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2023
Flag → Flag
Exports $76.5MRnk 60 / 211
2023
Flag → Flag
Top Product $18.9MBuilding Stone
2023
Flag → Flag
Exports $553MRnk 45 / 142
2023
Flag → Flag
Top Product $175MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 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$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Portugal-Vietnam Trade: In 2023, Portugal exported $76.5M to Vietnam. The main products that Portugal exported to Vietnam were Building Stone ($18.9M), Other Furniture ($18.3M), and Packaged Medicaments ($5.71M). Over the past 5 years the exports of Portugal to Vietnam have increased at an annualized rate of 3.36%, from $64.9M in 2018 to $76.5M in 2023.

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

Vietnam-Portugal Trade: In 2023, Vietnam exported $553M to Portugal. The main products that Vietnam exported to Portugal were Broadcasting Equipment ($175M), Coated Flat-Rolled Iron ($94.1M), and Coffee ($36.3M). Over the past 5 years the exports of Vietnam to Portugal have increased at an annualized rate of 4.88%,  from $436M in 2018 to $553M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €4.6M and imported €28.4M from Vietnam, resulting in a negative trade balance of €23.8M. Between December 2023 and December 2024 the exports of Portugal have decreased by €-4.07M (-46.9%) from €8.66M to €4.6M, while imports decreased by €-6.13M (-17.7%) from €34.6M to €28.4M.

Trade In December 2024, the top exports of Portugal to Vietnam were Furniture, bedding, lamps, & prefab buildings (€5.25M), Stone, plaster, cement, asbestos, mica. (€1.76M), Wood, wood articles, & charcoal (€601k), Wood pulp & paper scrap (€419k), and Fish, Crustaceans & Molluscs (€295k). In December 2024 the top imports of Portugal from Vietnam were Iron & steel (€20M), Electrical machinery and electronics (€18.9M), Coffee, tea, mate & spices (€2.73M), Plastics & articles thereof (€1.83M), and Preparations of fish, crustacenas, & molluscs (€1.17M).

Growth In December 2024, the decrease in Portugal's year-by-year exports to Vietnam was explained primarily by an decrease in product exports in Footwear (€-188k or -66.6%), Raw hides & skin (non-fur) (€-130k or -87.5%), and Machinery, mechanical appliances, & parts (€-124k or -42.4%). In December 2024, the decrease in Portugal's year-by-year imports  from Vietnam was explained primarily by an decrease in product imports  in Electrical machinery and electronics (€-6.39M or -25.2%), Furniture, bedding, lamps, & prefab buildings (€-843k or -74.1%), and Coffee, tea, mate & spices (€-482k or -15%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€-4.07M(-46.9%)
IMPORT GROWTH (December 2023 - December 2024)€-6.13M(-17.7%)

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 2023, Portugal exported $76.5M to Vietnam. The main products exported from Portugal to Vietnam were Building Stone ($18.9M), Other Furniture ($18.3M), and Packaged Medicaments ($5.71M). During the last 5 years the exports of Portugal to Vietnam have increased at an annualized rate of 3.36%, from $64.9M in 2018 to $76.5M in 2023.

In 2018, Vietnam exported $553M to Portugal. The main products exported from Vietnam to Portugal were Broadcasting Equipment ($175M), Coated Flat-Rolled Iron ($94.1M), and Coffee ($36.3M). During the last 5 years the exports of Vietnam to Portugal have increased at an annualized rate of 4.88%, from $436M in 2023 to $553M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Vietnam
Top DestinationUnited States$118B

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 2023, countries that imported more from Portugal than Vietnam included Spain ($17.7B), France ($9.19B), and Angola ($1.64B).

In 2023, countries that imported more from Vietnam than Portugal included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

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 2023, Portugal had a large net trade with Vietnam in the exports of Miscellaneous ($23.5M), Stone And Glass ($19.7M), and Textiles ($7.34M).

During 2018, Vietnam had a large net trade with Portugal in the exports of Machines ($212M), Metals ($138M), and Plastics and Rubbers ($44.4M).

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) (2023)

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