Germany-Portugal Bilateral Trade Analysis 2023
Complete trade statistics: $21.76B total volume •Germany surplus: $4.51B
Germany → Portugal
$13.13B
Exports (2023)
Portugal → Germany
$8.63B
Imports (2023)
Trade Balance
$4.51B
Surplus for Germany
Total Trade
$21.76B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Germany and Portugal. Green line shows exports from Germany, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Germany-Portugal commercial relationship and competitive positioning in global markets.
Germany → Portugal Exports
Export Market Intelligence
🎯 Strategic Export Focus
Germany's export portfolio to Portugal demonstrates strong diversification across multiple sectors, with vehicles: with only electric motor for propulsion representing a key competitive advantage in this bilateral market.
Portugal → Germany Imports
Import Dependency Profile
📦 Import Strategy Analysis
Germany's import pattern from Portugal reveals significant dependencyin meters: speed indicators and tachometers: stroboscopes, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Germany demonstrates competitive strength in exportingvehicles: with only electric motor for propulsion to Portugal, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $21.76B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Germany-Portugal Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $21.76 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Germany maintains a surplus of $4.51 billion
- Export Focus: Germany's primary exports include vehicles: with only electric motor for propulsion, catalysts, supported: reaction initiators, reaction accelerators and catalytic preparations, with precious metal or precious metal compounds as the active substance, n.e.c. or included, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
- Import Dependencies: Key imports from Portugal include meters: speed indicators and tachometers: stroboscopes, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc, boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $21.76B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Germany leveraging its comparative advantages in vehicles: with only electric motor for propulsion.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Germany's specialization in vehicles: with only electric motor for propulsioncomplements Portugal's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in meters: speed indicators and tachometers: stroboscopes.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $21.76B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $21.76B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $21.76 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in vehicles: with only electric motor for propulsion and meters: speed indicators and tachometers: stroboscopes demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Germany's trade surplus of $4.51 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Germany and Portugal represents a total trade volume of $21.76 billion in 2023. This partnership demonstrates a favorable trade balance for Germany, with exports exceeding importsby $4.51 billion.
Export Strengths
Germany's exports to Portugal total $13.13 billion, with competitive advantages in vehicles: with only electric motor for propulsion, representing $465.45M or3.5% of bilateral exports.
Import Dependencies
Imports from Portugal amount to $8.63 billion, highlighting economic interdependence in meters: speed indicators and tachometers: stroboscopes, with Meters: speed indicators and tachometers: stroboscopes comprising7.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Germany's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Germany and Portugal in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023