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Trade between Germany and Portugal

In 2024, Germany exported $12.7 billion to Portugal and imported $9.2 billion. Germany ran a surplus of $3.5 billion with Portugal, compared with a surplus of $3.9 billion in 2019. Portugal was Germany’s 27th largest trading partner (0.8% of its trade), and Germany was Portugal’s 2nd (11%).

Summary

Germany → Portugal
$12.7billion
Portugal → Germany
$9.2billion
Germany’s balance
$3.5billion

Balance

Germany’s trade balance with Portugal

Trade between Germany and Portugal grew 2.3-fold since 1995

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

  • Exports 12.7
  • Imports 9.2
  • Balance +3.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$5 billion$4.7 billion$302 million
1996$5.3 billion$5.1 billion$148 million
1997$5.2 billion$4.8 billion$471 million
1998$5.9 billion$5.1 billion$791 million
1999$6.2 billion$4.8 billion$1.4 billion
2000$5.7 billion$4.6 billion$1.1 billion
2001$5.7 billion$4.7 billion$919 million
2002$6.1 billion$4.7 billion$1.4 billion
2003$6.9 billion$5.4 billion$1.5 billion
2004$8.1 billion$5.1 billion$2.9 billion
2005$9.1 billion$4.8 billion$4.3 billion
2006$9.5 billion$5 billion$4.5 billion
2007$11.3 billion$5.5 billion$5.8 billion
2008$12.3 billion$6.1 billion$6.2 billion
2009$9.4 billion$5 billion$4.4 billion
2010$10.9 billion$5.6 billion$5.2 billion
2011$10.1 billion$6.9 billion$3.2 billion
2012$8.2 billion$6.3 billion$1.9 billion
2013$8.7 billion$6.7 billion$2 billion
2014$9.7 billion$6.7 billion$3 billion
2015$8.5 billion$6.1 billion$2.4 billion
2016$9.1 billion$6.1 billion$3 billion
2017$10.7 billion$6.6 billion$4.1 billion
2018$13.2 billion$7.5 billion$5.6 billion
2019$11.9 billion$8 billion$3.9 billion
2020$10.4 billion$7.2 billion$3.2 billion
2021$12.1 billion$8.3 billion$3.9 billion
2022$12.7 billion$8.5 billion$4.3 billion
2023$12.8 billion$8.6 billion$4.2 billion
2024$12.7 billion$9.2 billion$3.5 billion

What they sell each other

What Germany sells to Portugal

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

  1. Cars$1.5 billion · 11.5%
    112 thousand tonnes · Germany’s destinations
  2. Auto parts$768 million · 6%
    81 thousand tonnes · Germany’s destinations
  3. Microchips$705 million · 5.6%
    1 thousand tonnes · Germany’s destinations
  4. Medicines in measured doses or retail packs$595 million · 4.7%
    7 thousand tonnes · Germany’s destinations
  5. Spark-ignition engines$484 million · 3.8%
    20 thousand tonnes
  6. Catalysts$377 million · 3%
    8 thousand tonnes
  7. Cameras and broadcast equipment$224 million · 1.8%
    1 thousand tonnes
  8. Parts for broadcast equipment$211 million · 1.7%
    6 thousand tonnes
  9. Other plastic articles$177 million · 1.4%
    8 thousand tonnes
  10. Vaccines, blood and antisera$172 million · 1.4%
    112 tonnes · Germany’s destinations

What Portugal sells to Germany

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

  1. Cars$1.2 billion · 12.9%
    105 thousand tonnes · Portugal’s destinations
  2. Parts for broadcast equipment$472 million · 5.1%
    2 thousand tonnes
  3. Speedometers, taximeters and counters$466 million · 5.1%
    3 thousand tonnes
  4. Leather footwear$414 million · 4.5%
    9 thousand tonnes
  5. Auto parts$390 million · 4.3%
    40 thousand tonnes · Portugal’s destinations
  6. New tires$321 million · 3.5%
    54 thousand tonnes · Portugal’s destinations
  7. Microchips$298 million · 3.3%
    1 thousand tonnes · Germany’s sources
  8. Medicines in measured doses or retail packs$274 million · 3%
    7 thousand tonnes · Portugal’s destinations
  9. Control panels$197 million · 2.2%
    2 thousand tonnes
  10. Air pumps, compressors and fans$194 million · 2.1%
    9 thousand tonnes

How it travels

Estimated sea route from Hamburg to Sines.

The estimated sea route between Hamburg and Sines is 1,449 nautical miles (2,683 km) long: ≈ 3.5–4.5 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$14.7 billion · 67%
  2. Air$7.2 billion · 33%

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

How much each matters to the other

Portugal was Germany’s 27th largest trading partner (0.8% of its trade), and Germany was Portugal’s 2nd (11%).

Portugal in Germany’s trade
0.8%
Portugal’s rank among Germany’s partners
27th
Germany in Portugal’s trade
11%
Germany’s rank among Portugal’s partners
2nd

Compare with

Other partners of Germany

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.