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2022
Flag → Flag
Exports $650MRnk 41 / 138
2022
Flag → Flag
Top Product $302MRefined Petroleum
2022
Flag → Flag
Exports $270kRnk 41 / 208
2022
Flag → Flag
Top Product $64.4MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC $30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Saudi Arabia-Portugal Trade: In 2022, Saudi Arabia exported $650M to Portugal. The main products that Saudi Arabia exported to Portugal were Refined Petroleum ($302M), Cyclic Hydrocarbons ($222M), and Propylene Polymers ($106M). Over the past 5 years the exports of Saudi Arabia to Portugal have increased at an annualized rate of 1.5%, from $604M in 2017 to $650M in 2022.

In 2022, Saudi Arabia did not export any services to Portugal.

Portugal-Saudi Arabia Trade: In 2022, Portugal exported $195M to Saudi Arabia. The main products that Portugal exported to Saudi Arabia were Refined Petroleum ($64.4M), Cars ($9.52M), and Building Stone ($6.65M). Over the past 5 years the exports of Portugal to Saudi Arabia have decreased at an annualized rate of 0.57%,  from $217M in 2017 to $195M in 2022.

In 2022, Portugal did not export any services to Saudi Arabia.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Saudi Arabia exported $650M to Portugal. The main products exported from Saudi Arabia to Portugal were Refined Petroleum ($302M), Cyclic Hydrocarbons ($222M), and Propylene Polymers ($106M). During the last 5 years the exports of Saudi Arabia to Portugal have increased at an annualized rate of 2.18%, from $14.8M in 2017 to $650M in 2022.

In 2017, Portugal exported $195M to Saudi Arabia. The main products exported from Portugal to Saudi Arabia were Refined Petroleum ($64.4M), Cars ($9.52M), and Building Stone ($6.65M). During the last 5 years the exports of Portugal to Saudi Arabia have decreased at an annualized rate of 11%, from $482k in 2022 to $195M in 2017.

Exports from Saudi Arabia (Flag) to Portugal (Flag) (2022)

Exports from Portugal (Flag) to Saudi Arabia (Flag) (2022)

Latest Data

Trade between Saudi Arabia (Flag) and Portugal (Flag)

Saudi Arabia Exports

Portugal Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$68B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Saudi Arabia than Portugal included China ($68B), India ($46.2B), and Japan ($36.5B).

In 2022, countries that imported more from Portugal than Saudi Arabia included Spain ($20.5B), Germany ($8.76B), and France ($9.49B).

Difference in imports from Portugal (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Portugal

Flow
Scale

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

During 2022, Saudi Arabia had a large net trade with Portugal in the exports of Mineral Products ($302M), Chemical Products ($230M), and Plastics and Rubbers ($114M).

During 2017, Portugal had a large net trade with Saudi Arabia in the exports of Mineral Products ($64.9M), Machines ($18.6M), and Foodstuffs ($17.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Portugal+$69.1MRefined Petroleum
Top Product Potential Portugal Saudi Arabia+$25MRefined Petroleum

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

Product Space of Saudi Arabia (Flag) and Portugal (Flag) (2022)

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