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Portugal Trade Summary

2023

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 2023

Overall Exports and Imports for Portugal 2023

Exports and imports of Portugal in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 83,625 million.
  • The total value of imports (CIF) was 113,691 million.
  • At the HS6 digit level, 4,200 products were exported to 216 countries and 4,477 products were imported from 217 countries.

Portugal top 5 Export and Import partners 2023

Top five countries to which Portugal exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Portugal exports to Spain worth US$ 21,529 million, with a partner share of 25.75 percent.
  2. Portugal exports to France worth US$ 10,943 million, with a partner share of 13.09 percent.
  3. Portugal exports to Germany worth US$ 8,952 million, with a partner share of 10.71 percent.
  4. Portugal exports to United States worth US$ 5,664 million, with a partner share of 6.77 percent.
  5. Portugal exports to United Kingdom worth US$ 3,939 million, with a partner share of 4.71 percent.

Top five countries from which Portugal imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Portugal imports from Spain worth US$ 38,425 million, with a partner share of 33.80 percent.
  2. Portugal imports from Germany worth US$ 12,974 million, with a partner share of 11.41 percent.
  3. Portugal imports from France worth US$ 7,884 million, with a partner share of 6.93 percent.
  4. Portugal imports from Netherlands worth US$ 6,218 million, with a partner share of 5.47 percent.
  5. Portugal imports from Italy worth US$ 5,698 million, with a partner share of 5.01 percent.

Portugal Top 5 Productsexports imports at HS 6 digit level 2023

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 4,387,996.21 (US$ Thousands).
  2. Portugal exported Automobiles with reciprocating piston engine di , worth 2,303,530.96 (US$ Thousands).
  3. Portugal exported Motor vehicle parts nes , worth 1,594,319.01 (US$ Thousands).
  4. Portugal exported New pneumatic tyres, of rubber of a kind used o , worth 1,457,929.58 (US$ Thousands).
  5. Portugal exported Speed indicators and tachometers; stroboscopes , worth 1,396,531.21 (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 5,925,094.57 (US$ Thousands).
  2. Portugal imported Petroleum oils, etc, (excl. crude); preparation , worth 3,359,379.16 (US$ Thousands).
  3. Portugal imported Automobiles nes including gas turbine powered , worth 3,012,343.78 (US$ Thousands).
  4. Portugal imported Other medicaments of mixed or unmixed products, , worth 2,262,108.63 (US$ Thousands).
  5. Portugal imported Motor vehicle parts nes , worth 1,699,409.79 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Portugal in 2023 are below

  • The maximum rate of tariff in percentage on any product was 250.10 percent.
  • The simple average tariff across all products was 2.30 percent.
  • The trade weighted average tariff was 1.76 .
  • The total duty free imports in thousands of US dollars were 18,526,702.58 and duty free tariff line items share was 62.53 percent.

Development Indicators 2023

Key Development Indicators of Portugal in 2023 are below

  • Portugal GDP in current US dollar was 289,697 million.
  • GNI per capita, Atlas method (current US$) was 26,160.00 .
  • Portugal Trade balance: as % of GDP was 1.15.
  • Trade balance in current US$ was 3,329.00 million.
  • Trade as percentage of GDP was 93.86 .
  • Trade in services as percentage of GDP was 28.82 .

Trade Indicators 2023

Trade Indicators for Portugal in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 15.37.
  • World Growth in percentage was -3.13 and Portugal Country Growth was 1.17 .