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2022
Flag → Flag
Exports $3.24BRnk 57 / 219
2022
Flag → Flag
Top Product $1.78BPetroleum Gas
2022
Flag → Flag
Exports $5.66BRnk 4 / 208
2022
Flag → Flag
Top Product $1.15BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 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 $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

United States-Portugal Trade: In 2022, United States exported $3.24B to Portugal. The main products that United States exported to Portugal were Petroleum Gas ($1.78B), Crude Petroleum ($329M), and Soybeans ($141M). Over the past 5 years the exports of United States to Portugal have increased at an annualized rate of 23.3%, from $1.14B in 2017 to $3.24B in 2022.

In 2017, United States exported services to Portugal worth $997M, with Travel ($439M), Transportation ($215M), and Financial services ($128M) being the largest in terms of value.

Portugal-United States Trade: In 2022, Portugal exported $5.66B to United States. The main products that Portugal exported to United States were Refined Petroleum ($1.15B), Unpackaged Medicaments ($432M), and Rubber Tires ($361M). Over the past 5 years the exports of Portugal to United States have increased at an annualized rate of 10.9%,  from $3.38B in 2017 to $5.66B in 2022.

In 2020, Portugal exported services to United States worth $1.21B, with Transportation ($416M), Other business services ($378M), and Travel ($358M) being the largest in terms of value.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Company data: In 2023, leading companies such as IKEA Group (8.03k), Continental Tire (5.32k), and Home Depot (850) were at the forefront of exporting goods from Portugal to the United States. Conversely, Unknown (3.97k), Friul Intagli Industries Spa (2.33k), and Ikea Industry Portugal, Lda (2.2k) were notable for importing products to Portugal from the United States.

Latest Trends

September, 2024

About

Overview In September 2024, United States exported $262M and imported $464M from Portugal, resulting in a negative trade balance of $202M. Between September 2023 and September 2024 the exports of United States have increased by $135M (107%) from $126M to $262M, while imports decreased by $-86M (-15.6%) from $550M to $464M.

Trade In September 2024, the top exports of United States to Portugal were Crude Petroleum ($84.7M), Petroleum Gas ($54M), Aircraft Parts ($12.4M), Commodities not elsewhere specified ($7.81M), and Ethylene Polymers ($6.47M). In September 2024 the top imports of United States from Portugal were Refined Petroleum ($114M), Rubber Tires ($24M), Unpackaged Medicaments ($23.6M), Packaged Medicaments ($18.2M), and Leather Footwear ($13.6M).

Origins In September 2024 the exports of United States were mainly from Texas ($85.3M), Louisiana ($23.3M), Illinois ($23M), Pennsylvania ($17.2M), and New York ($16.7M), while imports destinations were mainly New Jersey ($125M), Ohio ($43.6M), California ($42.1M), Pennsylvania ($41.4M), and Texas ($29.6M).

Growth In September 2024, the increase in United States's year-by-year exports to Portugal was explained primarily by an increase in product exports in Petroleum Gas ($14.8M or 37.6%), Crude Petroleum ($13M or 18.2%), and Aircraft Parts ($5.09M or 69.7%). In September 2024, the decrease in United States's year-by-year imports  from Portugal was explained primarily by an decrease in product imports  in Packaged Medicaments ($-10.4M or -36.5%), Chemically Pure Sugars ($-5.11M or -57.2%), and Agglomerated Cork ($-3.61M or -60.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$135M(107%)
IMPORT GROWTH (September 2023 - September 2024)$-86M(-15.6%)
MAIN EXPORTER (September 2024)Texas$85.3M

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

To check Portugal and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Portugal and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $3.24B to Portugal. The main products exported from United States to Portugal were Petroleum Gas ($1.78B), Crude Petroleum ($329M), and Soybeans ($141M). During the last 5 years the exports of United States to Portugal have increased at an annualized rate of 23.3%, from $1.14B in 2017 to $3.24B in 2022.

In 2017, Portugal exported $5.66B to United States. The main products exported from Portugal to United States were Refined Petroleum ($1.15B), Unpackaged Medicaments ($432M), and Rubber Tires ($361M). During the last 5 years the exports of Portugal to United States have increased at an annualized rate of 10.9%, from $3.38B in 2022 to $5.66B in 2017.

Exports from United States (Flag) to Portugal (Flag) (2022)

Exports from Portugal (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from United States than Portugal included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Portugal than United States included Angola ($1.59B), Gibraltar ($561M), and Cape Verde ($407M).

Difference in imports from Portugal (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Portugal

Flow
Scale

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

During 2022, United States had a large net trade with Portugal in the exports of Mineral Products ($2.17B), Machines ($223M), and Transportation ($192M).

During 2017, Portugal had a large net trade with United States in the exports of Mineral Products ($1.2B), Chemical Products ($785M), and Machines ($640M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Portugal+$309MCrude Petroleum
Top Product Potential Portugal United States+$165MRefined 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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Bilateral Service Trade

In 2017, United States exported services to Portugal worth $997M, with Travel ($439M), Transportation ($215M), and Financial services ($128M) being the largest in terms of value.

In 2020, Portugal exported services to United States worth $1.21B, with Transportation ($416M), Other business services ($378M), and Travel ($358M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Portugal (Flag) (2017)

Services Exports from Portugal (Flag) to United States (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Portugal. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Portugal (Flag) (2022)

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