Portugal (PRT) and Sao Tome and Principe (STP) Trade | The Observatory of Economic Complexity
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2022 Flag → Flag Exports $79.6MRnk 62 / 208
2022 Flag → Flag Top Product $4.46MWine
2022 Flag → Flag Exports $775kRnk 4 / 83
2022 Flag → Flag Top Product $1.7MPalm Oil
2022 Flag Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022 Flag   GDP$252BCURRENT US$Rnk 49 / 186
2012-2022 Flag GDP GROWTH16.5%CURRENT US$Rnk 132 / 186
2022 Flag  GDP$547MCURRENT US$Rnk 181 / 186
2012-2022 Flag GDP GROWTH118%CURRENT US$Rnk 8 / 186
2022 Flag GDP PC $24,275CURRENT US$Rnk 46 / 186
2012-2022FlagGDP PC GROWTH18%CURRENT US$Rnk 94 / 186
2022FlagGDP PC$2,404CURRENT US$Rnk 139 / 186
2012-2022FlagGDP PC GROWTH82.2%CURRENT US$Rnk 15 / 186

About

Portugal-Sao Tome and Principe Trade: In 2022, Portugal exported $79.6M to Sao Tome and Principe. The main products that Portugal exported to Sao Tome and Principe were Wine ($4.46M), Wheat Flours ($3.72M), and Animal Food ($3M). Over the past 5 years the exports of Portugal to Sao Tome and Principe have increased at an annualized rate of 35.8%, from $17.2M in 2017 to $79.6M in 2022.

In 2022, Portugal did not export any services to Sao Tome and Principe.

Sao Tome and Principe-Portugal Trade: In 2022, Sao Tome and Principe exported $775k to Portugal. The main products that Sao Tome and Principe exported to Portugal were Palm Oil ($1.7M), Scrap Iron ($191k), and Saturated Acyclic Monocarboxylic Acids ($58.4k). Over the past 5 years the exports of Sao Tome and Principe to Portugal have increased at an annualized rate of 30.2%,  from $207k in 2017 to $775k in 2022.

In 2022, Sao Tome and Principe 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, Sao Tome and Principe ranked 207 in total exports ($29.8M), and does not have data regarding Economic Complexity Index.

Latest Trends

March, 2024

About

Overview In March 2024, Portugal exported €3.81M and imported €9.14k from Sao Tome and Principe, resulting in a positive trade balance of €3.8M. Between March 2023 and March 2024 the exports of Portugal have decreased by €-1.29M (-25.3%) from €5.1M to €3.81M, while imports decreased by €-15.5k (-62.8%) from €24.6k to €9.14k.

Trade In March 2024, the top exports of Portugal to Sao Tome and Principe were Beverages, spirits, & vinegar (€559k), Electrical machinery and electronics (€406k), Machinery, mechanical appliances, & parts (€322k), Food residues & wastes; animal fodder (€251k), and Edible products of animal origin, n.e.s. (€200k). In March 2024 the top imports of Portugal from Sao Tome and Principe were Iron & steel (€10.8k), Aluminum articles (€1.06k), Copper articles (€504), Electrical machinery and electronics (€107), and Leather articles (€24).

Growth In March 2024, the decrease in Portugal's year-by-year exports to Sao Tome and Principe was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-118k or -48.1%), Products of the milling industry (€-116k or -51.5%), and Machinery, mechanical appliances, & parts (€-49.9k or -13.4%). In March 2024, the decrease in Portugal's year-by-year imports  from Sao Tome and Principe was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (March 2023 - March 2024)€-1.29M(-25.3%)
IMPORT GROWTH (March 2023 - March 2024)€-15.5k(-62.8%)

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 Sao Tome and Principe and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $79.6M to Sao Tome and Principe. The main products exported from Portugal to Sao Tome and Principe were Wine ($4.46M), Wheat Flours ($3.72M), and Animal Food ($3M). During the last 5 years the exports of Portugal to Sao Tome and Principe have increased at an annualized rate of 35.8%, from $17.2M in 2017 to $79.6M in 2022.

In 2017, Sao Tome and Principe exported $775k to Portugal. The main products exported from Sao Tome and Principe to Portugal were Palm Oil ($1.7M), Scrap Iron ($191k), and Saturated Acyclic Monocarboxylic Acids ($58.4k). During the last 22 years the exports of Sao Tome and Principe to Portugal have increased at an annualized rate of 30.2%, from $207k in 1995 to $775k in 2017.

Exports from Portugal (Flag) to Sao Tome and Principe (Flag) (2022)

Exports from Sao Tome and Principe (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal Top DestinationSpain$20.5B
Sao Tome and Principe Top DestinationNetherlands$7.77M

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

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

In 2022, countries that imported more from Sao Tome and Principe than Portugal included Montserrat ($3.8k).

Difference in imports from Sao Tome and Principe (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - Sao Tome and Principe

Flow
Scale

This chart compares trade between Portugal and Sao Tome and Principe by product, considering products traded by both, Portugal and Sao Tome and Principe.

During 2022, Portugal had a large net trade with Sao Tome and Principe in the exports of Foodstuffs ($19.7M), Machines ($12.9M), and Vegetable Products ($7.73M).

During 2017, Sao Tome and Principe had a large net trade with Portugal in the exports of Animal and Vegetable Bi-Products ($1.73M), Metals ($264k), and Machines ($113k).

Economic Complexity

Competitive Landscape

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

Product Space of Portugal (Flag) and Sao Tome and Principe (Flag) (2022)

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