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Pricing

2022
Flag → Flag
Exports $10.7MRnk 118 / 208
2022
Flag → Flag
Top Product $2.64MAgglomerated Cork
2022
Flag → Flag
Exports $131kRnk 86 / 129
2022
Flag → Flag
Top Product $67.9kAluminium Foil
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Portugal-Armenia Trade: In 2022, Portugal exported $10.7M to Armenia. The main products that Portugal exported to Armenia were Agglomerated Cork ($2.64M), Plastic Wash Basins ($539k), and Industrial Printers ($479k). Over the past 5 years the exports of Portugal to Armenia have increased at an annualized rate of 12.6%, from $5.93M in 2017 to $10.7M in 2022.

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

Armenia-Portugal Trade: In 2022, Armenia exported $131k to Portugal. The main products that Armenia exported to Portugal were Aluminium Foil ($67.9k), Agglomerated Cork ($38.8k), and Paintings ($3.25k). Over the past 5 years the exports of Armenia to Portugal have decreased at an annualized rate of 20.6%,  from $415k in 2017 to $131k in 2022.

In 2022, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €423k and imported €95.7k from Armenia, resulting in a positive trade balance of €327k. Between June 2023 and June 2024 the exports of Portugal have decreased by €-340k (-44.6%) from €763k to €423k, while imports increased by €94.9k (10.8k%) from €877 to €95.7k.

Trade In June 2024, the top exports of Portugal to Armenia were Machinery, mechanical appliances, & parts (€116k), Pharmaceutical products (€104k), Ceramic products (€18.5k), Cork & cork articles (€14.2k), and Plastics & articles thereof (€13.9k). In June 2024 the top imports of Portugal from Armenia were Non-knitted clothing accesories (€1.45k), Optical, photo, & film equipment; medical... (€1.27k), Musical instruments (€69), Special woven fabrics and tapestries (€51), and Books, newspapers, & other prints (€1).

Growth In June 2024, the decrease in Portugal's year-by-year exports to Armenia was explained primarily by an decrease in product exports in Cork & cork articles (€-172k or -92.4%), Preparations of vegetables, fruit, nuts or... (€-30.2k or -100%), and Paper articles (€-23.6k or -98.2%). In June 2024, the increase in Portugal's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€-340k(-44.6%)
IMPORT GROWTH (June 2023 - June 2024)€94.9k(10.8k%)

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 Armenia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $10.7M to Armenia. The main products exported from Portugal to Armenia were Agglomerated Cork ($2.64M), Plastic Wash Basins ($539k), and Industrial Printers ($479k). During the last 5 years the exports of Portugal to Armenia have increased at an annualized rate of 12.6%, from $5.93M in 2017 to $10.7M in 2022.

In 2017, Armenia exported $131k to Portugal. The main products exported from Armenia to Portugal were Aluminium Foil ($67.9k), Agglomerated Cork ($38.8k), and Paintings ($3.25k). During the last 5 years the exports of Armenia to Portugal have decreased at an annualized rate of 20.6%, from $415k in 2022 to $131k in 2017.

Exports from Portugal (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Armenia
Top DestinationRussia$2.36B

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

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

In 2022, countries that imported more from Armenia than Portugal included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

Difference in imports from Armenia (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - Armenia

Flow
Scale

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

During 2022, Portugal had a large net trade with Armenia in the exports of Wood Products ($3.11M), Machines ($2.16M), and Textiles ($1.53M).

During 2017, Armenia had a large net trade with Portugal in the exports of Metals ($68.3k), Wood Products ($39.1k), and Textiles ($6.98k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Armenia+$463kPackaged Medicaments
Top Product Potential Armenia Portugal+$133kAluminium Foil

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

Product Space of Portugal (Flag) and Armenia (Flag) (2022)

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