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2023
Flag → Flag
Exports $492MRnk 48 / 182
2023
Flag → Flag
Top Product $364MRefined Petroleum
2023
Flag → Flag
Exports $275MRnk 37 / 211
2023
Flag → Flag
Top Product $53.1MCars
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $32,094CURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Saudi Arabia-Portugal Trade: In 2023, Saudi Arabia exported $492M to Portugal. The main products that Saudi Arabia exported to Portugal were Refined Petroleum ($364M), Propylene Polymers ($58.6M), and Spark-Ignition Engines ($16.8M). Over the past 5 years the exports of Saudi Arabia to Portugal have decreased at an annualized rate of 11.2%, from $891M in 2018 to $492M in 2023.

In 2023, Saudi Arabia did not export any services to Portugal.

Portugal-Saudi Arabia Trade: In 2023, Portugal exported $275M to Saudi Arabia. The main products that Portugal exported to Saudi Arabia were Cars ($53.1M), Refined Petroleum ($24.2M), and Butter ($13.6M). Over the past 5 years the exports of Portugal to Saudi Arabia have increased at an annualized rate of 6.79%,  from $198M in 2018 to $275M in 2023.

In 2023, Portugal did not export any services to Saudi Arabia.

Comparison: In 2023,  Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Saudi Arabia exported $492M to Portugal. The main products exported from Saudi Arabia to Portugal were Refined Petroleum ($364M), Propylene Polymers ($58.6M), and Spark-Ignition Engines ($16.8M). During the last 5 years the exports of Saudi Arabia to Portugal have decreased at an annualized rate of 11.2%, from $891M in 2018 to $492M in 2023.

In 2018, Portugal exported $275M to Saudi Arabia. The main products exported from Portugal to Saudi Arabia were Cars ($53.1M), Refined Petroleum ($24.2M), and Butter ($13.6M). During the last 5 years the exports of Portugal to Saudi Arabia have increased at an annualized rate of 6.79%, from $198M in 2023 to $275M in 2018.

Exports from Saudi Arabia (Flag) to Portugal (Flag) (2023)

Exports from Portugal (Flag) to Saudi Arabia (Flag) (2023)

Latest Data

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

Saudi Arabia Exports

Portugal Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$64.4B
Portugal
Top DestinationSpain$17.7B

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 2023, countries that imported more from Saudi Arabia than Portugal included China ($64.4B), India ($34.8B), and Japan ($34.7B).

In 2023, countries that imported more from Portugal than Saudi Arabia included Spain ($17.7B), Germany ($8.12B), and France ($9.19B).

Difference in imports from Portugal (Flag) and Saudi Arabia (Flag) (2023)

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 2023, Saudi Arabia had a large net trade with Portugal in the exports of Mineral Products ($364M), Plastics and Rubbers ($63.9M), and Chemical Products ($24.9M).

During 2018, Portugal had a large net trade with Saudi Arabia in the exports of Transportation ($54.8M), Machines ($42.8M), and Mineral Products ($26.4M).

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) (2023)

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