Vietnam (VNM) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Vietnam-Portugal Trade: In 2022, Vietnam exported $560M to Portugal. The main products that Vietnam exported to Portugal were Broadcasting Equipment ($206M), Coated Flat-Rolled Iron ($79.1M), and Coffee ($27.8M). Over the past 5 years the exports of Vietnam to Portugal have increased at an annualized rate of 9.37%, from $358M in 2017 to $560M in 2022.

In 2022, Vietnam did not export any services to Portugal.

Portugal-Vietnam Trade: In 2022, Portugal exported $80.1M to Vietnam. The main products that Portugal exported to Vietnam were Integrated Circuits ($10.8M), Packaged Medicaments ($6.02M), and Tanned Equine and Bovine Hides ($5.45M). Over the past 5 years the exports of Portugal to Vietnam have increased at an annualized rate of 7.17%, from $56.7M in 2017 to $80.1M in 2022.

In 2022, Portugal did not export any services to Vietnam.

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $560M to Portugal. The main products exported from Vietnam to Portugal were Broadcasting Equipment ($206M), Coated Flat-Rolled Iron ($79.1M), and Coffee ($27.8M). During the last 5 years the exports of Vietnam to Portugal have increased at an annualized rate of 9.37%, from $358M in 2017 to $560M in 2022.

In 2017, Portugal exported $80.1M to Vietnam. The main products exported from Portugal to Vietnam were Integrated Circuits ($10.8M), Packaged Medicaments ($6.02M), and Tanned Equine and Bovine Hides ($5.45M). During the last 5 years the exports of Portugal to Vietnam have increased at an annualized rate of 7.17%, from $56.7M in 2022 to $80.1M in 2017.

Exports from Vietnam () to Portugal () (2022)

Exports from Portugal () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Portugal ()

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Portugal
Top DestinationSpain$20.5B

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 2022, countries that imported more from Vietnam than Portugal included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from Portugal than Vietnam included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

Difference in imports from Portugal () and Vietnam () (2022)

Comparative Advantage Vietnam - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Portugal in the exports of Machines ($262M), Metals ($97.8M), and Vegetable Products ($33.7M).

During 2017, Portugal had a large net trade with Vietnam in the exports of Machines ($31.9M), Textiles ($10M), and Chemical Products ($8.09M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Portugal () (2022)

Exports from Portugal () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Portugal ()

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Vietnam () (2022)

Comparative Advantage Vietnam - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Portugal () (2022)

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