India-Portugal Bilateral Trade Analysis 2023
Complete trade statistics: $1.22B total volume •India surplus: $1.22B
India → Portugal
$1.22B
Exports (2023)
Portugal → India
$0
Imports (2023)
Trade Balance
$1.22B
Surplus for India
Total Trade
$1.22B
Combined Volume
Trade Flow Visualization
Direct trade relationship between India and Portugal. Green line shows exports from India, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the India-Portugal commercial relationship and competitive positioning in global markets.
India → Portugal Exports
Export Market Intelligence
🎯 Strategic Export Focus
India's export portfolio to Portugal demonstrates strategic specialization, with 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 representing a key competitive advantage in this bilateral market.
Portugal → India Imports
Import Dependency Profile
📦 Import Strategy Analysis
India's import pattern from Portugal reveals significant dependencyin antibiotics: tetracyclines and their derivatives: salts thereof, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
India demonstrates competitive strength in exportingpetroleum 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 to Portugal, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.22B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: India-Portugal Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.22 billionrepresenting a significant bilateral economic relationship
- Trade Balance: India maintains a surplus of $1.22 billion
- Export Focus: India's primary exports include 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, iron or non-alloy steel: flat-rolled, width 600mm or more, painted, varnished or coated with plastics, cotton yarn: (not sewing thread), single, of combed fibres, 85% or more by weight of cotton, less than 232.56 but not less than 192.31 decitex (exceeding 43 but not exceeding 52 metric number), not for retail sale
- Import Dependencies: Key imports from Portugal include antibiotics: tetracyclines and their derivatives: salts thereof, wood pulp: chemical wood pulp, dissolving grades, paper or paperboard: waste and scrap, of paper or paperboard n.e.c. in heading no. 4707 and of unsorted waste and scrap
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional 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 $1.22B 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 India leveraging its comparative advantages in 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.
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
India's specialization in 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 oilscomplements Portugal's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in antibiotics: tetracyclines and their derivatives: salts thereof.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.22B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.22B 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 $1.22 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in 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 and antibiotics: tetracyclines and their derivatives: salts thereof demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
India's trade surplus of $1.22 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 India and Portugal represents a total trade volume of $1.22 billion in 2023. This partnership demonstrates a favorable trade balance for India, with exports exceeding importsby $1.22 billion.
Export Strengths
India's exports to Portugal total $1.22 billion, with competitive advantages in 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, representing $217.36M or17.8% of bilateral exports.
Import Dependencies
Imports from Portugal amount to $0.00, highlighting economic interdependence in antibiotics: tetracyclines and their derivatives: salts thereof, with Antibiotics: tetracyclines and their derivatives: salts thereof comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates India'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 India and Portugal in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023