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Portugal Trade Summary

2022

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 2022

Overall Exports and Imports for Portugal 2022

Exports and imports of Portugal in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 82,560 million.
  • The total value of imports (CIF) was 115,291 million.
  • At the HS6 digit level, 4,195 products were exported to 212 countries and 4,465 products were imported from 214 countries.

Portugal top 5 Export and Import partners 2022

Top five countries to which Portugal exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Portugal exports to Spain worth US$ 21,653 million, with a partner share of 26.23 percent.
  2. Portugal exports to France worth US$ 10,192 million, with a partner share of 12.35 percent.
  3. Portugal exports to Germany worth US$ 8,953 million, with a partner share of 10.84 percent.
  4. Portugal exports to United States worth US$ 5,340 million, with a partner share of 6.47 percent.
  5. Portugal exports to United Kingdom worth US$ 4,044 million, with a partner share of 4.90 percent.

Top five countries from which Portugal imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Portugal imports from Spain worth US$ 36,818 million, with a partner share of 31.93 percent.
  2. Portugal imports from Germany worth US$ 12,717 million, with a partner share of 11.03 percent.
  3. Portugal imports from France worth US$ 7,032 million, with a partner share of 6.10 percent.
  4. Portugal imports from China worth US$ 5,872 million, with a partner share of 5.09 percent.
  5. Portugal imports from Netherlands worth US$ 5,788 million, with a partner share of 5.02 percent.

Portugal Top 5 Productsexports imports at HS 6 digit level 2022

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 5,675,993.87 (US$ Thousands).
  2. Portugal exported Automobiles with reciprocating piston engine di , worth 2,247,179.34 (US$ Thousands).
  3. Portugal exported Paper... (excl. mechanical fibres), weighing >= , worth 1,770,199.95 (US$ Thousands).
  4. Portugal exported Motor vehicle parts nes , worth 1,329,035.69 (US$ Thousands).
  5. Portugal exported Speed indicators and tachometers; stroboscopes , worth 1,322,267.88 (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 7,755,299.15 (US$ Thousands).
  2. Portugal imported Natural gas, liquefied , worth 3,966,023.95 (US$ Thousands).
  3. Portugal imported Petroleum oils, etc, (excl. crude); preparation , worth 3,882,112.86 (US$ Thousands).
  4. Portugal imported Electrical energy , worth 2,228,295.79 (US$ Thousands).
  5. Portugal imported Other medicaments of mixed or unmixed products, , worth 2,135,966.63 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Portugal in 2022 are below

  • The maximum rate of tariff in percentage on any product was 175.99 percent.
  • The simple average tariff across all products was 2.11 percent.
  • The trade weighted average tariff was 1.40 .
  • The total duty free imports in thousands of US dollars were 24,276,100.80 and duty free tariff line items share was 66.77 percent.

Development Indicators 2022

Key Development Indicators of Portugal in 2022 are below

  • Portugal GDP in current US dollar was 251,945 million.
  • GNI per capita, Atlas method (current US$) was 25,800.00 .
  • Portugal Trade balance: as % of GDP was -2.54.
  • Trade balance in current US$ was -6,398.00 million.
  • Trade as percentage of GDP was 102.64 .
  • Trade in services as percentage of GDP was 28.04 .

Trade Indicators 2022

Trade Indicators for Portugal in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 15.11.
  • World Growth in percentage was 5.18 and Portugal Country Growth was 4.77 .