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Portugal Trade Summary

2021

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 2021

Overall Exports and Imports for Portugal 2021

Exports and imports of Portugal in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 75,243 million.
  • The total value of imports (CIF) was 98,337 million.
  • At the HS6 digit level, 4,215 products were exported to 215 countries and 4,475 products were imported from 206 countries.

Portugal top 5 Export and Import partners 2021

Top five countries to which Portugal exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Portugal exports to Spain worth US$ 20,126 million, with a partner share of 26.75 percent.
  2. Portugal exports to France worth US$ 9,868 million, with a partner share of 13.11 percent.
  3. Portugal exports to Germany worth US$ 8,293 million, with a partner share of 11.02 percent.
  4. Portugal exports to United States worth US$ 4,195 million, with a partner share of 5.58 percent.
  5. Portugal exports to United Kingdom worth US$ 3,910 million, with a partner share of 5.20 percent.

Top five countries from which Portugal imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Portugal imports from Spain worth US$ 32,289 million, with a partner share of 32.83 percent.
  2. Portugal imports from Germany worth US$ 12,211 million, with a partner share of 12.42 percent.
  3. Portugal imports from France worth US$ 6,594 million, with a partner share of 6.71 percent.
  4. Portugal imports from Netherlands worth US$ 5,245 million, with a partner share of 5.33 percent.
  5. Portugal imports from Italy worth US$ 5,064 million, with a partner share of 5.15 percent.

Portugal Top 5 Productsexports imports at HS 6 digit level 2021

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 3,433,308.48 (US$ Thousands).
  2. Portugal exported Automobiles with reciprocating piston engine di , worth 2,068,698.20 (US$ Thousands).
  3. Portugal exported Motor vehicle parts nes , worth 1,326,355.59 (US$ Thousands).
  4. Portugal exported Paper... (excl. mechanical fibres), weighing >= , worth 1,273,837.20 (US$ Thousands).
  5. Portugal exported New pneumatic tyres, of rubber of a kind used o , worth 1,178,260.59 (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 4,782,866.56 (US$ Thousands).
  2. Portugal imported Petroleum oils, etc, (excl. crude); preparation , worth 2,471,798.24 (US$ Thousands).
  3. Portugal imported Other medicaments of mixed or unmixed products, , worth 2,027,340.62 (US$ Thousands).
  4. Portugal imported Natural gas, liquefied , worth 1,686,267.96 (US$ Thousands).
  5. Portugal imported Motor vehicle parts nes , worth 1,528,364.53 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Portugal in 2021 are below

  • The maximum rate of tariff in percentage on any product was 158.96 percent.
  • The simple average tariff across all products was 2.22 percent.
  • The trade weighted average tariff was 1.80 .
  • The total duty free imports in thousands of US dollars were 17,938,931.46 and duty free tariff line items share was 61.54 percent.

Development Indicators 2021

Key Development Indicators of Portugal in 2021 are below

  • Portugal GDP in current US dollar was 253,983 million.
  • GNI per capita, Atlas method (current US$) was 23,880.00 .
  • Portugal Trade balance: as % of GDP was -2.85.
  • Trade balance in current US$ was -7,245.00 million.
  • Trade as percentage of GDP was 86.12 .
  • Trade in services as percentage of GDP was 20.57 .

Trade Indicators 2021

Trade Indicators for Portugal in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 15.43.
  • World Growth in percentage was 12.50 and Portugal Country Growth was 10.38 .