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2023
Flag → Flag
Exports $316MRnk 36 / 211
2023
Flag → Flag
Top Product $64.8MCars
2023
Flag → Flag
Exports $262MRnk 53 / 211
2023
Flag → Flag
Top Product $92.2MCitrus
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.07Rnk 59 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH-5.04%CURRENT US$
Rnk 177 / 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$6,023CURRENT US$
Rnk 113 / 196
2013-2023
Flag
GDP PC GROWTH-17.9%CURRENT US$
Rnk 178 / 195

About

Portugal-South Africa Trade: In 2023, Portugal exported $316M to South Africa. The main products that Portugal exported to South Africa were Cars ($64.8M), Delivery Trucks ($42.3M), and Insulated Wire ($28.5M). Over the past 5 years the exports of Portugal to South Africa have increased at an annualized rate of 4.92%, from $249M in 2018 to $316M in 2023.

In 2020, Portugal exported services to South Africa worth $24M, with Travel ($24M) being the largest in terms of value.

South Africa-Portugal Trade: In 2023, South Africa exported $262M to Portugal. The main products that South Africa exported to Portugal were Citrus ($92.2M), Cars ($34.3M), and Propylene Polymers ($22.2M). Over the past 5 years the exports of South Africa to Portugal have decreased at an annualized rate of 2.62%,  from $299M in 2018 to $262M in 2023.

In 2023, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €20.3M and imported €9.74M from South Africa, resulting in a positive trade balance of €10.6M. Between November 2023 and November 2024 the exports of Portugal have increased by €7.97M (64.4%) from €12.4M to €20.3M, while imports decreased by €-5.87M (-37.6%) from €15.6M to €9.74M.

Trade In November 2024, the top exports of Portugal to South Africa were Cars, tractors, trucks & parts thereof. (€16.9M), Electrical machinery and electronics (€6.24M), Animal or vegetable fats, oils, &... (€6.11M), Plastics & articles thereof (€1.32M), and Machinery, mechanical appliances, & parts (€1.02M). In November 2024 the top imports of Portugal from South Africa were Plastics & articles thereof (€3.97M), Fish, Crustaceans & Molluscs (€2.76M), Cars, tractors, trucks & parts thereof. (€437k), Edible fruits, nuts & fruit peels (€342k), and Oils seeds, oleaginous fruits, grains, straw... (€293k).

Growth In November 2024, the increase in Portugal's year-by-year exports to South Africa was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€14.5M or 586%), Animal or vegetable fats, oils, &... (€5.36M or 715%), and Electrical machinery and electronics (€4.69M or 303%). In November 2024, the decrease in Portugal's year-by-year imports  from South Africa was explained primarily by an decrease in product imports  in Organic chemicals (€-720k or -100%), Iron & steel (€-292k or -90%), and Machinery, mechanical appliances, & parts (€-205k or -77.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€7.97M(64.4%)
IMPORT GROWTH (November 2023 - November 2024)€-5.87M(-37.6%)

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 South Africa and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Africa and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $316M to South Africa. The main products exported from Portugal to South Africa were Cars ($64.8M), Delivery Trucks ($42.3M), and Insulated Wire ($28.5M). During the last 5 years the exports of Portugal to South Africa have increased at an annualized rate of 4.92%, from $249M in 2018 to $316M in 2023.

In 2018, South Africa exported $262M to Portugal. The main products exported from South Africa to Portugal were Citrus ($92.2M), Cars ($34.3M), and Propylene Polymers ($22.2M). During the last 5 years the exports of South Africa to Portugal have decreased at an annualized rate of 2.62%, from $299M in 2023 to $262M in 2018.

Exports from Portugal (Flag) to South Africa (Flag) (2023)

Exports from South Africa (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
South Africa
Top DestinationChina$29.5B

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

In 2023, countries that imported more from Portugal than South Africa included Spain ($17.7B), France ($9.19B), and Morocco ($1.65B).

In 2023, countries that imported more from South Africa than Portugal included China ($29.5B), India ($10.8B), and Japan ($7.34B).

Difference in imports from South Africa (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - South Africa

Flow
Scale

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

During 2023, Portugal had a large net trade with South Africa in the exports of Transportation ($113M), Machines ($90M), and Plastics and Rubbers ($18.4M).

During 2018, South Africa had a large net trade with Portugal in the exports of Vegetable Products ($127M), Transportation ($34.8M), and Plastics and Rubbers ($29.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal South Africa+$25.4MCars
Top Product Potential South Africa Portugal+$24.6MCars

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

Product Space of Portugal (Flag) and South Africa (Flag) (2023)

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