Country export capability

Portugal
export capability

A reported view of Portugal's export scale, destination network, sector breadth, trade history, and market-access context. Use the indicators together; no single measure describes export readiness on its own.

PRT1995-2024 coverage270 active partner marketsMacro trend resilient
Latest exports$82.6B2024 reported value
Latest imports$111.4B2024 reported value
Trade balance-$28.7BExports minus imports
Export growth+0.2%Latest year-on-year change
Active partners270Latest reported markets

Country export profile overview

Portugal export data in one research view

This profile brings together export performance, trade balance, destination markets, HS2 sectors, partner breadth, history, and market-access context for country export research.

Export scale and balance

Start with the latest reported trade position

In 2024, Portugal recorded $82.6B in exports and $111.4B in imports. The resulting -$28.7B trade balance gives the latest country-level position a clear context.

Exports changed +0.2% year on year and show a calculated +3.4% three-year CAGR. CAGR is an annualized comparison of reported values, not a forecast.

Markets and sectors

See where export value is concentrated

Spain received $19.8B in reported exports, representing 24% of the latest country total. Vehicles was the largest displayed HS2 export sector at $10.3B and 12.5% of exports.

The visible page highlights five leading destinations and five leading HS2 sectors, while the complete structured files retain every row supplied for this sample.

History and coverage

Read today's number against the long series

The country series covers 1995 through 2024, with 30 observed annual rows. That longer view helps separate a single-year movement from the broader export trend.

Partner counts, tariff context, concentration, exposure shares, and momentum are supporting indicators calculated from available trade observations. Missing values remain unavailable rather than estimated.

Economy and structure

The context around Portugal's export base

Macroeconomic and structural indicators add context to merchandise trade scale. They describe the country environment; they do not predict company performance or future exports.

GDP$313.3B2024 macro context
GDP per capita$29.3KCurrent-dollar GDP
Population10.7MReported population
Labor force5KReported labor force
Investment rate23%National investment rate
Savings rate19.3%National savings rate
Trade openness74.4%Exports + imports / GDP
Exports / GDP31.7%Merchandise exports / GDP
Secondary education69.1%Education context
Tertiary education16.4%Education context

Market signals

Where to look more closely next

Route-level risk and emerging-corridor signals for further research. These are calculated indicators, not forecasts.

Destination risk contextAll covered routes
Destination risk context for Portugal
DestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
SpainESPWatch34.2%24.3%0%Buyer-market concentration is the largest observed corridor exposure
GermanyDEUWatch17.7%22.9%0%Volatile products account for the largest observed corridor exposure
ChinaCHNHigh attention86.7%21%30.2%Tariff, distance or agreement conditions create market-access friction
USA, Puerto Rico and US Virgin IslandsUSAWatch33.8%16.5%4.7%Volatile products account for the largest observed corridor exposure
SingaporeSGPCritical attention41%29.3%0.4%Buyer-market concentration is the largest observed corridor exposure
AngolaAGOHigh attention58.1%61.1%9.4%Current trade remains materially below historical peaks
FranceFRAWatch16.5%27.1%0%Volatile products account for the largest observed corridor exposure
TaiwanTWNCritical attention84.7%47.1%Not reportedTariff, distance or agreement conditions create market-access friction
CanadaCANHigh attention50.4%32.5%7.3%Volatile products account for the largest observed corridor exposure
JapanJPNHigh attention74%22.9%4%Volatile products account for the largest observed corridor exposure

Full route coverage is retained. High attention means the route deserves closer product and access review.

Market opportunity signals

Product-market combinations worth investigating

All returned rows use buyer demand, exporter position, and calculated addressable-value fields. They are research signals, not forecasts.

Addressable-value signalsAll returned rows
Market opportunity signals for Portugal
RankMarket and productBuyer importsAddressable 3-year valueCurrent shareDemand signal
1ChinaHS6 260111 · Iron ores and concentrates: non-agglomerated$111.0B$119.1B0%Accelerating -2.6%
2USA, Puerto Rico and US Virgin IslandsHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$165.0B$115.5B0%Declining +1.1%
3ChinaHS6 854231 · Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits$158.0B$93.1B0%Growing +10.5%
4IndiaHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$130.1B$73.0B0%Accelerating -0.5%
5ChinaHS6 854232 · Electronic integrated circuits: memories$80.6B$65.7B0%Growing +20.6%
6ChinaHS6 120190 · Soya beans: other than seed, whether or not broken$47.8B$62.4B0%Declining -13.5%
7ChinaHS6 854239 · Electronic integrated circuits: n.e.c. in heading no. 8542$81.8B$61.2B0.1%Accelerating +4%
8USA, Puerto Rico and US Virgin IslandsHS6 851712 · Telephones for cellular networks or for other wireless networks$53.9B$53.8B0%Accelerating -8.8%

Addressable value is a calculated field. Validate product, buyer, tariff, and route conditions before commercial decisions.

Detailed export portfolioHS4 lines beneath the leading sectorsOpen the detailed four-digit export table for Portugal.
All HS4 export lines2024 ranking
Top HS4 export lines for Portugal
RankHS4Parent HS2 sectorExportsShareActive HS6
18703HS4 detail codeVehicles (87) ↗$4.5B5.4%14
22710HS4 detail codeMineral fuels (27) ↗$3.6B4.3%5
38708HS4 detail codeVehicles (87) ↗$3.6B4.3%14
43004HS4 detail codePharmaceutical products (30) ↗$1.7B2.1%12
53003HS4 detail codePharmaceutical products (30) ↗$1.7B2%9
61509HS4 detail codeAnimal and vegetable fats (15) ↗$1.6B2%2
76403HS4 detail codeFootwear (64) ↗$1.6B2%8
84011HS4 detail codeRubber (40) ↗$1.6B1.9%8
99029HS4 detail codeOptical and medical instruments (90) ↗$1.3B1.6%3
104802HS4 detail codePaper and paperboard (48) ↗$1.3B1.5%11
118704HS4 detail codeVehicles (87) ↗$1.2B1.4%7
128544HS4 detail codeElectrical machinery (85) ↗$1.1B1.4%8

HS4 values are reported observations. The hierarchy is preserved; no missing descriptions are inferred.

The country export read

Portugal combines $82.6B in exports with a broad partner network.

In 2024, Portugal recorded $82.6B in reported exports and $111.4B in imports, producing a reported trade deficit of $28.7B. Exports changed +0.2% year on year and +3.4% annualized over three years. Vehicles (HS2 87) was the largest displayed export sector by value.

Destination network

Where Portugal exports move

All returned destination lanes ranked by latest reported export value. Share is calculated against the country total. Review sources ↗

Latest reported destination lanesAll returned · 2024
Leading export destinations for Portugal
RankDestinationLatest exportsShareYear-on-year3-year CAGR
1SpainESP$19.8B24%-1.3%+1%
2GermanyDEU$9.6B11.6%+11.4%+5.7%
3FranceFRA$8.8B10.7%-7.7%+0.3%
4USA, Puerto Rico and US Virgin IslandsUSA$6.2B7.5%+1.5%+10.9%
5United KingdomGBR$4.2B5.1%-2.1%+4.5%
6ItalyITA$3.8B4.6%+5.5%+6.2%
7NetherlandsNLD$2.6B3.2%-1.4%-1.8%
8ChinaCHN$2.2B2.7%+6%-1.1%
9BelgiumBEL$1.8B2.2%+0.5%+4%
10MoroccoMAR$1.4B1.7%+0.3%+2.8%

Destination values are reported country-to-country observations. Full returned rows remain in the downloads.

Trade history

A long view of export scale

Latest twelve years from the 30-year reported country series. Context, not a forecast.

Reported exports by year

2013
$61.5B
2014
$62.7B
2015
$54.5B
2016
$54.5B
2017
$60.3B
2018
$70.6B
2019
$66.2B
2020
$61.4B
2021
$74.8B
2022
$81.7B
2023
$82.4B
2024
$82.6B

Partner network

Scale is only one part of export capability

Partner breadth, distance, agreements, and tariffs add context to reported exports.

FTA partner markets108Reported count
WTO partner markets169Reported count
EU partner markets28Reported count
Shared-border partners1Country context
Shared-language partners8Country context
Average partner distance6,877 kmCalculated average
Partners with FTA40%Calculated share
Applied tariff context0.1%Calculated average
MFN tariff context0.1%Calculated average
Tariff advantage+0.1 ppPreferential vs MFN

Exposure context

Signals to examine alongside export scale

Calculated or classified route and country context. Not predictions or recommendations.

Attention share31.2%

Covered value under attention

Critical share2.6%

Covered value marked critical

Below historical peak23.5%

Distance below route peaks

FTA-covered exports83.1%

Covered value with FTA context

Weighted tariff context0%

Export-weighted tariff

Macro contextMacro trend resilient

Primary attention driver: High trade volatility.

Momentum score1.2

History-based indicator

Partner concentration973.9

Partner HHI

Product concentration60

Product HHI

Country attention level: Watch. Missing fields remain unavailable.

Complete country valuesOpen the full profile evidenceFull history, sectors, HS4, destinations, risk, opportunities, and source fields.

Profile fields

Year2,024
Country Iso3PRT
Exports Usd$82.6B
Imports Usd$111.4B
Trade Balance Usd-$28.7B
Yoy Exports Growth Pct0.2%
Yoy Imports Growth Pct0.1%
Exports Cagr 3y Pct3.4%
Imports Cagr 3y Pct4.4%
Export Partner Hhi973.9
Export Product Hhi60
Momentum Score1.2
Risk Score5.2
Gdp Million Usd313,271.19 million USD
Gdp Per Capita Usd$29.3K
Population10,694,681
Labor Force5,032
Investment Rate Pct23%
Savings Rate Pct19.3%
Secondary Education Pct69.1%
Tertiary Education Pct16.4%
Total Factor Productivity1,425
Trade Openness Pct74.4%
Exports Gdp Pct31.7%
Num Active Partners270
Num Fta Partners108
Num Wto Partners169
Num Eu Partners28
Num Shared Border Partners1
Num Shared Language Partners8
Avg Partner Distance Km6,877 km
Avg Partner Gdp Million Usd533,678,518.33 million USD
Avg Partner Gdp Per Capita Usd$15.8
Avg Buyer Biz Entry DaysNot reported
Avg Buyer Biz Entry Cost PctNot reported
Pct Partners With Fta40
Pct Partners Shared Language3
Pct Partners Shared Border0
Avg Applied Tariff Pct0.1%
Avg Mfn Tariff Pct0.1%
Avg Preferential Tariff Pct0%
Tariff Advantage Pp+0.1 pp
Avg Distance All Partners Km6,820
Num Border Partners25
Num Colonial Partners175
Avg Substitution Elasticity-10.7
Pct Products High Elasticity76
Pct Products Low Elasticity3
Real Market Potential178,232.6
Foreign Market Potential15,846.5

Exposure fields

Country Iso3PRT
All History Lane Count31,857
Current Lane Count24,923
Critical Lane Count54
High Attention Lane Count2,375
High Volatility Lane Count14,627
Unrecovered Drawdown Lane Count10,915
Declining Demand Lane Count188
Concentrated Market Lane Count9,044
Access Friction Lane Count2,232
Buyer Macro Weakness Lane Count840
Monitored Exports Current Usd$76.6B
Attention Exports Usd$23.9B
Critical Exports Usd$2.0B
High Volatility Exports Usd$36.4B
Unrecovered Drawdown Exports Usd$13.9B
Non Fta Exports Usd$11.8B
Monitored Attention Share Pct31.2%
Monitored Critical Share Pct2.6%
Fta Covered Exports Share Pct83.1%
Export Weighted Volatility Cv1.1
Export Weighted Below Peak Pct23.5%
Export Weighted Distance Km2,601 km
Export Weighted Tariff Pct0%
Latest Data Year2,024
First Data Year1,995
Country Years Count30
Total Exports Latest Usd$82.6B
Total Imports Latest Usd$111.4B
Trade Balance Latest Usd-$28.7B
Exports Yoy Latest Pct0.2%
Exports Cagr 3y Latest Pct3.4%
Gdp Latest Million Usd313,271.19 million USD
Gdp Per Capita Latest Usd$29.3K
Population Latest10,694,681
Investment Rate Latest Pct23%
Savings Rate Latest Pct19.3%
Trade Openness Latest Pct74.4%
Exports Gdp Latest Pct31.7%
Active Partners Latest270
Fta Partners Latest108
Foreign Market Potential Latest15,846.5
Gdp 5y Cagr Pct5.5%
Gdp Per Capita 5y Cagr Pct4.6%
Population 5y Cagr Pct0.8%
Partner Hhi Latest973.9
Partner Top1 Share Latest Pct24%
Partner Top3 Share Latest Pct46.3%
Partner Hhi All Avg1,067
Partner Hhi All Max1,236.6
Product Hhi Latest60
Product Top1 Share Latest Pct3.1%
Product Top3 Share Latest Pct7.4%
Product Hhi All Avg75.5
Product Hhi All Max133.5
Total Exports Attention Share Pct28.9%
Total Exports Critical Share Pct2.4%
Attention LevelWatch
Primary Risk DriverHigh trade volatility
Macro Resilience LabelMacro trend resilient

Annual country history

YearExportsImportsTrade balanceExports YoYExports CAGR 3Y
1995$21.8B$31.4B-$9.6BNot reportedNot reported
1996$22.2B$32.9B-$10.7B+1.9%Not reported
1997$22.3B$34.1B-$11.8B+0.3%Not reported
1998$22.8B$36.0B-$13.2B+2.6%+1.6%
1999$24.0B$40.1B-$16.1B+5.2%+2.7%
2000$24.1B$39.9B-$15.7B+0.4%+2.7%
2001$23.8B$40.2B-$16.4B-1.4%+1.4%
2002$25.8B$41.3B-$15.5B+8.5%+2.4%
2003$31.6B$47.6B-$16.0B+22.4%+9.4%
2004$41.2B$63.3B-$22.0B+30.6%+20.1%
2005$37.8B$64.0B-$26.2B-8.5%+13.5%
2006$44.2B$71.9B-$27.7B+17.1%+11.9%
2007$48.9B$81.1B-$32.2B+10.6%+5.9%
2008$53.5B$92.8B-$39.3B+9.4%+12.3%
2009$42.4B$70.6B-$28.3B-20.8%-1.4%
2010$47.3B$77.0B-$29.7B+11.6%-1.1%
2011$57.5B$82.4B-$24.9B+21.5%+2.4%
2012$57.1B$72.0B-$14.9B-0.6%+10.4%
2013$61.5B$75.6B-$14.1B+7.7%+9.1%
2014$62.7B$78.3B-$15.6B+2%+2.9%
2015$54.5B$66.0B-$11.6B-13.1%-1.6%
2016$54.5B$67.6B-$13.1B+0.1%-3.9%
2017$60.3B$77.7B-$17.4B+10.6%-1.3%
2018$70.6B$92.1B-$21.5B+17.1%+9%
2019$66.2B$89.6B-$23.4B-6.2%+6.7%
2020$61.4B$78.0B-$16.6B-7.2%+0.6%
2021$74.8B$97.9B-$23.1B+21.8%+2%
2022$81.7B$113.1B-$31.4B+9.2%+7.3%
2023$82.4B$111.2B-$28.8B+0.9%+10.3%
2024$82.6B$111.4B-$28.7B+0.2%+3.4%

Top export sectors

RankHS2SectorExportsShareExport partnersActive HS6
187Vehicles$10.3B12.5%16887
285Electrical machinery$8.4B10.2%177262
384Machinery$5.3B6.5%181515
427Mineral fuels$4.5B5.4%16043
530Pharmaceutical products$3.8B4.7%16642
639Plastics$3.5B4.3%172129
761Knitted clothing$2.6B3.2%166106
848Paper and paperboard$2.5B3%169101
990Optical and medical instruments$2.3B2.8%172142
1094Furniture and lighting$2.3B2.7%15942

Detailed HS4 export lines

RankHS4Parent HS2ExportsShareActive HS6
18703Vehicles (87)$4.5B5.4%14
22710Mineral fuels (27)$3.6B4.3%5
38708Vehicles (87)$3.6B4.3%14
43004Pharmaceutical products (30)$1.7B2.1%12
53003Pharmaceutical products (30)$1.7B2%9
61509Animal and vegetable fats (15)$1.6B2%2
76403Footwear (64)$1.6B2%8
84011Rubber (40)$1.6B1.9%8
99029Optical and medical instruments (90)$1.3B1.6%3
104802Paper and paperboard (48)$1.3B1.5%11
118704Vehicles (87)$1.2B1.4%7
128544Electrical machinery (85)$1.1B1.4%8

Top export destinations

RankDestinationISO3ExportsShareYoYCAGR 3Y
1SpainESP$19.8B24%-1.3%+1%
2GermanyDEU$9.6B11.6%+11.4%+5.7%
3FranceFRA$8.8B10.7%-7.7%+0.3%
4USA, Puerto Rico and US Virgin IslandsUSA$6.2B7.5%+1.5%+10.9%
5United KingdomGBR$4.2B5.1%-2.1%+4.5%
6ItalyITA$3.8B4.6%+5.5%+6.2%
7NetherlandsNLD$2.6B3.2%-1.4%-1.8%
8ChinaCHN$2.2B2.7%+6%-1.1%
9BelgiumBEL$1.8B2.2%+0.5%+4%
10MoroccoMAR$1.4B1.7%+0.3%+2.8%

Destination risk context

RankDestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
1Spain (ESP)Watch34.2%24.3%0%Buyer-market concentration is the largest observed corridor exposure
2Germany (DEU)Watch17.7%22.9%0%Volatile products account for the largest observed corridor exposure
3China (CHN)High attention86.7%21%30.2%Tariff, distance or agreement conditions create market-access friction
4USA, Puerto Rico and US Virgin Islands (USA)Watch33.8%16.5%4.7%Volatile products account for the largest observed corridor exposure
5Singapore (SGP)Critical attention41%29.3%0.4%Buyer-market concentration is the largest observed corridor exposure
6Angola (AGO)High attention58.1%61.1%9.4%Current trade remains materially below historical peaks
7France (FRA)Watch16.5%27.1%0%Volatile products account for the largest observed corridor exposure
8Taiwan (TWN)Critical attention84.7%47.1%Not reportedTariff, distance or agreement conditions create market-access friction
9Canada (CAN)High attention50.4%32.5%7.3%Volatile products account for the largest observed corridor exposure
10Japan (JPN)High attention74%22.9%4%Volatile products account for the largest observed corridor exposure

Emerging corridor signals

RankDestinationHS6SignalMarket importsCurrent shareStrength
1Afghanistan (AFG)842839new$583.4K68.3%100
2China (CHN)847740new$314.2M0.1%100
3Bulgaria (BGR)220720new$6.2M4.1%100
4Bahamas (BHS)847730new$910.8K41.6%100
5Australia (AUS)250510new$8.8M3.4%100
6Bulgaria (BGR)110100new$7.9M4.7%100
7Chile (CHL)080212new$22.8M0.4%100
8Cabo Verde (CPV)240391new$107.9K100%100
9United Arab Emirates (ARE)847971new$1.7M8.8%100
10Australia (AUS)290729new$5.9M12.8%100

Market opportunity signals

RankMarketHS6Buyer importsAddressable 3-year valueCurrent shareSignal
1China (CHN)260111$111.0B$119.1B0%Accelerating (-2.6%)
2USA, Puerto Rico and US Virgin Islands (USA)270900$165.0B$115.5B0%Declining (+1.1%)
3China (CHN)854231$158.0B$93.1B0%Growing (+10.5%)
4India (IND)270900$130.1B$73.0B0%Accelerating (-0.5%)
5China (CHN)854232$80.6B$65.7B0%Growing (+20.6%)
6China (CHN)120190$47.8B$62.4B0%Declining (-13.5%)
7China (CHN)854239$81.8B$61.2B0.1%Accelerating (+4%)
8USA, Puerto Rico and US Virgin Islands (USA)851712$53.9B$53.8B0%Accelerating (-8.8%)

How to read this page

Separate reported scale from calculated context.

Reported exports, imports, trade balance, sector rows, destination rows, and annual history describe merchandise trade observations for the stated country and year.

CAGR, shares, concentration measures, tariff context, exposure shares, and momentum are calculated indicators built from the available observations. They help organize research but are not additional reported trade or forecasts.

Coverage runs from 1995 through 2024 for this profile. Missing values are shown as Not reported. Read the full methodology ↗

Reported observations

OECD BIMTS merchandise trade values are the primary series for this view.

Calculated indicators

Growth, share, HHI, tariff, and exposure fields are derived from available reported values.

Coverage limits

Unavailable values remain unavailable. No company sales, shipment records, or forecasts are implied.

Questions about this profile

Portugal export capability, in context

Short answers for readers comparing country export scale, partner breadth, and calculated trade indicators.

What does the Portugal export profile measure?

It combines reported exports, imports, history, destinations, HS2 sectors, partner context, and calculated indicators for Portugal.

What is the latest reported export value for Portugal?

Portugal recorded $82.6B in reported exports in 2024.

Which markets receive the most exports from Portugal?

Spain leads by reported export value at $19.8B in 2024. Five destination lanes are highlighted.

Which sectors lead Portugal's exports?

Vehicles leads by reported value at $10.3B. Five HS2 chapters are highlighted.

How many years of Portugal trade history are available?

This sample contains 30 observed annual rows covering 1995 through 2024. Missing observations are not estimated.

Are the growth and exposure values forecasts?

No. They are calculated or classified from reported observations, not forecasts or market-access guarantees.

Continue your research

Take the country view into a broader Yugalinks workspace.

Compare countries, products, sectors, and routes using the available trade evidence and definitions.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.