Industrial property Agricultural products Transport Nonagricultural products Other commercial services Travel Merchandise trade Trade in commercial services
Trade Profiles 2022
Portugal MERCHANDISE TRADE
Agricultural Products
Non-Agricultural Products
GDP (million current US$, 2021) 250 053 Rank in world trade, 2021 Exports Imports GDP per capita (US$, 2019-2021) 23 259 Merchandise 45 41 Current account balance (% GDP, 2021) -1.1 excluding intra-EU trade -Trade per capita (US$, 2019-2021) 9 695 Commercial services 35 42 Trade (% GDP, 2019-2021) 41.7 excluding intra-EU trade -Value Million US$ 2021 75 181 97 713 2021 2021 0.34 0.43 Breakdown in economy's total exports Breakdown in economy's total imports Value Value Top exported products (Million US$) 2021 Top imported products (Million US$) 2021 HS2204 Wine of fresh grapes 1 097 HS1201 Soya beans, whether or not broken 670 HS1509 Olive oil and its fractions 830 HS0201 Bovine meat, fresh, chilled 551 HS2402 Cigars, cheroots, cigarillos 824 HS1005 Maize (corn) 509 HS0810 Other fruit, fresh 342 HS1905 Bread, pastry, other bakers' wares 478 HS1905 Bread, pastry, other bakers' wares 325 HS1509 Olive oil and its fractions 435 Share in economy's trade in agricultural products Value Million US$ 2021 2010-2021 2020 2021 Exports 8 811 5 8 16 Imports 12 128 3 -1 17 Value Value Top exported products (Million US$) 2021 Top imported products (Million US$) 2021 HS8703 Motor cars for transport of persons 4 085 HS2709 Petroleum oils, crude 4 783 HS2710 Petroleum oils, other than crude 3 433 HS8703 Motor cars for transport of persons 4 068 HS8708 Parts for motor vehicles 8701-8075 3 333 HS8708 Parts for motor vehicles 8701-8075 3 192 HS6403 Footwear, uppers of leather 1 688 HS2710 Petroleum oils, other than crude 2 472 HS4802 Uncoated paper and paperboard 1 313 HS3004 Medicaments in measured doses 2 349 Share in economy's trade in non-agricultural products Value Million US$ 2021 2010-2021 2020 2021 Exports 66 350 4 -10 23 Imports 86 191 2 -15 28
Merchandise exports, f.o.b. 4 -8 22 Merchandise imports, c.i.f. Annual percentage change 2010-2021 2020 2021 2 -13 25 Share in world total imports (%) By main commodity group, % (2020) Share in world total exports (%) By main commodity group, % (2020) By main destination, % (2021) By main origin, % (2021) Annual percentage change Annual percentage change 0% 5% 10% HS8703 HS2710 HS8708 HS6403 HS4802 Exports 0% 2% 4% 6% HS2709 HS8703 HS8708 HS2710 HS3004 Imports 0% 2% 4% 6% HS1201 HS0201 HS1005 HS1905 HS1509 Imports 0% 10% 20% HS2204 HS1509 HS2402 HS0810 HS1905 Exports Agricultural products: 15.7 Fuels and mining products: 6.8 Manufactures: 76.8 Other: 0.7 Agricultural products: 17.1 Fuels and mining products: 11.2 Manufactures: 71.8 Other: 0 European Union: 71.2 United States of America: 5.6 United Kingdom: 5.2 Angola: 1.5 Morocco: 1.4 Other: 15.2 European Union: 73.6 China: 4.7 Brazil: 3.1 United States of America: 2.4 Nigeria: 1.7 Other: 14.4 Portugal 292 World Trade Organization – Trade Profiles 2022
TRADE IN
Value Million US$ 2021 31 817 20 703 2021 2021 0.53 0.37 Breakdown in economy's total exports Breakdown in economy's total imports Value FATS sales 2019 Inward (million US$) 38 242 Outward (million US$) 5 216 Value Million US$ 2021 Exports 6 608 Imports 5 587 Exports Value Imports Value Share (%) By sea (2021) 1 119 By sea (2021) 2 370 42.4 By air (2021) 2 833 By air (2021) 2 200 39.4 By other (2021) 2 410 By other (2021) 699 12.5 Value Million US$ 2021 Exports 11 760 Imports 4 227 Million US$ Value 2021 Other commercial services Exports 12 457 Imports 10 304 2021 Goods-related services Exports 992 Imports 584 Residents Total Residents Total Residents Total 695 263 958 19 349 2 237 21 586 244 13 257 Non-residents Non-residents Non-residents Other Commercial Services and Goods-related Services 2020 3 26 Annual percentage change 2010-2021 2021 2010-2021 2020 2021 -17 2 7 Exports of OCS by main item (2021) Patent applications, 2020 Trademark applications, 2020 Industrial design applications, 2020 Transport Annual percentage change 2010-2021 2020 2021 1 -36 1 1 -57 33 -45 35 INDUSTRIAL PROPERTY 6 -11 11 22 -3 4 By main services item, % (2021) By main destination, % (2020) Share in world total exports (%) Share in world total imports (%) Annual percentage change -36 26 3 2010-2021 2020 34 Commercial services exports Commercial services imports 3 2021
COMMERCIAL SERVICES Share (%) 16.9 42.9 36.5 4 17 -22 2 -3 -7 2010-2019 2018 2019 Annual percentage change By main services item, % (2021) By main origin, % (2020) Travel exports (Index 2010=100) -13 -8 2020 Travel 2021 2010-2021 Transport exports (Index 2010=100) 22 4 -31 70 Annual percentage change 0 100 200 300 2010 2014 2018 2021 Portugal World 0 100 200 2010 2014 2018 2021 Portugal World Transport: 20.8 Travel: 37 Other commercial services: 39.2 Goods-related services: 3.1 Transport: 27 Travel: 20.4 Other commercial services: 49.8 Goods-related services: 2.8 European Union: 60.7 United Kingdom: 14.1 United States of America: 6.5 Switzerland: 4.6 Brazil: 2.4 Other: 11.8 European Union: 57.7 United Kingdom: 11.9 United States of America: 6.8 Switzerland: 2.8 Brazil: 2.6 Other: 18.2 51.3 31.3 8.0 9.4 Other business services ICTs Construction Other Portugal 293 World Trade Organization – Trade Profiles 2022