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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade5.7×positions ÷ goods, both directions
Financial positions, both directions52.9USD bn
Goods, both directions9.3USD bn

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.

SinceUnited States → PortugalPortugal → United Statesother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 2.9 / 6.40510Bank claims · quarterly · USD bnQ2 2026 · 0.5 / –035Portfolio holdings · half-yearly · USD bnDec 2025 · 15.4 / 31.602550Direct investment · annual · USD bn2024 · 4.3 / 1.1035Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 5.7×0.0×5.0×10×20062008201020122014201620182020202220242026
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 United States → Portugal

Aug 2025–Jul 2026

exports of United States to Portugal, 12 months

Exports, 12 months2.9USD bnreported
0.98importer’s report ÷ exporter’s
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 Portugal → United States

Aug 2025–Jul 2026

exports of Portugal to United States, 12 months

Exports, 12 months6.4USD bnreported
1.28importer’s report ÷ exporter’s
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.

United States → Portugal

Q2 2026

loans and deposits of banks in United States on residents of Portugal

Position0.5USD 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 → United States

Q2 2026

loans and deposits of banks in Portugal on residents of United States

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.

United States → Portugal

Q4 2025

securities issued in Portugal held by investors in United States

Total15.4USD bn
Equity11.4USD bn
Debt securities4.0USD bn
Sources

Holder to issuer, Q4 2025.

Portugal → United States

Q4 2025

securities issued in United States held by investors in Portugal

Total31.6USD bn
Equity16.8USD bn
Debt securities14.8USD bn
Sources

Holder to issuer, Q4 2025.

United States → Portugal

2024

position of investors in United States in Portugal

Position4.3USD bn
Reportthe host’s
Sources

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

Portugal → United States

2024

position of investors in Portugal in United States

Position1.1USD bn
Reportthe host’s
Sources

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