Portugal

Compare Portugal →

PT · PRT · BACI 620 · latest data 2024

Exports

$84.8B USD, nominal · 2024

= $84,801 M26.6% over 5 yrs (up)

Imports

$114.1B USD, nominal · 2024

= $114,076 M25.0% over 5 yrs (up)

Trade balancedeficit

−$29.3B USD, nominal · 2024

= −$29,276 M

Total trade

$198.9B USD, nominal · 2024

= $198,877 M25.7% over 5 yrs (up)

World position: #44 of 225 exporters · top 25% · #37 of 225 importers · top 25% · 2024
World export share since 1995: −0.1 pp

Trade timeline

Portugal's exports grew from $23.2B in 1995 to $84.8B in 2024; the 2024 balance was −$29.3B.

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Exports, imports, trade balance and total trade of Portugal per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$23,156 M	$34,643 M	−$11,486 M	$57,799 M
1996	$24,712 M	$35,077 M	−$10,365 M	$59,790 M
1997	$24,574 M	$36,183 M	−$11,610 M	$60,757 M
1998	$25,222 M	$38,755 M	−$13,534 M	$63,977 M
1999	$25,392 M	$41,591 M	−$16,199 M	$66,983 M
2000	$25,728 M	$41,580 M	−$15,852 M	$67,308 M
2001	$25,961 M	$41,257 M	−$15,295 M	$67,218 M
2002	$28,041 M	$41,586 M	−$13,545 M	$69,627 M
2003	$33,792 M	$48,585 M	−$14,793 M	$82,377 M
2004	$38,444 M	$59,148 M	−$20,704 M	$97,592 M
2005	$39,737 M	$66,386 M	−$26,649 M	$106,124 M
2006	$46,677 M	$73,122 M	−$26,445 M	$119,798 M
2007	$49,654 M	$84,451 M	−$34,797 M	$134,104 M
2008	$55,139 M	$96,275 M	−$41,137 M	$151,414 M
2009	$42,934 M	$74,582 M	−$31,648 M	$117,516 M
2010	$48,917 M	$80,518 M	−$31,602 M	$129,435 M
2011	$58,786 M	$85,153 M	−$26,367 M	$143,939 M
2012	$59,008 M	$74,865 M	−$15,857 M	$133,873 M
2013	$62,870 M	$77,960 M	−$15,090 M	$140,830 M
2014	$64,978 M	$81,001 M	−$16,023 M	$145,978 M
2015	$57,061 M	$68,535 M	−$11,474 M	$125,597 M
2016	$56,149 M	$71,842 M	−$15,693 M	$127,990 M
2017	$62,171 M	$81,333 M	−$19,162 M	$143,504 M
2018	$68,375 M	$96,802 M	−$28,427 M	$165,177 M
2019	$66,993 M	$91,264 M	−$24,270 M	$158,257 M
2020	$61,432 M	$79,330 M	−$17,898 M	$140,762 M
2021	$74,213 M	$99,874 M	−$25,661 M	$174,088 M
2022	$81,063 M	$115,918 M	−$34,856 M	$196,981 M
2023	$83,009 M	$114,041 M	−$31,032 M	$197,049 M
2024	$84,801 M	$114,076 M	−$29,276 M	$198,877 M

30 rows

World share & rank

World export share moved from 0.5% in 1995 to 0.4% in 2024; export rank #34 → #44.

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World export and import share in percent, and world ranks, of Portugal per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.46%	0.68%	#34	#28
1996	0.46%	0.65%	#36	#32
1997	0.44%	0.65%	#37	#32
1998	0.45%	0.70%	#36	#31
1999	0.44%	0.72%	#37	#27
2000	0.40%	0.64%	#42	#28
2001	0.41%	0.65%	#41	#28
2002	0.42%	0.63%	#41	#31
2003	0.44%	0.63%	#38	#32
2004	0.42%	0.64%	#39	#32
2005	0.38%	0.63%	#45	#31
2006	0.39%	0.61%	#46	#33
2007	0.35%	0.60%	#49	#33
2008	0.34%	0.60%	#53	#33
2009	0.34%	0.60%	#50	#34
2010	0.33%	0.54%	#54	#35
2011	0.33%	0.47%	#55	#37
2012	0.33%	0.41%	#56	#40
2013	0.35%	0.43%	#54	#39
2014	0.35%	0.44%	#51	#40
2015	0.36%	0.43%	#47	#41
2016	0.36%	0.46%	#46	#41
2017	0.35%	0.46%	#45	#40
2018	0.36%	0.51%	#46	#37
2019	0.36%	0.49%	#45	#37
2020	0.36%	0.46%	#43	#39
2021	0.35%	0.47%	#44	#40
2022	0.34%	0.48%	#49	#37
2023	0.37%	0.50%	#45	#37
2024	0.37%	0.50%	#44	#37

30 rows

Trading partners

Spain was Portugal's top trading partner in 2024, at 27.5% of total trade; the top five partners covered 56.4%.

Year

Top partner share: 27.5%
Top-5 share: 56.4%
Partners: 217
Partner HHI (0–1): 0.107

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Spain $17.7B

Germany $9.2B

France $8.6B

United States $6.3B

United Kingdom $4.4B

Italy $3.9B

Netherlands $2.9B

Morocco $2.8B

China $1.9B

Belgium $1.9B

Canada $1.7B

Poland $1.4B

Brazil $1.3B

Türkiye $1.3B

Ireland $486M

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Top partners of Portugal in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	Spain	$17,704 M	$37,075 M	$54,779 M	−$19,371 M
#2	Germany	$9,177 M	$12,705 M	$21,882 M	−$3,529 M
#3	France	$8,588 M	$8,235 M	$16,823 M	$353 M
#4	Italy	$3,892 M	$5,788 M	$9,681 M	−$1,896 M
#5	Netherlands	$2,851 M	$6,162 M	$9,013 M	−$3,310 M
#6	United States	$6,337 M	$2,583 M	$8,920 M	$3,754 M
#7	China	$1,934 M	$5,724 M	$7,658 M	−$3,790 M
#8	United Kingdom	$4,419 M	$1,369 M	$5,788 M	$3,051 M
#9	Belgium	$1,872 M	$3,469 M	$5,341 M	−$1,596 M
#10	Brazil	$1,346 M	$3,847 M	$5,193 M	−$2,501 M
#11	Morocco	$2,825 M	$668 M	$3,492 M	$2,157 M
#12	Poland	$1,442 M	$1,954 M	$3,396 M	−$511 M
#13	Türkiye	$1,328 M	$1,585 M	$2,913 M	−$257 M
#14	Ireland	$486 M	$2,107 M	$2,592 M	−$1,621 M
#15	Canada	$1,740 M	$312 M	$2,051 M	$1,428 M

15 rows

Products & sectors

Product composition of Portugal's trade in 2024.

Year

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Concentration & risk

Portugal's export partners diversified over 1995–2024 — HHI 0.103 → 0.082, a diversified export base across 210 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Portugal per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.103	0.096	190	177
1996	0.105	0.103	189	174
1997	0.101	0.105	196	179
1998	0.106	0.110	189	172
1999	0.108	0.114	191	176
2000	0.101	0.109	207	189
2001	0.099	0.115	214	189
2002	0.101	0.124	212	197
2003	0.104	0.129	211	187
2004	0.104	0.123	210	186
2005	0.106	0.125	207	183
2006	0.106	0.126	216	186
2007	0.113	0.128	203	180
2008	0.107	0.124	205	188
2009	0.102	0.135	201	182
2010	0.096	0.130	200	183
2011	0.091	0.127	202	177
2012	0.081	0.122	204	178
2013	0.084	0.126	204	183
2014	0.084	0.130	203	181
2015	0.087	0.136	204	190
2016	0.089	0.132	210	191
2017	0.083	0.130	206	184
2018	0.084	0.130	210	185
2019	0.082	0.126	210	193
2020	0.084	0.135	211	195
2021	0.087	0.135	210	204
2022	0.084	0.128	208	209
2023	0.084	0.141	211	213
2024	0.082	0.136	210	206

30 rows

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