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2022
Flag → Flag
Exports $330MRnk 31 / 208
2022
Flag → Flag
Top Product $93.2MCars
2022
Flag → Flag
Exports $242MRnk 55 / 214
2022
Flag → Flag
Top Product $80.3MCitrus
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 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$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186

About

Portugal-South Africa Trade: In 2022, Portugal exported $330M to South Africa. The main products that Portugal exported to South Africa were Cars ($93.2M), Delivery Trucks ($32.4M), and Insulated Wire ($17.1M). Over the past 5 years the exports of Portugal to South Africa have increased at an annualized rate of 7.13%, from $234M in 2017 to $330M in 2022.

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 2022, South Africa exported $242M to Portugal. The main products that South Africa exported to Portugal were Citrus ($80.3M), Propylene Polymers ($26.2M), and Cars ($19.9M). Over the past 5 years the exports of South Africa to Portugal have increased at an annualized rate of 1.07%,  from $229M in 2017 to $242M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €19.1M and imported €18.6M from South Africa, resulting in a positive trade balance of €550k. Between June 2023 and June 2024 the exports of Portugal have increased by €969k (5.34%) from €18.2M to €19.1M, while imports decreased by €-9.5M (-33.8%) from €28.1M to €18.6M.

Trade In June 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 June 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 June 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 June 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 (June 2023 - June 2024)€969k(5.34%)
IMPORT GROWTH (June 2023 - June 2024)€-9.5M(-33.8%)

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 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 2022, Portugal exported $330M to South Africa. The main products exported from Portugal to South Africa were Cars ($93.2M), Delivery Trucks ($32.4M), and Insulated Wire ($17.1M). During the last 5 years the exports of Portugal to South Africa have increased at an annualized rate of 7.13%, from $234M in 2017 to $330M in 2022.

In 2017, South Africa exported $242M to Portugal. The main products exported from South Africa to Portugal were Citrus ($80.3M), Propylene Polymers ($26.2M), and Cars ($19.9M). During the last 5 years the exports of South Africa to Portugal have increased at an annualized rate of 1.07%, from $229M in 2022 to $242M in 2017.

Exports from Portugal (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
South Africa
Top DestinationChina$23.4B

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

In 2022, countries that imported more from South Africa than Portugal included China ($23.4B), India ($9.14B), and Japan ($8.85B).

Difference in imports from South Africa (Flag) and Portugal (Flag) (2022)

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 2022, Portugal had a large net trade with South Africa in the exports of Transportation ($133M), Machines ($61.7M), and Plastics and Rubbers ($23.3M).

During 2017, South Africa had a large net trade with Portugal in the exports of Vegetable Products ($107M), Transportation ($30.8M), and Plastics and Rubbers ($30.5M).

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) (2022)

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