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2023
Flag → Flag
Exports $553MRnk 45 / 142
2023
Flag → Flag
Top Product $175MBroadcasting Equipment
2023
Flag → Flag
Exports $76.5MRnk 60 / 211
2023
Flag → Flag
Top Product $18.9MBuilding Stone
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Vietnam-Portugal Trade: In 2023, Vietnam exported $553M to Portugal. The main products that Vietnam exported to Portugal were Broadcasting Equipment ($175M), Coated Flat-Rolled Iron ($94.1M), and Coffee ($36.3M). Over the past 5 years the exports of Vietnam to Portugal have increased at an annualized rate of 4.88%, from $436M in 2018 to $553M in 2023.

In 2023, Vietnam did not export any services to Portugal.

Portugal-Vietnam Trade: In 2023, Portugal exported $76.5M to Vietnam. The main products that Portugal exported to Vietnam were Building Stone ($18.9M), Other Furniture ($18.3M), and Packaged Medicaments ($5.71M). Over the past 5 years the exports of Portugal to Vietnam have increased at an annualized rate of 3.36%,  from $64.9M in 2018 to $76.5M in 2023.

In 2023, Portugal did not export any services to Vietnam.

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, Vietnam exported $553M to Portugal. The main products exported from Vietnam to Portugal were Broadcasting Equipment ($175M), Coated Flat-Rolled Iron ($94.1M), and Coffee ($36.3M). During the last 5 years the exports of Vietnam to Portugal have increased at an annualized rate of 4.88%, from $436M in 2018 to $553M in 2023.

In 2018, Portugal exported $76.5M to Vietnam. The main products exported from Portugal to Vietnam were Building Stone ($18.9M), Other Furniture ($18.3M), and Packaged Medicaments ($5.71M). During the last 5 years the exports of Portugal to Vietnam have increased at an annualized rate of 3.36%, from $64.9M in 2023 to $76.5M in 2018.

Exports from Vietnam (Flag) to Portugal (Flag) (2023)

Exports from Portugal (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and Portugal (Flag)

Portugal Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Vietnam than Portugal included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Portugal than Vietnam included Spain ($17.7B), France ($9.19B), and Angola ($1.64B).

Difference in imports from Portugal (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - Portugal

Flow
Scale

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

During 2023, Vietnam had a large net trade with Portugal in the exports of Machines ($212M), Metals ($138M), and Plastics and Rubbers ($44.4M).

During 2018, Portugal had a large net trade with Vietnam in the exports of Miscellaneous ($23.5M), Stone And Glass ($19.7M), and Textiles ($7.34M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Portugal+$69MTelephones
Top Product Potential Portugal Vietnam+$14.2MIntegrated Circuits

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

Product Space of Vietnam (Flag) and Portugal (Flag) (2023)

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