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Portugal Net Trade (Goods & Services, BoP)

Portugal's net trade (goods & services, bop) rose to $7.26 billion in 2024, up from $4.32 billion in 2023, according to World Bank. This represents an increase of 68% ($2.94 billion) from the previous year. Portugal has net trade (goods & services, bop) higher than the global median ($7.26 billion vs median -$215.12 million). Compared with the median in Europe, Portugal is higher ($7.26 billion vs regional median $1.60 billion) and ranks 16th out of 44 countries in Europe.

Yearly Historical Data (1975-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 7.26
2023 4.32
2022 -5.24
2021 -6.39
2020 -4.1
2019 2.17
2018 2.51
2017 3.51
2016 3.62
2015 2.95
2014 2.04
2013 3.94
2012 -0.04
2011 -9.05
2010 -17.5
2009 -16.49
2008 -24.35
2007 -17.63
2006 -16.19
2005 -16.84
2004 -14.71
2003 -10.54
2002 -10.82
2001 -12.22
2000 -12.93
1999 -13.03
1998 -10.96
1997 -9.07
1996 -8.44
1995 -7.28
1994 -7.05
1993 -6.69
1992 -8.62
1991 -6.88
1990 -5.59
1989 -3.78
1988 -4.63
1987 -2.5
1986 -0.77
1985 -0.77
1984 -1.64
1983 -2.76
1982 -4.69
1981 -6.64
1980 -3.46
1979 -2.11
1978 -1.77
1977 -1.91
1976 -2.11
1975 -1.77
Portugal Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Portugal, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $83.01B $83.62B 2024
Annual Imports $112.64B $113.69B 2024
Balance of Trade -€3B -€3.3B Aug'25
Exports €5.1B €7B Aug'25
Exports (% GDP) 46.48% 47.51% 2024
FDI Inflows (% GDP) 4.27% 3.95% 2024
Imports €8.1B €10.3B Aug'25
Imports (% GDP) 44.66% 46.36% 2024
Tariff Rate 1.95% 2.24% 2022
Trade (% GDP) 91.14% 93.86% 2024