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Trade between India and Portugal

In 2024, India exported $1.1 billion to Portugal and imported $228 million. India ran a surplus of $919 million with Portugal, compared with a surplus of $803 million in 2019. Portugal was India’s 74th largest trading partner (0.1% of its trade), and India was Portugal’s 23rd (0.7%).

Summary

India → Portugal
$1.1billion
Portugal → India
$228million
India’s balance
$919million

Balance

India’s trade balance with Portugal

Trade between India and Portugal grew 8.3-fold since 1995

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

  • Exports 1.1
  • Imports 0.2
  • Balance +0.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$140 million$27 million$113 million
1996$157 million$12 million$145 million
1997$176 million$19 million$157 million
1998$169 million$15 million$154 million
1999$179 million$18 million$161 million
2000$189 million$25 million$163 million
2001$191 million$15 million$175 million
2002$219 million$23 million$196 million
2003$215 million$21 million$194 million
2004$289 million$27 million$262 million
2005$284 million$41 million$243 million
2006$362 million$42 million$320 million
2007$509 million$48 million$461 million
2008$762 million$76 million$685 million
2009$398 million$83 million$316 million
2010$585 million$98 million$487 million
2011$688 million$222 million$466 million
2012$475 million$368 million$107 million
2013$588 million$305 million$284 million
2014$682 million$202 million$480 million
2015$564 million$112 million$452 million
2016$623 million$143 million$480 million
2017$787 million$194 million$593 million
2018$908 million$163 million$745 million
2019$963 million$159 million$803 million
2020$899 million$138 million$760 million
2021$1.2 billion$187 million$979 million
2022$1.3 billion$201 million$1.1 billion
2023$1.2 billion$216 million$1 billion
2024$1.1 billion$228 million$919 million

What they sell each other

What India sells to Portugal

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

  1. Cotton yarn$126 million · 11%
    38 thousand tonnes
  2. 74 tonnes
  3. Refined petroleum$81 million · 7.1%
    128 thousand tonnes · India’s destinations
  4. Coated flat steel$76 million · 6.7%
    79 thousand tonnes
  5. Footwear parts$42 million · 3.7%
    1 thousand tonnes
  6. Hot-rolled flat steel$42 million · 3.7%
    60 thousand tonnes
  7. New tires$32 million · 2.8%
    8 thousand tonnes · India’s destinations
  8. Tractors$29 million · 2.6%
    3 thousand tonnes
  9. 172 tonnes
  10. 7 thousand tonnes

What Portugal sells to India

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

  1. Dissolving wood pulp$27 million · 11.8%
    32 thousand tonnes
  2. Waste paper$23 million · 9.9%
    98 thousand tonnes
  3. Marble and travertine$17 million · 7.3%
    41 thousand tonnes
  4. 5 thousand tonnes
  5. Antibiotics$6 million · 2.5%
    8 tonnes
  6. Kraft paper and paperboard$5 million · 2.4%
    10 thousand tonnes
  7. 88 tonnes
  8. Other industrial machines$5 million · 2.1%
    53 tonnes
  9. Video recorders and players$5 million · 2.1%
    17 tonnes
  10. Turpentine and pine oil$4 million · 1.8%
    2 thousand tonnes

How it travels

Estimated sea route from Nhava Sheva (Mumbai) to Sines.

The estimated sea route between Nhava Sheva (Mumbai) and Sines is 9,927 nautical miles (18,384 km) long: ≈ 23–29.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Cape of Good Hope (9,927 nautical miles); and 15% via the Bab-el-Mandeb Strait, the Suez Canal and the Strait of Gibraltar (5,440 nautical miles).

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$1.1 billion · 82.2%
  2. Air$245 million · 17.8%

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

How much each matters to the other

Portugal was India’s 74th largest trading partner (0.1% of its trade), and India was Portugal’s 23rd (0.7%).

Portugal in India’s trade
0.1%
Portugal’s rank among India’s partners
74th
India in Portugal’s trade
0.7%
India’s rank among Portugal’s partners
23rd

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.