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Pricing

2022
Flag → Flag
Exports $5.66BRnk 4 / 208
2022
Flag → Flag
Top Product $1.15BRefined Petroleum
2022
Flag → Flag
Exports $3.24BRnk N/A / N/A
2022
Flag → Flag
Top Product $1.78BPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Portugal-United States In 2022, Portugal exported $5.66B to United States. The main products that Portugal exported to United States are Refined Petroleum ($1.15B), Unpackaged Medicaments ($432M), and Rubber Tires ($361M). During the last 27 years the exports of Portugal to United States have increased at an annualized rate of 6.03%, from $1.16B in 1995 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.

United States-Portugal 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). During the last 27 years the exports of United States to Portugal have increased at an annualized rate of 3.95%, from $1.14B in 1995 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.

Comparison In 2022,  Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €381M and imported €121M from United States, resulting in a positive trade balance of €260M. Between January 2023 and January 2024 the exports of Portugal have increased by €32.3M (9.25%) from €349M to €381M, while imports decreased by €-165M (-57.8%) from €286M to €121M.

Trade In January 2024, the top exports of Portugal to United States were N/A. In January 2024 the top imports of Portugal from United States were Mineral fuels, mineral oils and products... (€189M), Oils seeds, oleaginous fruits, grains, straw... (€26.7M), Machinery, mechanical appliances, & parts (€10.1M), Plastics & articles thereof (€10M), and Electrical machinery and electronics (€6.99M).

Growth In January 2024, the increase in Portugal's year-by-year exports to United States was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... (€46.9M or 105%), Pharmaceutical products (€9.15M or 54.1%), and Organic chemicals (€7.38M or 103%). In January 2024, the decrease in Portugal's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... (€-53.9M or -22.1%), Oils seeds, oleaginous fruits, grains, straw... (€-17.5M or -39.6%), and Iron & steel (€-16.4M or -99.2%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€32.3M(9.25%)
IMPORT GROWTH (January 2023 - January 2024)€-165M(-57.8%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 27 years the exports of Portugal to United States have increased at an annualized rate of 6.03%, from $1.16B in 1995 to $5.66B in 2022.

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 27 years the exports of United States to Portugal have increased at an annualized rate of 3.95%, from $1.14B in 1995 to $3.24B in 2022.

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

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

Market Competitiveness

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

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

In 2021, countries that imported more from Portugal than United States were Angola ($1.59B), Gibraltar ($561M), and Cape Verde ($407M).

In 2021, countries that imported more from United States than Portugal were Canada ($308B), Mexico ($294B), and China ($151B).

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

Comparative Advantage Portugal - United States

Flow
Scale

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

During 2022, Portugal had a large net trade with United States in the exports of Mineral Products ($1.2B), Chemical Products ($785M), and Machines ($640M).

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

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

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

Services Exports from United States (Flag) to Portugal (Flag) (N/A)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Portugal has comparative advantage over United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over Portugal.

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

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