Brazil and Portugal
Brazil and Portugal maintain particularly extensive linguistic, family and trade connections. The February 2025 summit brought together health, cultural, logistics and security cooperation.
Analysis reviewed: 2026-10-07 · Indicators updated: 2026-10-07A relationship with regular channels
The fourteenth bilateral summit was held in Brasília on February 19, 2025.
Standards, ports and productive sectors
The summit agreements covered trade certifications, port connectivity, agriculture, tourism and medicines.
Cultural and professional cooperation
The agreements included museums, archives, recognition of engineering qualifications and modernization of digital services.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 4,630.13 M USD | 2025 · UN Comtrade / BRA |
| Goods: Brazil to Portugal | 3,300.79 M USD | 2025 · UN Comtrade / BRA |
| Goods: Portugal to Brazil | 1,329.34 M USD | 2025 · UN Comtrade / BRA |
| Services trade | ||
| Export share: Brazil to Portugal | 0.95 % | 2025 · UN Comtrade / BRA |
| Export share: Portugal to Brazil | ||
| Investment stock: Brazil in Portugal | ||
| Investment stock: Portugal in Brazil |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2025 · UN Comtrade / BRA · Goods; full year; reporting country BRA. Exports normally FOB and imports CIF according to the reporter's coverage. Mirror reports are not added together.
- Goods: Brazil to Portugal
- 2025 · UN Comtrade / BRA · Goods; full year; reporting country BRA. Exports normally FOB and imports CIF according to the reporter's coverage. Mirror reports are not added together.
- Goods: Portugal to Brazil
- 2025 · UN Comtrade / BRA · Goods; full year; reporting country BRA. Exports normally FOB and imports CIF according to the reporter's coverage. Mirror reports are not added together.
- Export share: Brazil to Portugal
- 2025 · UN Comtrade / BRA · Goods share: BRA exports to the partner / exports by the same reporting country to the world, same year.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
Year-on-year inflation: different periods or frequencies; the two figures are not directly comparable.
| Indicator | Brazil | Portugal |
|---|---|---|
| Nominal GDP | 2.28 trillion USD2025 · WB | 346.64 billion USD2025 · WB |
| GDP per capita | 10,713.29 USD2025 · WB | 32,081.81 USD2025 · WB |
| GDP growth | 2.29 %2025 · WB | 1.86 %2025 · WB |
| Policy interest rate | 13.75 %2026-10-07 · Banco Central do Brasil | 2.5 %2026-09-16 · BCE |
| Inflation · annual average | 5.02 %Annual average · 2025 · WB | 2.34 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 4.22 %Headline CPI · 2026-08 · year-on-year · Ministério da Fazenda / IBGE | 3.6 %provisionalprovisionalYear-on-year · Sept. 2026 · INE PT |
| Unemployment | 5.97 %ILO est.2025 · WB | 6.16 %ILO est.2025 · WB |
| Budget balance (% of GDP) | -8.1 %IMF est.2025 · IMF | 0.3 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 93.3 %IMF est.2025 · IMF | 89.9 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -2.93 %2025 · WB | 1.2 %IMF est.2025 · IMF |
| Population | 212,812,4052025 · WB | 10,804,871World Bank est.2025 · WB |
| Area | 8,510,420 km²2023 · WB | 92,230 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDBrazil: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Portugal: 2025 · World Bank
- GDP per capita
- Current USD per personBrazil: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Portugal: 2025 · World Bank
- GDP growth
- Annual real change (%)Brazil: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Portugal: 2025 · World Bank
- Policy interest rate
- Central bank instrument (%)Brazil: 2026-10-07 · Target for the Selic rate, annual percentage · Banco Central do Brasil · Official monetary-policy target, not the effective daily interbank rate.Portugal: 2026-09-16 · ECB: deposit facility; shared euro-area rate · European Central Bank
- Inflation · annual average
- Average annual change in headline CPI (%)Brazil: 2025 · Annual average change in the CPI (%) · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Portugal: 2025 · Annual average change in the CPI (%) · World Bank
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedBrazil: 2026-08 · Headline IPCA; urban coverage of the SNIPC system · Ministério da Fazenda / IBGE · Official monthly data. Not mixed with the annual average. · Alternative official source; verified 2026-10-07Portugal: 2026-09 · Change in headline CPI from the same month of the previous year (%) · Portugal INE · Published: 2026-09-30 · provisional · Provisional · National headline CPI, year-on-year, not monthly inflation or an annual average. Provisional data or an official advance release; subject to revision.
- Unemployment
- % of the labour force; definition used by the stated institutionBrazil: 2025 · ILO modelled estimate, % of the labour force · World Bank · ILO est. · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Portugal: 2025 · World Bank · ILO est.
- Budget balance
- General government (% of GDP)Brazil: 2025 · IMF · IMF est. · IMF WEO estimate, not a monthly observation. Retains the country's fiscal year where it differs from the calendar year.Portugal: 2025 · IMF — World Economic Outlook · IMF est.
- Gross public debt
- General government (% of GDP)Brazil: 2025 · IMF · IMF est. · IMF WEO estimate, not a monthly observation. Retains the country's fiscal year where it differs from the calendar year.Portugal: 2025 · IMF — World Economic Outlook · IMF est.
- Current account balance
- % of GDPBrazil: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Portugal: 2025 · IMF — World Economic Outlook · IMF est. · Current-account balance as a percentage of GDP; IMF WEO estimate for PRT.
- Population
- PeopleBrazil: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Portugal: 2025 · World Bank · World Bank est. · Extrapolated estimate identified by the World Bank; not a census count for 2025.
- Area
- Total area in km²; territorial coverage of the sourceBrazil: 2023 · World Bank / FAO · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Portugal: 2023 · Area according to the series' coverage; does not determine sovereignty or effective control · World Bank
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Brazil to Portugal
| Product or sector | Value / share |
|---|---|
| Mineral fuels and oils | 2,280.3 M USD2025 · Source |
| Machinery and mechanical appliances | 20.5 M USD2025 · Source |
| Electrical and electronic equipment | 19.9 M USD2025 · Source |
| Meat and edible offal | 16.6 M USD2025 · Source |
| Pharmaceutical products | 1.2 M USD2025 · Source |
| Vehicles and components | 1.2 M USD2025 · Source |
| Metal ores | 0.4 M USD2025 · Source |
| Dairy products, eggs and honey | 0.2 M USD2025 · Source |
Portugal to Brazil
| Product or sector | Value / share |
|---|---|
| Machinery and mechanical appliances | 76.4 M USD2025 · Source |
| Electrical and electronic equipment | 38.5 M USD2025 · Source |
| Mineral fuels and oils | 22.3 M USD2025 · Source |
| Vehicles and components | 15.5 M USD2025 · Source |
| Pharmaceutical products | 10.3 M USD2025 · Source |
| Meat and edible offal | 0.4 M USD2025 · Source |
| Dairy products, eggs and honey | 0 M USD2025 · Source |
How trade has changed
Billions of current USD · full calendar years
View chart figures
| Period | Total | Brazil to Portugal | Portugal to Brazil |
|---|---|---|---|
| 2021 | 3,526.4 | 2,634.6 | 891.8 |
| 2022 | 5,336.4 | 4,274.3 | 1,062.2 |
| 2023 | 4,829.8 | 3,716 | 1,113.8 |
| 2024 | 4,738.8 | 3,414 | 1,324.8 |
| 2025 | 4,630.1 | 3,300.8 | 1,329.3 |
Connections between people
Language, families, professional qualifications and flights connect both societies. Protection of migrant communities is an explicit part of the bilateral agenda. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Brazil living in Portugal | ||
| Residents from Portugal living in Brazil | ||
| Study and training: Brazil in Portugal | ||
| Study and training: Portugal in Brazil | ||
| Academic stays: Brazil in Portugal | ||
| Academic stays: Portugal in Brazil | ||
| Travel: Brazil to Portugal | ||
| Travel: Portugal to Brazil |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
A relationship with regular channels
The fourteenth bilateral summit was held in Brasília on February 19, 2025. It brought together the heads of government and ministerial teams to follow up on political and economic matters. [1]
Standards, ports and productive sectors
The summit agreements covered trade certifications, port connectivity, agriculture, tourism and medicines. The signing of instruments does not determine how much additional trade has occurred or a direct investment figure. [1]
Communities and air connections
Both countries' communities and air routes have an everyday dimension: families, work and travel. The Portuguese government highlighted protection against xenophobia and the strategic interest of maintaining air connections with Brazil. [1]
The scale of both economies
Nominal GDP for Brazil is 2,279.9 billion USD (2025), compared with 346.6 for Portugal (2025). The reference populations are 212.81 and 10.8 million, respectively. In the same year, the economy of Brazil was 6.58 times that of Portugal in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [5] [6] [7] [8]
Recent developments
Recent developments and latest available data · Reviewed: 2026-10-07
Cultural and professional cooperation
The agreements included museums, archives, recognition of engineering qualifications and modernization of digital services. Their mechanisms facilitate contacts, but require specific implementation and do not amount to automatic recognition of any profession. [1]
What merchandise trade shows
In 2025, merchandise trade between the two countries (Brazil and Portugal) totalled 4,630.1 million current USD. Shipments from the first to the second were 3,300.8 million; those in the opposite direction, 1,329.3 million. The difference between the two flows was 1,971.5 million, in favour of Brazil. This is a goods balance, not the total balance of the economic relationship: it excludes services, income and transfers. Both directions come from a single customs reporter to avoid adding mirror records. [2]
The partner's share of exports
Sales from Brazil to the partner represented 0.95% of its worldwide goods exports in 2025. The share compares the same reporter, year and coverage. It measures export concentration, not the percentage of GDP dependent on this relationship. A partner may be important in a specific sector even if its share of total goods trade is small. [2]
Five years of trade trends
The consistent series shows 3,526.4 million USD in 2021 and 4,630.1 million in 2025. The change between the two endpoints was +31.3 % in current dollars. The highest annual value in the period was recorded in 2022, at 5,336.4 million. The chart allows the two directions to be compared to see whether they moved together or differently. The change combines quantities, prices and exchange rates; it is not automatically attributed to a treaty, a visit or a political decision. The same reporter is retained and missing years are not interpolated. [3]
Documented trade sectors
Within the selected chapters, mineral fuels and oils stands out in shipments from Brazil to Portugal, at 2,280.3 million USD in 2025. Within the selected chapters, machinery and mechanical appliances stands out in shipments from Portugal to Brazil, at 76.4 million USD in 2025. The table compares eight selected chapters with the same coverage as the trade total. It is not a complete list or proof that the first item in this selection is the leading product across the entire relationship. A chapter groups numerous goods: machinery and components, for example, do not describe a single business transaction. [4]
Milestones and consequences
- 2025-02-19
Fourteenth summit
19 cooperation agreements were signed in Brasília. [1]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral document BRA-PRT
portugal.gov.pt · Institutional source · Accessed: 2026-10-07
- Annual TOTAL X/M; 2025; reporter 76; partners 0,36,124,620,380,710,170,604,858,68
UN Comtrade / BRA · Institutional source · Accessed: 2026-10-07
- Trade series 2021–2025
UN Comtrade / BRA · Institutional source · Accessed: 2026-10-07
- Selected HS2 chapters; reporter 76; annual 2025; same partner/flow/coverage as total
UN Comtrade / BRA · Institutional source · Accessed: 2026-10-07
- NY.GDP.MKTP.CD; 2023–2025; country and period preserved; no military series
World Bank · Institutional source · Accessed: 2026-10-07
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-07
- SP.POP.TOTL; 2023–2025; country and period preserved; no military series
World Bank · Institutional source · Accessed: 2026-10-07
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-07
Additional sources on products and human connections
- UN Comtrade / BRA
2026-10-07 · Accessed: 2026-10-07 · Selected HS2 chapters; reporter 76; annual 2025; same partner/flow/coverage as total.