Portugal (PRT) and Palestine (PSE) Trade | The Observatory of Economic Complexity

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Portugal-Palestine Trade: In 2022, Portugal exported $18.9M to Palestine. The main products that Portugal exported to Palestine were Sheep and Goats ($12.7M), Uncoated Paper ($1.62M), and Plastic Wash Basins ($588k). Over the past 5 years the exports of Portugal to Palestine have increased at an annualized rate of 32.8%, from $4.58M in 2017 to $18.9M in 2022.

In 2022, Portugal did not export any services to Palestine.

Palestine-Portugal Trade: In 2022, Palestine exported $314k to Portugal. The main products that Palestine exported to Portugal were Other Knit Clothing Accessories ($313k) and Integrated Circuits ($339). Over the past 5 years the exports of Palestine to Portugal have increased at an annualized rate of 9.08%, from $203k in 2017 to $314k in 2022.

In 2022, Palestine did not export any services to Portugal.

Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Palestine ranked 150 in total exports ($1.61B), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

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Overview In June 2024, Portugal exported €153k and imported €127k from Palestine, resulting in a positive trade balance of €26.3k. Between June 2023 and June 2024 the exports of Portugal have decreased by €-928k (-85.8%) from €1.08M to €153k, while imports decreased by €-28.7k (-18.5%) from €155k to €127k.

Trade In June 2024, the top exports of Portugal to Palestine were Live animals (€1.66M), Paper articles (€119k), Food residues & wastes; animal fodder (€50.3k), Cereals (€32.3k), and Oils seeds, oleaginous fruits, grains, straw... (€12.5k). In June 2024 the top imports of Portugal from Palestine were Live animals (€0), Meat & edible offal (€0), Fish, crustaceans, & molluscs (€0), Edible products of animal origin, n.e.s. (€0), and Animal originated products, n.e.s. (€0).

Growth In June 2024, the decrease in Portugal's year-by-year exports to Palestine was explained primarily by an decrease in product exports in Plastics & articles thereof (€-33.7k or -100%), Leather articles (€-215 or -6.81%), and Umbrellas, walking sticks, & whips (€-48 or -84.2%). In June 2024, the decrease in Portugal's year-by-year imports from Palestine was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)€-928k(-85.8%)

IMPORT GROWTH (June 2023 - June 2024)€-28.7k(-18.5%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Palestine and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $18.9M to Palestine. The main products exported from Portugal to Palestine were Sheep and Goats ($12.7M), Uncoated Paper ($1.62M), and Plastic Wash Basins ($588k). During the last 5 years the exports of Portugal to Palestine have increased at an annualized rate of 32.8%, from $4.58M in 2017 to $18.9M in 2022.

In 2017, Palestine exported $314k to Portugal. The main products exported from Palestine to Portugal were Other Knit Clothing Accessories ($313k) and Integrated Circuits ($339). During the last 5 years the exports of Palestine to Portugal have increased at an annualized rate of 9.08%, from $203k in 2022 to $314k in 2017.

Exports from Portugal () to Palestine () (2022)

Exports from Palestine () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Palestine
Top DestinationIsrael$1.3B

This map shows whether countries import more from Portugal or Palestine. Each country is colored based on the difference in imports they receive from Portugal and Palestine or the difference in the growth in imports.

In 2022, countries that imported more from Portugal than Palestine included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Palestine than Portugal included Israel ($1.3B) and Jordan ($159M).

Difference in imports from Palestine () and Portugal () (2022)

Comparative Advantage Portugal - Palestine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Portugal and Palestine by product, considering products traded by both, Portugal and Palestine.

During 2022, Portugal had a large net trade with Palestine in the exports of Animal Products ($13M), Paper Goods ($1.92M), and Foodstuffs ($1.06M).

During 2017, Palestine had a large net trade with Portugal in the exports of Textiles ($313k) and Machines ($339).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Portugal and Palestine. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Palestine. Similarly, a dot/product with the flag of Palestine indicates it has a comparative advantage over Portugal.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Palestine () (2022)

Exports from Palestine () to Portugal () (2022)

Market Competitiveness

Difference in imports from Palestine () and Portugal () (2022)

Comparative Advantage Portugal - Palestine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Portugal () and Palestine () (2022)

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