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Trade between Belgium and Portugal

In 2024, Belgium exported $3.5 billion to Portugal and imported $1.9 billion. Belgium ran a surplus of $1.6 billion with Portugal, compared with a surplus of $1.3 billion in 2019. Portugal was Belgium’s 23rd largest trading partner (0.7% of its trade), and Belgium was Portugal’s 9th (3%).

Summary

Belgium → Portugal
$3.5billion
Portugal → Belgium
$1.9billion
Belgium’s balance
$1.6billion

Balance

Belgium’s trade balance with Portugal

Trade between Belgium and Portugal grew 2.9-fold since 1995

USD billions (current). Belgium’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 3.5
  • Imports 1.9
  • Balance +1.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.2 billion$691 million$461 million
1996$1.2 billion$808 million$365 million
1997$1.2 billion$902 million$261 million
1998$1.3 billion$1 billion$322 million
1999$1.3 billion$1.3 billion-$24 million
2000$1.3 billion$1.6 billion-$313 million
2001$1.2 billion$1.9 billion-$614 million
2002$1.3 billion$1.7 billion-$410 million
2003$1.4 billion$1.7 billion-$327 million
2004$1.7 billion$1.8 billion-$105 million
2005$1.9 billion$1.8 billion$35 million
2006$2 billion$1.4 billion$581 million
2007$2.4 billion$1.5 billion$899 million
2008$2.8 billion$1.7 billion$1.1 billion
2009$2.1 billion$1.3 billion$809 million
2010$2.1 billion$1.4 billion$677 million
2011$2.1 billion$2 billion$75 million
2012$1.8 billion$2 billion-$191 million
2013$1.9 billion$1.9 billion$45 million
2014$2.1 billion$1.6 billion$489 million
2015$1.9 billion$1.3 billion$606 million
2016$1.9 billion$1.3 billion$610 million
2017$2.2 billion$1.4 billion$818 million
2018$2.8 billion$1.5 billion$1.2 billion
2019$2.7 billion$1.4 billion$1.3 billion
2020$2.2 billion$1.2 billion$1 billion
2021$3 billion$1.6 billion$1.4 billion
2022$3.6 billion$1.6 billion$2 billion
2023$3.5 billion$1.8 billion$1.7 billion
2024$3.5 billion$1.9 billion$1.6 billion

What they sell each other

What Belgium sells to Portugal

The top 10 headings in 2024, with their share of the total.

  1. Cars$694 million · 20%
    52 thousand tonnes · Belgium’s destinations
  2. Medicines in measured doses or retail packs$300 million · 8.7%
    741 tonnes · Belgium’s destinations
  3. Vaccines, blood and antisera$180 million · 5.2%
    38 tonnes · Belgium’s destinations
  4. Trucks$84 million · 2.4%
    8 thousand tonnes · Belgium’s destinations
  5. Tractors$75 million · 2.2%
    5 thousand tonnes · Belgium’s destinations
  6. Copper wire$72 million · 2.1%
    7 thousand tonnes
  7. Refined petroleum$61 million · 1.8%
    99 thousand tonnes · Belgium’s destinations
  8. Polystyrene$61 million · 1.8%
    34 thousand tonnes
  9. Auto parts$58 million · 1.7%
    4 thousand tonnes · Belgium’s destinations
  10. Medical and dental instruments$49 million · 1.4%
    1 thousand tonnes · Belgium’s destinations

What Portugal sells to Belgium

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$220 million · 11.7%
    251 thousand tonnes · Portugal’s destinations
  2. Medicines in measured doses or retail packs$122 million · 6.5%
    2 thousand tonnes · Portugal’s destinations
  3. Nucleic acids and other heterocycles$117 million · 6.2%
    3 tonnes
  4. Cables and wire$87 million · 4.7%
    7 thousand tonnes · Belgium’s sources
  5. Radar, GPS receivers and remote controls$83 million · 4.4%
    269 tonnes
  6. Cars$74 million · 3.9%
    8 thousand tonnes · Portugal’s destinations
  7. Polyurethane and other resins$68 million · 3.6%
    27 thousand tonnes
  8. Speedometers, taximeters and counters$45 million · 2.4%
    252 tonnes
  9. Insulating fittings and electrical conduit$42 million · 2.2%
    1 thousand tonnes
  10. Hydrocarbon derivatives$41 million · 2.2%
    35 thousand tonnes

How it travels

Estimated sea route from Antwerp to Sines.

The estimated sea route between Antwerp and Sines is 1,161 nautical miles (2,151 km) long: ≈ 2.5–3.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Dover.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$4 billion · 74.3%
  2. Air$1.4 billion · 25.7%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Portugal was Belgium’s 23rd largest trading partner (0.7% of its trade), and Belgium was Portugal’s 9th (3%).

Portugal in Belgium’s trade
0.7%
Portugal’s rank among Belgium’s partners
23rd
Belgium in Portugal’s trade
2.7%
Belgium’s rank among Portugal’s partners
9th

Compare with

Other partners of Belgium

Other partners of Portugal

Sources and methodology

Sources and licenses

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. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.