Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Portugal | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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2023
TOTAL. ALL COMMODITIESPortugalWorldExportsValue (US$)58,140,499,722.0062,794,139,450.0063,834,385,666.0055,045,025,717.8055,371,549,249.5762,116,840,516.2774,135,905,807.8667,064,074,174.9461,400,262,160.6675,242,766,894.0682,559,524,451.5683,908,917,683.58
Value Growth, YoY (%)-2.428.001.65-13.760.5912.1819.34-9.53-8.4422.549.721.63
ImportsValue (US$)72,506,492,414.0075,713,900,496.0078,395,890,972.0066,909,182,383.9767,952,834,136.5678,746,119,203.7495,629,298,715.0589,541,379,731.2277,834,419,563.8298,337,110,276.91115,291,040,249.92113,486,252,512.05
Value Growth, YoY (%)-12.564.423.54-14.651.5515.8821.44-6.36-13.0726.3417.24-1.56

The value of merchandise exports from Portugal totalled $ 83 billion in 2023. Merchandise exports from Portugal increased by 1.63% compared to 2022. Goods exports grew up by $ 1.34 billion in 2023 (the value of merchandise exports from Portugal amounted to $82 billion in 2022)

Portugal's exports 2023 by country

Top export destinations of commodities from Portugal in 2023:

  • Spain with a share of 25% (21 billion US$)
  • France with a share of 13% (10.9 billion US$)
  • Germany with a share of 10.8% (9.08 billion US$)
  • USA with a share of 6.74% (5.66 billion US$)
  • United Kingdom with a share of 4.69% (3.94 billion US$)
  • Italy with a share of 4.25% (3.56 billion US$)
  • Netherlands with a share of 3.48% (2.92 billion US$)
  • Belgium with a share of 2.55% (2.14 billion US$)
  • Ship stores and aircraft supplies with a share of 2.48% (2.08 billion US$)
  • Angola with a share of 1.62% (1.36 billion US$)

Exports structure from Portugal in 2023 represented by the following main commodity groups:

  • 12.4% (10.4 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 8.56% (7.18 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 6.84% (5.74 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.61% (5.54 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 4.7% (3.94 billion US$): 39 - Plastics and articles thereof
  • 3.47% (2.91 billion US$): 30 - Pharmaceutical products
  • 3.12% (2.62 billion US$): 73 - Articles of iron or steel
  • 3.08% (2.59 billion US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.s.; illuminated signs, illuminated name-plates and the like; prefabricated buildings
  • 3% (2.51 billion US$): 61 - Articles of apparel and clothing accessories, knitted or crocheted
  • 2.95% (2.48 billion US$): 48 - Paper and paperboard; articles of paper pulp, of paper or of paperboard

What did Portugal export in 2023?

Portugal's Top Exports in 2023:

  • 5.38% ($4.51 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 5.17% ($4.33 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 4.32% ($3.62 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 2.05% ($1.72 billion): 6403 - Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather
  • 1.88% ($1.58 billion): 4011 - New pneumatic tyres, of rubber
  • 1.79% ($1.5 billion): 9029 - Revolution counters, production counters, taximeters, mileometers, pedometers and the like; speed indicators and tachometers, other than those of heading 90.14 or 90.15; stroboscopes
  • 1.67% ($1.4 billion): 3003 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of two or more constituents which have been mixed together for therapeutic or prophylactic uses, not put up in measured doses or in forms or packings for retail sale
  • 1.63% ($1.37 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 1.59% ($1.33 billion): 4802 - Uncoated paper and paperboard, used for writing, printing or other graphics, non perforated punch-cards and punch tape paper, in rolls or rectangular sheets, of any size, other than paper of heading 4801 or 4803; hand-made paper and paperboard
  • 1.46% ($1.22 billion): 8704 - Motor vehicles for the transport of goods

The value of merchandise imports to Portugal totalled $ 113 billion in 2023. Overall commodity imports to Portugal decreased by 1.56% compared to 2022. Merchandise imports decreased by $ 1.8 billion (the value of merchandise imports to Portugal was equal to $115 billion in 2022)

Portugal's imports 2023 by country

Top trading partners (import sources) of Portugal in 2023:

  • Spain with a share of 33% (38 billion US$)
  • Germany with a share of 11.5% (13.1 billion US$)
  • France with a share of 6.95% (7.89 billion US$)
  • Netherlands with a share of 5.33% (6.05 billion US$)
  • China with a share of 4.97% (5.64 billion US$)
  • Italy with a share of 4.96% (5.63 billion US$)
  • Brazil with a share of 3.49% (3.96 billion US$)
  • Belgium with a share of 3.15% (3.57 billion US$)
  • USA with a share of 2.14% (2.43 billion US$)
  • Poland with a share of 1.89% (2.15 billion US$)

Imports structure to Portugal in 2023 represented by the following main commodity groups:

  • 11.8% (13.5 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 11.6% (13.2 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 9.8% (11.1 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 8.2% (9.31 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.54% (5.16 billion US$): 39 - Plastics and articles thereof
  • 3.39% (3.85 billion US$): 30 - Pharmaceutical products
  • 3.34% (3.8 billion US$): 72 - Iron and steel
  • 2.72% (3.09 billion US$): 29 - Organic chemicals
  • 2.1% (2.38 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.1% (2.38 billion US$): 03 - Fish and crustaceans, molluscs and other aquatic invertebrates

What did Portugal import in 2023?

Portugal's Top Imports in 2023:

  • 6.24% ($7.09 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 5.22% ($5.92 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 3.23% ($3.67 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 2.93% ($3.33 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 2.37% ($2.69 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 2.11% ($2.4 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 1.35% ($1.53 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.23% ($1.39 billion): 8541 - Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers); including photovoltaic cells assembled or not in modules or panels, light-emitting diodes (LED) assembled with other LEDs or not, mounted piezo-electric crystals
  • 1.23% ($1.39 billion): 8542 - Electronic integrated circuits and microassemblies
  • 1.16% ($1.31 billion): 2933 - Heterocyclic compounds with nitrogen hetero-atom(s) only

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Portugal | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023