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Portugal: Trade Statistics

Exporter Rank

43 / 138

Importer Rank

39 / 138

Trade Balance Rank

125 / 138

Total Trade [1]

Total Exports (2021) $75,242,766,894
Total Imports (2021) $98,337,110,276
Trade Balance (2021) ($23,094,343,382)
Exports of goods and services (% of GDP) (2022) [2] 50.05%
Imports of goods and services (% of GDP) (2022) [2] 52.59%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Spain $20,125,645,348
France $9,867,967,448
Germany $8,292,671,609
United States $4,195,254,291
United Kingdom $3,910,485,603
Italy $3,408,376,230
Netherlands $2,942,082,324
Belgium $1,887,283,762
Angola $1,125,527,173
Poland $1,083,355,071

Import Partners

Top 10 Import Countries

Country Import USD$
Spain $32,288,592,320
Germany $12,210,775,979
France $6,593,861,807
Netherlands $5,245,018,846
Italy $5,063,563,728
China $4,664,976,839
Belgium $3,054,593,106
Brazil $3,014,604,898
United States $2,368,066,760
Poland $1,786,755,235

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(87) Motor Vehicles & Parts $9,516,558,021
(85) Electrical Machinery $5,852,651,900
(84) Industrial Machinery $4,920,179,601
(27) Oil & Mineral Fuels $4,341,560,695
(39) Plastics $4,156,309,819
(61) Apparel: Knit $2,753,067,921
(48) Paper $2,375,688,551
(73) Iron & Steel Articles $2,351,430,820
(94) Furniture $2,274,815,705
(72) Iron & Steel $2,130,280,064

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $11,253,105,852
(85) Electrical Machinery $9,436,825,494
(87) Motor Vehicles & Parts $9,353,762,572
(84) Industrial Machinery $8,859,370,145
(39) Plastics $5,241,059,355
(72) Iron & Steel $4,126,069,784
(30) Pharmaceuticals $3,767,371,312
(29) Organic Chemicals $2,609,457,341
(38) Chemical Products $2,344,375,419
(03) Seafood $2,164,161,447

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
Portugal