Portugal: Terms of trade

* indicates monthly or quarterly data series
 Portugal

Terms of trade, base year = 2000

 Latest value 97.60
 Year 2021
 Measure percent
 Data availability 2000 - 2021
 Average 98.83
 Min - Max 93.84 - 104.61
 Source The United Nations
The latest value from 2021 is 97.6 percent, a decline from 98.73 percent in 2020. In comparison, the world average is 109.62 percent, based on data from 189 countries. Historically, the average for Portugal from 2000 to 2021 is 98.83 percent. The minimum value, 93.84 percent, was reached in 2008 while the maximum of 104.61 percent was recorded in 2002. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Portugal - Terms of trade - Recent values chart

Historical series
Portugal - Terms of trade - historical chart - 2000-2021




The terms of trade for Portugal are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 97.60 2021 percent
 Trade openness 94.05 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 47.44 2023 percent
 Exports, billion dollars 136.19 2023 billion U.S. dollars
 Growth of exports 4.11 2023 percent
 Imports, percent of GDP 46.61 2023 percent
 Imports, billion dollars 133.81 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.38 2023 percent
 Foreign Direct Investment, billion dollars 9.53 2022 billion U.S. dollars
 Portfolio investment inflows, equities 713.91 2023 million dollars (current)
 Current account, percent of GDP 1.40 2023 percent
 Current account, in dollars 3.97 2023 billion U.S. dollars
 Trade balance, percent of GDP 0.83 2023 percent
 Trade balance, in dollars 3.58 2023 billion U.S. dollars
 Reserves 35.24 2023 billion U.S. dollars
 Remittances, percent of GDP 0.47 2023 percent
 Remittances 1,335.44 2023 million U.S. dollars
 Net errors and omissions 827.63 2023 million USD
 Foreign exchange reserves 30.72 9/2023 billion
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