Summary
- Exports
- $84.8billion
- Imports
- $114.1billion
- Trade balance
- -$29.3billion
Products
What it exports
Cars (5.7%) and auto parts (4.4%) together make up 10% of its exports.
What it imports
Cars (6.2%) and crude petroleum (5.6%) together make up 11.8% of its imports.
By Harmonized System chapter (96)
| Chapter | Exports | Imports |
|---|---|---|
| 87 · Vehicles | $11 billion | $13.4 billion |
| 85 · Electrical and electronic equipment | $8.3 billion | $10.9 billion |
| 84 · Mechanical machinery | $5.8 billion | $10.4 billion |
| 30 · Pharmaceuticals | $4.6 billion | $4.1 billion |
| 27 · Oil, gas and coal | $3.9 billion | $12.1 billion |
| 39 · Plastics | $3.6 billion | $5.2 billion |
| 61 · Knitted clothing | $3 billion | $1.7 billion |
| 48 · Paper and paperboard | $2.4 billion | $1.6 billion |
| 64 · Footwear | $2.3 billion | $1 billion |
| 94 · Furniture and lighting | $2.3 billion | $1.7 billion |
| 90 · Precision and medical instruments | $2.2 billion | $2.6 billion |
| 73 · Iron and steel products | $2.1 billion | $1.9 billion |
| 15 · Fats and oils | $2 billion | $1.3 billion |
| 40 · Rubber | $1.9 billion | $1.3 billion |
| 72 · Iron and steel | $1.7 billion | $3.7 billion |
| 22 · Beverages and spirits | $1.4 billion | $686 million |
| 62 · Woven clothing | $1.3 billion | $1.5 billion |
| 47 · Wood pulp | $1.2 billion | $122 million |
| 45 · Cork | $1.1 billion | $235 million |
| 08 · Fruit and nuts | $1.1 billion | $1.2 billion |
| 44 · Wood | $880 million | $1.2 billion |
| 69 · Ceramics | $874 million | $347 million |
| 24 · Tobacco | $868 million | $437 million |
| 76 · Aluminum | $866 million | $1.5 billion |
| 29 · Organic chemicals | $843 million | $3.6 billion |
| 03 · Fish and seafood | $795 million | $2.3 billion |
| 63 · Home textiles and used clothing | $764 million | $319 million |
| 20 · Preserved fruit and vegetables | $736 million | $654 million |
| 70 · Glass | $733 million | $713 million |
| 26 · Ores and slag | $640 million | $40 million |
| 68 · Stone, plaster and cement articles | $615 million | $351 million |
| 19 · Baked goods and cereal products | $591 million | $1.1 billion |
| 83 · Miscellaneous metal goods | $579 million | $659 million |
| 07 · Vegetables | $554 million | $838 million |
| 88 · Aircraft and spacecraft | $548 million | $1.1 billion |
| 04 · Dairy, eggs and honey | $541 million | $971 million |
| 38 · Miscellaneous chemicals | $539 million | $1.5 billion |
| 16 · Prepared meat and fish | $529 million | $915 million |
| 74 · Copper | $488 million | $938 million |
| 71 · Gems and precious metals | $470 million | $430 million |
| 25 · Salt, stone and cement | $448 million | $283 million |
| 21 · Food preparations | $403 million | $815 million |
| 59 · Coated and technical textiles | $343 million | $162 million |
| 42 · Leather goods and bags | $340 million | $708 million |
| 60 · Knitted fabric | $336 million | $133 million |
| 55 · Synthetic staple fibers | $331 million | $251 million |
| 56 · Felt, nonwovens and rope | $328 million | $140 million |
| 02 · Meat and offal | $319 million | $1.9 billion |
| 01 · Live animals | $316 million | $266 million |
| 32 · Dyes, paints and tanning agents | $312 million | $817 million |
| 33 · Perfumes and cosmetics | $289 million | $1.2 billion |
| 82 · Tools and cutlery | $251 million | $351 million |
| 52 · Cotton | $230 million | $565 million |
| 23 · Animal feed and food waste | $228 million | $668 million |
| 31 · Fertilizers | $208 million | $339 million |
| 17 · Sugar and sweets | $205 million | $368 million |
| 34 · Soap and cleaning products | $178 million | $650 million |
| 91 · Watches and clocks | $166 million | $251 million |
| 28 · Inorganic chemicals | $157 million | $699 million |
| 95 · Toys and sports gear | $151 million | $592 million |
| 35 · Glues, starches and enzymes | $143 million | $184 million |
| 09 · Coffee, tea and spices | $142 million | $516 million |
| 10 · Cereals | $137 million | $1 billion |
| 06 · Live plants and flowers | $130 million | $193 million |
| 54 · Synthetic filaments | $121 million | $373 million |
| 93 · Weapons and ammunition | $118 million | $45 million |
| 65 · Hats | $117 million | $65 million |
| 89 · Ships and boats | $117 million | $753 million |
| 96 · Other manufactured goods | $115 million | $179 million |
| 49 · Books and printed matter | $113 million | $220 million |
| 12 · Oilseeds and grains | $107 million | $873 million |
| 58 · Special fabrics and lace | $106 million | $63 million |
| 41 · Hides and leather | $106 million | $312 million |
| 18 · Cocoa and chocolate | $96 million | $419 million |
| 11 · Milling products and malt | $88 million | $146 million |
| 51 · Wool | $87 million | $125 million |
| 05 · Other animal products | $82 million | $86 million |
| 57 · Carpets and rugs | $80 million | $96 million |
| 78 · Lead | $66 million | $39 million |
| 53 · Other plant fibers | $57 million | $102 million |
| 80 · Tin | $44 million | $52 million |
| 97 · Art and antiques | $40 million | $34 million |
| 86 · Railway equipment | $31 million | $190 million |
| 79 · Zinc | $19 million | $110 million |
| 66 · Umbrellas and canes | $11 million | $32 million |
| 14 · Other plant products | $10 million | $11 million |
| 81 · Other base metals | $9 million | $28 million |
| 36 · Explosives and matches | $8 million | $36 million |
| 92 · Musical instruments | $8 million | $39 million |
| 43 · Fur and fur goods | $8 million | $31 million |
| 13 · Gums and plant extracts | $8 million | $51 million |
| 46 · Wicker and basketware | $6 million | $15 million |
| 37 · Photographic goods | $5 million | $31 million |
| 67 · Feathers and artificial flowers | $4 million | $31 million |
| 75 · Nickel | $1 million | $23 million |
| 50 · Silk | $852 thousand | $10 million |
Trading partners
Spain is its main destination (20.9% of exports) and source (32.5% of imports).
Who it sells to
| Partner | Value (USD billions) | Share | Mode |
|---|---|---|---|
| Spain | 17.7 | 20.9% | Land |
| Germany | 9.2 | 10.8% | Sea |
| France | 8.6 | 10.1% | Sea |
| United States | 6.3 | 7.5% | Sea |
| United Kingdom | 4.4 | 5.2% | Sea |
| Italy | 3.9 | 4.6% | Sea |
| Netherlands | 2.9 | 3.4% | Sea |
| Morocco | 2.8 | 3.3% | Sea |
| China | 1.9 | 2.3% | Air |
| Belgium | 1.9 | 2.2% | Sea |
Who it buys from
| Partner | Value (USD billions) | Share | Mode |
|---|---|---|---|
| Spain | 37.1 | 32.5% | Land |
| Germany | 12.7 | 11.1% | Sea |
| France | 8.2 | 7.2% | Sea |
| Netherlands | 6.2 | 5.4% | Sea |
| Italy | 5.8 | 5.1% | Sea |
| China | 5.7 | 5% | Sea |
| Brazil | 3.8 | 3.4% | Sea |
| Belgium | 3.5 | 3% | Sea |
| United States | 2.6 | 2.3% | Sea |
| Ireland | 2.1 | 1.9% | Sea |
Overview 1995–2024
In 2024, Portugal accounted for 0.37% of world exports, compared with 0.46% in 1995.
Exports and imports
Exports grew 3.7-fold since 1995
USD billions (current). Bars: trade balance (green surplus, red deficit).
- Exports 84.8
- Imports 114
- Balance -29.3
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $23.2 billion | $34.6 billion | -$11.4 billion |
| 1996 | $24.7 billion | $35.2 billion | -$10.4 billion |
| 1997 | $24.7 billion | $36.2 billion | -$11.5 billion |
| 1998 | $25.4 billion | $38.8 billion | -$13.4 billion |
| 1999 | $25.6 billion | $41.6 billion | -$16 billion |
| 2000 | $25.9 billion | $41.7 billion | -$15.7 billion |
| 2001 | $26.4 billion | $41.4 billion | -$15 billion |
| 2002 | $28.3 billion | $41.7 billion | -$13.4 billion |
| 2003 | $34.3 billion | $48.7 billion | -$14.4 billion |
| 2004 | $38.8 billion | $59.2 billion | -$20.4 billion |
| 2005 | $40.3 billion | $66.5 billion | -$26.2 billion |
| 2006 | $47 billion | $72.6 billion | -$25.6 billion |
| 2007 | $50.1 billion | $84.6 billion | -$34.5 billion |
| 2008 | $55.8 billion | $96.2 billion | -$40.5 billion |
| 2009 | $43.7 billion | $74.7 billion | -$31.1 billion |
| 2010 | $49.6 billion | $80.5 billion | -$30.9 billion |
| 2011 | $59.3 billion | $85.3 billion | -$26 billion |
| 2012 | $59.4 billion | $74.9 billion | -$15.4 billion |
| 2013 | $63.4 billion | $78.1 billion | -$14.7 billion |
| 2014 | $65.5 billion | $81 billion | -$15.6 billion |
| 2015 | $57.6 billion | $68.7 billion | -$11.1 billion |
| 2016 | $56.8 billion | $71.9 billion | -$15.1 billion |
| 2017 | $62.9 billion | $81.4 billion | -$18.5 billion |
| 2018 | $69.4 billion | $96.7 billion | -$27.4 billion |
| 2019 | $67.5 billion | $91.3 billion | -$23.9 billion |
| 2020 | $62 billion | $79.3 billion | -$17.3 billion |
| 2021 | $75 billion | $99.8 billion | -$24.8 billion |
| 2022 | $81.6 billion | $116.6 billion | -$35.1 billion |
| 2023 | $84.4 billion | $114.6 billion | -$30.2 billion |
| 2024 | $84.8 billion | $114.1 billion | -$29.3 billion |
World rank
Portugal fell from 36th to 45th among the world's exporters
Rank among 222 countries by export value (1st at the top).
- 36th in 1995
- 45th in 2024
Source: CEPII BACI
Show the numbers
| Year | Rank |
|---|---|
| 1995 | 36th |
| 1996 | 38th |
| 1997 | 39th |
| 1998 | 38th |
| 1999 | 39th |
| 2000 | 43rd |
| 2001 | 42nd |
| 2002 | 40th |
| 2003 | 39th |
| 2004 | 40th |
| 2005 | 46th |
| 2006 | 47th |
| 2007 | 50th |
| 2008 | 54th |
| 2009 | 51st |
| 2010 | 55th |
| 2011 | 56th |
| 2012 | 56th |
| 2013 | 56th |
| 2014 | 52nd |
| 2015 | 48th |
| 2016 | 47th |
| 2017 | 46th |
| 2018 | 47th |
| 2019 | 46th |
| 2020 | 44th |
| 2021 | 46th |
| 2022 | 50th |
| 2023 | 47th |
| 2024 | 45th |
What it sells
Vehicles became its top export group: from 8% to 13%
% of exports by Harmonized System chapter.
- Other 50%
- Paper and paperboard 3%
- Knitted clothing 3%
- Plastics 4%
- Oil, gas and coal 5%
- Pharmaceuticals 5%
- Mechanical machinery 7%
- Electrical and electronic equipment 10%
- Vehicles 13%
Source: CEPII BACI
Show the numbers
| Chapter | 1995 | 2024 |
|---|---|---|
| Vehicles | 7.5% | 13% |
| Electrical and electronic equipment | 11.4% | 9.8% |
| Mechanical machinery | 5.5% | 6.9% |
| Pharmaceuticals | 0.47% | 5.5% |
| Oil, gas and coal | 2.8% | 4.5% |
| Plastics | 2.4% | 4.3% |
| Knitted clothing | 8.8% | 3.5% |
| Paper and paperboard | 2.8% | 2.9% |
| Other | 58.3% | 49.7% |
Who it trades with
Spain went from 18% to 28% of Portugal's trade
% of total trade (exports + imports) with each partner.
- Spain 28%
- Germany 11%
- France 8%
- Italy 5%
- Netherlands 5%
Source: CEPII BACI
Show the numbers
| Partner | 1995 | 2024 |
|---|---|---|
| Spain | 18.4% | 27.5% |
| Germany | 16.7% | 11% |
| France | 12.5% | 8.5% |
| Italy | 6.8% | 4.9% |
| Netherlands | 4.6% | 4.5% |
Production hubs
Largest industrial emission sources (Climate TRACE, 2025)
- Souselas Cement Plant
- Lares power station
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- Climate TRACE · CC BY 4.0 (emissions by asset; the 3 largest per country are shown)
- Kummu et al., gridded GDP · CC BY 4.0 (hubs aggregated by this site)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.