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Pricing

2022
Flag → Flag
Exports $616MRnk 55 / 138
2022
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Top Product $260MRefined Petroleum
2022
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Exports $92.4MRnk 57 / 208
2022
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Top Product $11.8MOther Processed Vegetables
2022
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Economic Complexity (ECI) ECI 0.42Rnk 45 / 124
2022
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Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Russia-Portugal In 2022, Russia exported $616M to Portugal. The main products that Russia exported to Portugal are Refined Petroleum ($260M), Petroleum Gas ($120M), and Non-fillet Frozen Fish ($43.5M). During the last 27 years the exports of Russia to Portugal have increased at an annualized rate of 3.65%, from $234M in 1995 to $616M in 2022.

In 2020, Russia exported services to Portugal worth $34.1M, with Transportation ($22.3M), Other business services ($5.42M), and Computer and information services ($3.62M) being the largest in terms of value.

Portugal-Russia In 2022, Portugal exported $92.4M to Russia. The main products that Portugal exported to Russia were Other Processed Vegetables ($11.8M), Wine ($11.2M), and Agglomerated Cork ($10.2M). During the last 27 years the exports of Portugal to Russia have increased at an annualized rate of 1.09%, from $68.9M in 1995 to $92.4M in 2022.

In 2020, Portugal exported services to Russia worth $72M, with Travel ($72M) being the largest in terms of value.

Comparison In 2022,  Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $61.3M and imported $44.8M from Portugal, resulting in a positive trade balance of $16.5M. Between January 2021 and January 2022 the exports of Russia have increased by $42.8M (233%) from $18.4M to $61.3M, while imports increased by $9.47M (26.8%) from $35.3M to $44.8M.

Trade In January 2022, the top exports of Russia to Portugal were Hot-Rolled Iron ($8.7M), Scrap Iron ($4.59M), Plywood ($1.9M), Synthetic Rubber ($1.36M), and Refined Petroleum ($283k). In January 2022 the top imports of Russia from Portugal were Wine ($2.39M), Video Displays ($2.28M), Agglomerated Cork ($2.27M), Valves ($2.21M), and Leather Footwear ($1.96M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($45.7M), TYUMEN REGION ($2.24M), VOLOGDA REGION ($2.19M), YAROSLAVL REGION ($2.1M), and MURMANSK REGION ($1.68M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($24.7M), MOSCOW REGION ($5.04M), ST. PETERSBURG ($4.35M), SAMARA REGION ($1.6M), and VLADIMIR REGION ($1.5M).

Growth In January 2022, the increase in Russia's year-by-year exports to Portugal was explained primarily by an increase in product exports in Hot-Rolled Iron ($2.87M or 49.1%), Scrap Iron ($2.59M or 129%), and Plywood ($433k or 29.5%). In January 2022, the increase in Russia's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Video Displays ($1.67M or 274%), Packaged Medicaments ($1.59M or 9.9k%), and Valves ($1.22M or 123%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2021 - January 2022)$42.8M(233%)
IMPORT GROWTH (January 2021 - January 2022)$9.47M(26.8%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$45.7M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Portugal and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $616M to Portugal. The main products exported from Russia to Portugal were Refined Petroleum ($260M), Petroleum Gas ($120M), and Non-fillet Frozen Fish ($43.5M). During the last 27 years the exports of Russia to Portugal have increased at an annualized rate of 3.65%, from $234M in 1995 to $616M in 2022.

In 2022, Portugal exported $92.4M to Russia. The main products exported from Portugal to Russia were Other Processed Vegetables ($11.8M), Wine ($11.2M), and Agglomerated Cork ($10.2M). During the last 27 years the exports of Portugal to Russia have increased at an annualized rate of 1.09%, from $68.9M in 1995 to $92.4M in 2022.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Portugal
Top DestinationSpain$20.5B

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

In 2021, countries that imported more from Russia than Portugal were China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2021, countries that imported more from Portugal than Russia were Spain ($20.5B), Angola ($1.59B), and Gibraltar ($561M).

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

Comparative Advantage Russia - Portugal

Flow
Scale

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

During 2022, Russia had a large net trade with Portugal in the exports of Mineral Products ($380M), Chemical Products ($88.5M), and Animal Products ($74.5M).

During 2022, Portugal had a large net trade with Russia in the exports of Foodstuffs ($29M), Machines ($13.6M), and Wood Products ($13M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to Portugal worth $34.1M, with Transportation ($22.3M), Other business services ($5.42M), and Computer and information services ($3.62M) being the largest in terms of value.

In 2020, Portugal exported services to Russia worth $72M, with Travel ($72M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Portugal (Flag) (2020)

Services Exports from Portugal (Flag) to Russia (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Portugal. Similarly, the more yellow a dot/product is, the more Portugal has comparative advantage over Russia.

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

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