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Trade between Portugal and the United States

In 2024, Portugal exported $6.3 billion to the United States and imported $2.6 billion. Portugal ran a surplus of $3.8 billion with the United States, compared with a surplus of $2.2 billion in 2019. The United States was Portugal’s 6th largest trading partner (4% of its trade), and Portugal was the United States’ 56th (0.2%).

Summary

Portugal → United States
$6.3billion
United States → Portugal
$2.6billion
Portugal’s balance
$3.8billion

Balance

Portugal’s trade balance with the United States

Trade between Portugal and the United States grew 3.8-fold since 1995

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

  • Exports 6.3
  • Imports 2.6
  • Balance +3.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.2 billion$1.1 billion$77 million
1996$1.1 billion$1.1 billion$6 million
1997$1.3 billion$1.2 billion$100 million
1998$1.3 billion$1.1 billion$275 million
1999$1.4 billion$1.2 billion$237 million
2000$1.7 billion$1.3 billion$399 million
2001$1.6 billion$1.5 billion$104 million
2002$1.8 billion$957 million$809 million
2003$2.1 billion$955 million$1.1 billion
2004$2.5 billion$1.4 billion$1.2 billion
2005$2.5 billion$1.4 billion$1.1 billion
2006$3.1 billion$997 million$2.1 billion
2007$3.1 billion$1.3 billion$1.7 billion
2008$2.4 billion$1.7 billion$698 million
2009$1.6 billion$1.3 billion$354 million
2010$2.2 billion$1.1 billion$1.1 billion
2011$2.6 billion$1.6 billion$1 billion
2012$2.6 billion$1.3 billion$1.3 billion
2013$2.8 billion$1.1 billion$1.7 billion
2014$3.2 billion$1.3 billion$2 billion
2015$3.3 billion$1 billion$2.3 billion
2016$3.1 billion$1 billion$2.1 billion
2017$3.6 billion$1.1 billion$2.5 billion
2018$3.9 billion$1.7 billion$2.2 billion
2019$3.9 billion$1.7 billion$2.2 billion
2020$3.8 billion$1.5 billion$2.3 billion
2021$4.9 billion$2.4 billion$2.5 billion
2022$6 billion$2.5 billion$3.6 billion
2023$6.3 billion$2.5 billion$3.8 billion
2024$6.3 billion$2.6 billion$3.8 billion

What they sell each other

What Portugal sells to the United States

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

  1. Refined petroleum$1.1 billion · 17.3%
    1.6 million tonnes · Portugal’s destinations
  2. Bulk medicines$852 million · 13.5%
    32 tonnes
  3. New tires$431 million · 6.8%
    71 thousand tonnes · Portugal’s destinations
  4. Vaccines, blood and antisera$273 million · 4.3%
    42 tonnes · the United States’ sources
  5. Medicines in measured doses or retail packs$263 million · 4.2%
    4 thousand tonnes · Portugal’s destinations
  6. Leather footwear$164 million · 2.6%
    3 thousand tonnes
  7. Natural cork stoppers and articles$140 million · 2.2%
    3 thousand tonnes
  8. Furniture$133 million · 2.1%
    34 thousand tonnes · the United States’ sources
  9. Wine$122 million · 1.9%
    23 thousand tonnes · the United States’ sources
  10. Bed, table and kitchen linen$114 million · 1.8%
    9 thousand tonnes

What the United States sells to Portugal

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

  1. Crude petroleum$708 million · 27.4%
    1.2 million tonnes · the United States’ destinations
  2. Natural gas and LPG$624 million · 24.2%
    1.5 million tonnes
  3. Soybeans$180 million · 7%
    411 thousand tonnes · the United States’ destinations
  4. Corn$73 million · 2.8%
    334 thousand tonnes · the United States’ destinations
  5. Turbojets and gas turbines$70 million · 2.7%
    43 tonnes · the United States’ destinations
  6. Microchips$66 million · 2.6%
    11 tonnes · the United States’ destinations
  7. Airplanes and helicopters$60 million · 2.3%
    51 tonnes · the United States’ destinations
  8. Open-chain hydrocarbons$49 million · 1.9%
    57 thousand tonnes
  9. Refined petroleum$48 million · 1.9%
    74 thousand tonnes · the United States’ destinations
  10. Polyethylene$44 million · 1.7%
    42 thousand tonnes · the United States’ destinations

How it travels

Estimated sea route from Sines to Los Angeles.

The estimated sea route between Sines and Los Angeles is 7,328 nautical miles (13,572 km) long: ≈ 17–22 days at sea (at 18 and 14 knots).

Passages it crosses: Panama Canal.

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$5.8 billion · 64.9%
  2. Air$3.1 billion · 35.1%

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

How much each matters to the other

The United States was Portugal’s 6th largest trading partner (4% of its trade), and Portugal was the United States’ 56th (0.2%).

The United States in Portugal’s trade
4.5%
The United States’ rank among Portugal’s partners
6th
Portugal in the United States’ trade
0.2%
Portugal’s rank among the United States’ partners
56th

Compare with

Other partners of Portugal

Other partners of the United States

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.