Portugal-USA Bilateral Trade Analysis 2023
Complete trade statistics: $8.76B total volume •Portugal surplus: $3.91B
Portugal → USA
$6.34B
Exports (2023)
USA → Portugal
$2.42B
Imports (2023)
Trade Balance
$3.91B
Surplus for Portugal
Total Trade
$8.76B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Portugal and USA. Green line shows exports from Portugal, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Portugal-USA commercial relationship and competitive positioning in global markets.
Portugal → USA Exports
Export Market Intelligence
🎯 Strategic Export Focus
Portugal's export portfolio to USA demonstrates strong diversification across multiple sectors, with medicaments: (not containing antibiotics, hormones, alkaloids or their derivatives), for therapeutic or prophylactic uses, (not packaged for retail sale) representing a key competitive advantage in this bilateral market.
USA → Portugal Imports
Import Dependency Profile
📦 Import Strategy Analysis
Portugal's import pattern from USA reveals significant dependencyin petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Portugal demonstrates competitive strength in exportingmedicaments: (not containing antibiotics, hormones, alkaloids or their derivatives), for therapeutic or prophylactic uses, (not packaged for retail sale) to USA, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $8.76B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Portugal-USA Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $8.76 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Portugal maintains a surplus of $3.91 billion
- Export Focus: Portugal's primary exports include medicaments: (not containing antibiotics, hormones, alkaloids or their derivatives), for therapeutic or prophylactic uses, (not packaged for retail sale), 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, rubber: new pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)
- Import Dependencies: Key imports from USA include petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, oils: petroleum oils and oils obtained from bituminous minerals, crude, soya beans: other than seed, whether or not broken
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 $8.76B 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 Portugal leveraging its comparative advantages in medicaments: (not containing antibiotics, hormones, alkaloids or their derivatives), for therapeutic or prophylactic uses, (not packaged for retail sale).
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
Portugal's specialization in medicaments: (not containing antibiotics, hormones, alkaloids or their derivatives), for therapeutic or prophylactic uses, (not packaged for retail sale)complements USA's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum gases and other gaseous hydrocarbons: liquefied, natural gas.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $8.76B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $8.76B 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 $8.76 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in medicaments: (not containing antibiotics, hormones, alkaloids or their derivatives), for therapeutic or prophylactic uses, (not packaged for retail sale) and petroleum gases and other gaseous hydrocarbons: liquefied, natural gas demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Portugal's trade surplus of $3.91 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 Portugal and USA represents a total trade volume of $8.76 billion in 2023. This partnership demonstrates a favorable trade balance for Portugal, with exports exceeding importsby $3.91 billion.
Export Strengths
Portugal's exports to USA total $6.34 billion, with competitive advantages in medicaments: (not containing antibiotics, hormones, alkaloids or their derivatives), for therapeutic or prophylactic uses, (not packaged for retail sale), representing $1.10B or17.3% of bilateral exports.
Import Dependencies
Imports from USA amount to $2.42 billion, highlighting economic interdependence in petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, with Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas comprising27.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Portugal'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 Portugal and USA in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023