Portugal (PRT)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Portugal - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | Spain (ESP) | 26.0% $21.54B | 33.1% $37.24B | 30.0% $58.78B |
| 2 | Germany (DEU) | 12.3% $10.25B | 11.3% $12.78B | 11.8% $23.03B |
| 3 | France (FRA) | 12.1% $10.06B | 7.2% $8.14B | 9.3% $18.21B |
| 4 | Italy (ITA) | 4.5% $3.73B | 5.2% $5.81B | 4.9% $9.54B |
| 5 | Netherlands (NLD) | 3.6% $2.98B | 5.6% $6.31B | 4.7% $9.29B |
| 6 | USA (USA) | 6.7% $5.57B | 2.2% $2.53B | 4.1% $8.10B |
| 7 | China (CHN) | 0.8% $642.80M | 4.8% $5.37B | 3.1% $6.01B |
| 8 | Belgium (BEL) | 2.6% $2.13B | 3.1% $3.54B | 2.9% $5.67B |
| 9 | Brazil (BRA) | 1.4% $1.19B | 3.5% $3.91B | 2.6% $5.10B |
| 10 | United Kingdom (GBR) | 4.6% $3.78B | 1.1% $1.27B | 2.6% $5.05B |
- In 2024, Portugal's total trade reached $195.7B.
- Exports totaled $83.0B, positioning Portugal at rank 38 globally.
- Imports amounted to $112.6B, with Portugal ranking #35.
- Spain was Portugal's largest export partner, accounting for 26.0% of total exports ($21.5B).
- Vehicles (HS2 87) were Portugal's top export product category, valued at $10.0B.
- Mineral fuels (HS2 27) were among Portugal's leading import products, totaling $12.1B.
Overview of Portugal's Trade in 2024
Portugal's trade activity in 2024 demonstrated significant global engagement. The country's total trade value reached $195.7B, positioning Portugal at rank 37 in global trade. Exports from Portugal amounted to $83.0B, while imports stood at $112.6B, resulting in a trade deficit of -$29.6B. The largest export category was Vehicles (HS2 87), and Spain was the top trade partner for both exports and imports.
Key Trade Partners of Portugal in 2024
Portugal's trade relations in 2024 were heavily concentrated with European partners. Spain was the leading export destination, receiving $21.5B, or 26.0% of Portugal's total exports. Other significant export partners included Germany with $10.2B (12.3%) and France with $10.1B (12.1%). For imports, Spain also dominated, supplying $37.2B (33.1%). Germany and France were the next largest import sources, contributing $12.8B (11.3%) and $8.1B (7.2%) respectively.
Major Traded Products of Portugal in 2024
In 2024, Portugal's export landscape was led by Vehicles (HS2 87), which accounted for $10.0B (12.1%) of all exports. Electrical machinery and equipment (HS2 85) followed with $7.2B (8.7%), and Mineral fuels (HS2 27) with $5.8B (7.0%). On the import side, Vehicles (HS2 87) were also the primary category, totaling $13.3B (11.8%). Mineral fuels (HS2 27) were the second largest import category at $12.1B (10.8%), with Electrical machinery and equipment (HS2 85) close behind at $10.8B (9.6%).
Exports
Portugal - exports over time (Exports), 2015-2024 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Portugal - export composition by product categories (Exports), 2024 (USD)
Portugal - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Portugal - imports over time (Imports), 2015-2024 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.