($27.8M). During the last 5 years the exports of Vietnam to Portugal have increased at an annualized rate of 7.75%, from $358M in 2022 to $560M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Portugal than Vietnam included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

In 2022, countries that imported more from Vietnam than Portugal included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Portugal - Vietnam

Flow
Scale

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

During 2022, Portugal had a large net trade with Vietnam in the exports of Machines ($31.9M), Textiles ($10M), and Chemical Products ($8.09M).

During 2017, Vietnam had a large net trade with Portugal in the exports of Machines ($262M), Metals ($97.8M), and Vegetable Products ($33.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Vietnam+$14.2MIntegrated Circuits
Top Product Potential Vietnam Portugal+$69MTelephones

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

Product Space of Portugal (Flag) and Vietnam (Flag) (2022)

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