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Portugal Trade Openness

Trade as % of GDP  NE.TRD.GNFS.ZS

Portugal's trade openness was 99.41% in 2025, ranked 75th globally. This represents a 10.8% increase from 2024. Data from World Bank, covering 1970–2025.

99.41% +9.71% (+10.8%)
Year 2025 Rank #75 Global Peak 101.36% (2022) Source World Bank

Portugal Trade Openness (1970–2025)

Overview

Portugal's trade openness stood at 99.41% in 2025, a rise of +9.71% from 2024. Based on recent trends, this figure is projected to reach 99.41% by 2025. Portugal ranked 75th globally.

Portugal's trade openness has experienced a significant increase over the past five decades, with the indicator reaching an all-time high of 101.36 in 2022, followed by a slight decline to 99.41 in 2025. This represents a substantial rise from the trough of 37.71 in 1976, and also surpasses that of its peer Moldova, which ranked 99.80 in 2025. Compared to its peer countries, Portugal's trade openness is closely aligned with that of the European Union, which also ranked at 99.02 in 2025. The country's increasing trade openness suggests a growing integration into the global economy. However, the slight decline in 2025 may indicate a potential slowdown in trade activity, which could be influenced by various factors such as economic policies, global market trends, or the ongoing pandemic recovery. A sustained decline in trade openness could alter the trajectory of Portugal's economic growth.

Data & projection

Year Trade Openness YoY change Rank
2027* trend 106.13% - -
2026* trend 102.77% - -
2025* trend 99.41% - -
2025 99.41% +9.71% #75
2024 89.70% −3.44% #87
2023 93.14% −8.23% #98
2022 101.36% +15.49% #113
2021 85.87% +9.36% #109
2020 76.51% −10.26% #100
2019 86.77% +0.04% #106
2018 86.74% +1.93% #101
2017 84.81% +5.29% #102
2016 79.52% −1.11% #98
2015 80.63% +0.41% #98
2014 80.22% +2.19% #91
2013 78.03% +2.09% #82
2012 75.94% +2.93% #73
2011 73.01% +5.32% #69
Show all years (1970-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +20.4% GDP growth 2.1% C/A balance 2.1%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Portugal matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw trade openness improve within 24 months. View full analysis →

Frequently Asked Questions

What is Portugal's trade openness?▾

Portugal's trade openness was 99.41% in 2025. Ranked 75th globally. This represents a 10.8% increase from the previous year.

What was the highest trade openness in Portugal?▾

Portugal's trade openness peaked at 101.36% in 2022.

What was the lowest trade openness in Portugal?▾

The lowest trade openness in Portugal was 37.71% in 1976.

How does Portugal rank in trade openness?▾

Portugal ranks 75th globally in trade openness as of 2025.

What is the World Bank indicator code for trade openness?▾

The World Bank indicator code is NE.TRD.GNFS.ZS. Data sourced from World Bank.

What is the projected trade openness of Portugal in 2025?▾

Portugal's trade openness is projected to reach 99.41% by 2025 based on trend extrapolation.

What is the trade openness of Portugal in 2025?▾

The trade openness of Portugal in 2025 was 99.41%. This ranks 75th in the world.

Cite this page

APA
Portugal Trade Openness. HistorySaid. Retrieved October 31, 2026, from https://historysaid.com/portugal/trade-openness/
BibTeX
@misc{historysaid_portugal_trade-openness, title = {Portugal Trade Openness}, url = {https://historysaid.com/portugal/trade-openness/}, publisher = {HistorySaid}, year = {2026} }
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