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Portugal Trade Summary

2020

Portugal exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR PORTUGAL 2020

Overall Exports and Imports for Portugal 2020

Exports and imports of Portugal in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 61,400 million.
  • The total value of imports (CIF) was 77,834 million.
  • At the HS6 digit level, 4,171 products were exported to 215 countries and 4,446 products were imported from 197 countries.

Portugal top 5 Export and Import partners 2020

Top five countries to which Portugal exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Portugal exports to Spain worth US$ 15,575 million, with a partner share of 25.37 percent.
  2. Portugal exports to France worth US$ 8,338 million, with a partner share of 13.58 percent.
  3. Portugal exports to Germany worth US$ 7,285 million, with a partner share of 11.87 percent.
  4. Portugal exports to United Kingdom worth US$ 3,498 million, with a partner share of 5.70 percent.
  5. Portugal exports to United States worth US$ 3,050 million, with a partner share of 4.97 percent.

Top five countries from which Portugal imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Portugal imports from Spain worth US$ 25,230 million, with a partner share of 32.42 percent.
  2. Portugal imports from Germany worth US$ 10,380 million, with a partner share of 13.34 percent.
  3. Portugal imports from France worth US$ 5,809 million, with a partner share of 7.46 percent.
  4. Portugal imports from Netherlands worth US$ 4,302 million, with a partner share of 5.53 percent.
  5. Portugal imports from Italy worth US$ 4,056 million, with a partner share of 5.21 percent.

Portugal Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Portugal along with trade value are:

  1. Portugal exported Petroleum oils, etc, (excl. crude); preparation , worth 2,368,248.51 (US$ Thousands).
  2. Portugal exported Automobiles with reciprocating piston engine di , worth 1,542,467.63 (US$ Thousands).
  3. Portugal exported Motor vehicle parts nes , worth 1,340,081.45 (US$ Thousands).
  4. Portugal exported Automobiles with diesel engine displacing more , worth 1,085,781.35 (US$ Thousands).
  5. Portugal exported Speed indicators and tachometers; stroboscopes , worth 1,036,005.37 (US$ Thousands).

The top five imported HS 6 digit level products from world by Portugal along with trade value are

  1. Portugal imported Petroleum oils and oils obtained from bituminou , worth 3,867,733.03 (US$ Thousands).
  2. Portugal imported Other medicaments of mixed or unmixed products, , worth 2,073,552.57 (US$ Thousands).
  3. Portugal imported Motor vehicle parts nes , worth 1,373,893.07 (US$ Thousands).
  4. Portugal imported Transmission apparatus, for radioteleph incorpo , worth 1,082,824.61 (US$ Thousands).
  5. Portugal imported Natural gas, liquefied , worth 1,081,262.07 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Portugal in 2020 are below

  • The maximum rate of tariff in percentage on any product was 74.90 percent.
  • The simple average tariff across all products was 2.20 percent.
  • The trade weighted average tariff was 1.35 .
  • The total duty free imports in thousands of US dollars were 11,962,661.57 and duty free tariff line items share was 57.94 percent.

Development Indicators 2020

Key Development Indicators of Portugal in 2020 are below

  • Portugal GDP in current US dollar was 229,032 million.
  • GNI per capita, Atlas method (current US$) was 21,850.00 .
  • Portugal Trade balance: as % of GDP was -2.14.
  • Trade balance in current US$ was -4,910.00 million.
  • Trade as percentage of GDP was 76.24 .
  • Trade in services as percentage of GDP was 17.96 .

Trade Indicators 2020

Trade Indicators for Portugal in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 14.65.
  • World Growth in percentage was -3.77 and Portugal Country Growth was -3.82 .