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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Portugal and Canada, each channel at its own period. Left, Portugal to Canada; right, Canada to Portugal.

Finance to trade

positions ÷ goods, both directions
Finance to trade–positions ÷ goods, both directions
Financial positions, both directions6.2USD bn
Goods, both directions–Below the backbone of 1,500 flows

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SincePortugal → CanadaCanada → Portugalother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnMay 2025 · 1.7 / –035Bank claims · quarterly · USD bnQ2 2026 · – / 0.0011Portfolio holdings · half-yearly · USD bnDec 2025 · 2.1 / 2.8035Direct investment · annual · USD bn2024 · 0.3 / 1.001020Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2025 · 3.5×0.0×2.5×5.0×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Portugal → Canada

Aug 2025–Jul 2026

exports of Portugal to Canada, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Canada → Portugal

Aug 2025–Jul 2026

exports of Canada to Portugal, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Portugal → Canada

Q2 2026

loans and deposits of banks in Portugal on residents of Canada

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Canada → Portugal

Q2 2026

loans and deposits of banks in Canada on residents of Portugal

Position0.0USD bn
Flow in the quarter−0.1USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Portugal → Canada

Q4 2025

securities issued in Canada held by investors in Portugal

Total2.1USD bn
Equity0.8USD bn
Debt securities1.4USD bn
Sources

Holder to issuer, Q4 2025.

Canada → Portugal

Q4 2025

securities issued in Portugal held by investors in Canada

Total2.8USD bn
Equity2.7USD bn
Debt securities0.1USD bn
Sources

Holder to issuer, Q4 2025.

Portugal → Canada

2024

position of investors in Portugal in Canada

Position0.3USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Canada → Portugal

2024

position of investors in Canada in Portugal

Position1.0USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.