Portugal (PRT) and Estonia (EST) Trade | The Observatory of Economic Complexity

About

Portugal-Estonia In 2022, Portugal exported $79.5M to Estonia. The main products that Portugal exported to Estonia are Raw Iron Bars ($11.2M), Delivery Trucks ($9.36M), and Integrated Circuits ($2.95M). During the last 27 years the exports of Portugal to Estonia have increased at an annualized rate of 13.2%, from $2.8M in 1995 to $79.5M in 2022.

In 2020, Portugal exported services to Estonia worth $4.57M, with Travel ($4.57M) being the largest in terms of value.

Estonia-Portugal In 2022, Estonia exported $48.2M to Portugal. The main products that Estonia exported to Portugal were Non-fillet Frozen Fish ($6.8M), Sawn Wood ($4.33M), and Vitamins ($2.18M). During the last 27 years the exports of Estonia to Portugal have increased at an annualized rate of 8.85%, from $4.89M in 1995 to $48.2M in 2022.

In 2020, Estonia exported services to Portugal worth $29.2M, with Other business services ($25.4M), Computer and information services ($1.26M), and Travel ($1.14M) 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €7.08M and imported €3.01M from Estonia, resulting in a positive trade balance of €4.08M. Between January 2023 and January 2024 the exports of Portugal have increased by €4.17M (143%) from €2.92M to €7.08M, while imports increased by €680k (29.3%) from €2.33M to €3.01M.

Trade In January 2024, the top exports of Portugal to Estonia were Cars, tractors, trucks & parts thereof. (€542k), Plastics & articles thereof (€346k), Electrical machinery and electronics (€339k), Knitted clothing accesories (€222k), and Machinery, mechanical appliances, & parts (€214k). In January 2024 the top imports of Portugal from Estonia were Wood, wood articles, & charcoal (€876k), Plastics & articles thereof (€251k), Paper articles (€204k), Fish, crustaceans, & molluscs (€164k), and Cars, tractors, trucks & parts thereof. (€106k).

Growth In January 2024, the increase in Portugal's year-by-year exports to Estonia was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€316k or 140%), Paper articles (€63.4k or 64.6%), and Plastics & articles thereof (€61.1k or 21.4%). In January 2024, the increase in Portugal's year-by-year imports from Estonia was explained primarily by an increase in product imports in Fish, crustaceans, & molluscs (€81.8k or 99.8%), Organic chemicals (€42.4k or 80.9%), and Wood, wood articles, & charcoal (€39.3k or 4.69%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€4.17M(143%)

IMPORT GROWTH (January 2023 - January 2024)€680k(29.3%)

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 Estonia and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $79.5M to Estonia. The main products exported from Portugal to Estonia were Raw Iron Bars ($11.2M), Delivery Trucks ($9.36M), and Integrated Circuits ($2.95M). During the last 27 years the exports of Portugal to Estonia have increased at an annualized rate of 13.2%, from $2.8M in 1995 to $79.5M in 2022.

In 2022, Estonia exported $48.2M to Portugal. The main products exported from Estonia to Portugal were Non-fillet Frozen Fish ($6.8M), Sawn Wood ($4.33M), and Vitamins ($2.18M). During the last 27 years the exports of Estonia to Portugal have increased at an annualized rate of 8.85%, from $4.89M in 1995 to $48.2M in 2022.

Exports from Portugal () to Estonia () (2022)

Exports from Estonia () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Estonia
Top DestinationFinland$3B

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

In 2021, countries that imported more from Portugal than Estonia were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Estonia than Portugal were Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

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

Comparative Advantage Portugal - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Estonia in the exports of Metals ($20.6M), Machines ($13.9M), and Transportation ($12.4M).

During 2022, Estonia had a large net trade with Portugal in the exports of Wood Products ($9.7M), Machines ($8.75M), and Animal Products ($7.22M).

Service Trade

Bilateral Service Trade

Est Year

Prt Year

In 2020, Portugal exported services to Estonia worth $4.57M, with Travel ($4.57M) being the largest in terms of value.

In 2020, Estonia exported services to Portugal worth $29.2M, with Other business services ($25.4M), Computer and information services ($1.26M), and Travel ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal () to Estonia () (2020)

Services Exports from Estonia () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Year

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 Estonia. Similarly, the more yellow a dot/product is, the more Estonia has comparative advantage over Portugal.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Estonia () (2022)

Exports from Estonia () to Portugal () (2022)

Market Competitiveness

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

Comparative Advantage Portugal - Estonia

Service Trade

Bilateral Service Trade

Services Exports from Portugal () to Estonia () (2020)

Services Exports from Estonia () to Portugal () (2020)

Economic Complexity

Competitive Landscape

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

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