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Trade between Brazil and Portugal

In 2024, Brazil exported $3.8 billion to Portugal and imported $1.3 billion. Brazil ran a surplus of $2.5 billion with Portugal, compared with a surplus of $273 million in 2019. Portugal was Brazil’s 26th largest trading partner (0.8% of its trade), and Brazil was Portugal’s 10th (3%).

Summary

Brazil → Portugal
$3.8billion
Portugal → Brazil
$1.3billion
Brazil’s balance
$2.5billion

Balance

Brazil’s trade balance with Portugal

Trade between Brazil and Portugal grew 6.6-fold since 1995

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

  • Exports 3.8
  • Imports 1.3
  • Balance +2.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$592 million$198 million$394 million
1996$489 million$254 million$235 million
1997$582 million$263 million$318 million
1998$538 million$248 million$290 million
1999$406 million$172 million$234 million
2000$471 million$199 million$272 million
2001$522 million$222 million$300 million
2002$634 million$199 million$435 million
2003$754 million$159 million$596 million
2004$1.1 billion$211 million$854 million
2005$1.2 billion$253 million$986 million
2006$1.6 billion$337 million$1.2 billion
2007$1.8 billion$371 million$1.5 billion
2008$2 billion$626 million$1.4 billion
2009$1.2 billion$462 million$744 million
2010$1.5 billion$644 million$826 million
2011$2 billion$922 million$1 billion
2012$1.7 billion$1.1 billion$675 million
2013$1.1 billion$1.1 billion-$33 million
2014$1.2 billion$1.2 billion-$24 thousand
2015$960 million$851 million$109 million
2016$1.2 billion$665 million$493 million
2017$1.6 billion$1.1 billion$518 million
2018$1.6 billion$1 billion$550 million
2019$1.2 billion$913 million$273 million
2020$1.8 billion$849 million$956 million
2021$3 billion$904 million$2.1 billion
2022$4.8 billion$1 billion$3.8 billion
2023$3.9 billion$1.1 billion$2.8 billion
2024$3.8 billion$1.3 billion$2.5 billion

What they sell each other

What Brazil sells to Portugal

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

  1. Crude petroleum$2.6 billion · 67.7%
    4.5 million tonnes · Brazil’s destinations
  2. Soybeans$296 million · 7.7%
    483 thousand tonnes · Brazil’s destinations
  3. Cane and beet sugar$152 million · 4%
    209 thousand tonnes · Brazil’s destinations
  4. Airplanes and helicopters$126 million · 3.3%
    51 tonnes · Brazil’s destinations
  5. Hot-rolled flat steel$83 million · 2.2%
    141 thousand tonnes
  6. Logs$66 million · 1.7%
    572 thousand tonnes
  7. Firewood and wood chips$53 million · 1.4%
    435 thousand tonnes
  8. Coffee$38 million · 0.98%
    10 thousand tonnes · Brazil’s destinations
  9. 14 thousand tonnes
  10. 12 thousand tonnes

What Portugal sells to Brazil

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

  1. Olive oil$457 million · 34%
    46 thousand tonnes · Portugal’s destinations
  2. Aircraft parts$263 million · 19.5%
    448 tonnes
  3. Wine$80 million · 5.9%
    28 thousand tonnes
  4. Frozen fish$65 million · 4.8%
    6 thousand tonnes
  5. Apples and pears$55 million · 4.1%
    40 thousand tonnes
  6. Refined petroleum$26 million · 1.9%
    33 thousand tonnes · Portugal’s destinations
  7. 9 thousand tonnes
  8. Other electrical devices$13 million · 0.99%
    51 tonnes
  9. Coated narrow steel strip$13 million · 0.95%
    8 thousand tonnes
  10. Pesticides and herbicides$11 million · 0.82%
    921 tonnes

How it travels

Estimated sea route from Santos to Sines.

The estimated sea route between Santos and Sines is 4,575 nautical miles (8,473 km) long: ≈ 10.5–13.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

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$4.7 billion · 89.8%
  2. Air$529 million · 10.2%

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

How much each matters to the other

Portugal was Brazil’s 26th largest trading partner (0.8% of its trade), and Brazil was Portugal’s 10th (3%).

Portugal in Brazil’s trade
0.8%
Portugal’s rank among Brazil’s partners
26th
Brazil in Portugal’s trade
2.6%
Brazil’s rank among Portugal’s partners
10th

Compare with

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.