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Pricing

2022
Flag → Flag
Exports $11.6MRnk 113 / 208
2022
Flag → Flag
Top Product $3.12MPoultry Meat
2022
Flag → Flag
Exports $6.43MRnk 22 / 128
2022
Flag → Flag
Top Product $3.66MTraffic Signals
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 86 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH56.2%CURRENT US$
Rnk 48 / 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$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 95 / 186

About

Portugal-Benin Trade: In 2022, Portugal exported $11.6M to Benin. The main products that Portugal exported to Benin were Poultry Meat ($3.12M), Iron Structures ($1.65M), and Aluminium Bars ($800k). Over the past 5 years the exports of Portugal to Benin have increased at an annualized rate of 7.23%, from $8.21M in 2017 to $11.6M in 2022.

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

Benin-Portugal Trade: In 2022, Benin exported $6.43M to Portugal. The main products that Benin exported to Portugal were Traffic Signals ($3.66M), Raw Cotton ($2.61M), and Fuel Wood ($65.6k). Over the past 5 years the exports of Benin to Portugal have increased at an annualized rate of 35.8%,  from $1.39M in 2017 to $6.43M in 2022.

In 2022, Benin 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, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €260k and imported €56.6k from Benin, resulting in a positive trade balance of €203k. Between June 2023 and June 2024 the exports of Portugal have decreased by €-1.57M (-85.8%) from €1.83M to €260k, while imports increased by €56.6k (89.8k%) from €63 to €56.6k.

Trade In June 2024, the top exports of Portugal to Benin were Iron or steel articles (€626k), Meat & edible offal (€339k), Glues, starches, & albuminoid products (€69.6k), Machinery, mechanical appliances, & parts (€34k), and Ceramic products (€14k). In June 2024 the top imports of Portugal from Benin were Wood, wood articles, & charcoal (€28k), Non-knitted clothing accesories (€57), Live trees, plants, bulbs, cut flowers,... (€49), Soap, cleaners, candles, dental, modelling pastes (€28), and Live animals (€0).

Growth In June 2024, the decrease in Portugal's year-by-year exports to Benin was explained primarily by an decrease in product exports in Aluminum articles (€-246k or -100%), Ceramic products (€-74k or -84.1%), and Furniture, bedding, lamps, & prefab buildings (€-66.3k or -100%). In June 2024, the increase in Portugal's year-by-year imports  from Benin was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€-1.57M(-85.8%)
IMPORT GROWTH (June 2023 - June 2024)€56.6k(89.8k%)

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 Benin and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Benin and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $11.6M to Benin. The main products exported from Portugal to Benin were Poultry Meat ($3.12M), Iron Structures ($1.65M), and Aluminium Bars ($800k). During the last 5 years the exports of Portugal to Benin have increased at an annualized rate of 7.23%, from $8.21M in 2017 to $11.6M in 2022.

In 2017, Benin exported $6.43M to Portugal. The main products exported from Benin to Portugal were Traffic Signals ($3.66M), Raw Cotton ($2.61M), and Fuel Wood ($65.6k). During the last 5 years the exports of Benin to Portugal have increased at an annualized rate of 35.8%, from $1.39M in 2022 to $6.43M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Benin
Top DestinationIndia$448M

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

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

In 2022, countries that imported more from Benin than Portugal included Bangladesh ($406M), India ($448M), and United Arab Emirates ($382M).

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

Comparative Advantage Portugal - Benin

Flow
Scale

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

During 2022, Portugal had a large net trade with Benin in the exports of Animal Products ($3.4M), Metals ($3.13M), and Machines ($1.85M).

During 2017, Benin had a large net trade with Portugal in the exports of Machines ($3.66M), Textiles ($2.66M), and Wood Products ($65.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Benin+$765kIron Structures
Top Product Potential Benin Portugal+$1.27MRaw Cotton

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 Benin. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Benin. Similarly, a dot/product with the flag of Benin indicates it has a comparative advantage over Portugal.

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

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