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2022
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Exports $5.98BRnk 24 / 221
2022
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Top Product $475MRefined Petroleum
2022
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Exports $3.61BRnk 6 / 208
2022
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Top Product $573MCars
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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GDP PC $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Italy-Portugal In 2022, Italy exported $5.98B to Portugal. The main products that Italy exported to Portugal are Refined Petroleum ($475M), Packaged Medicaments ($202M), and Broadcasting Equipment ($137M). During the last 27 years the exports of Italy to Portugal have increased at an annualized rate of 2.35%, from $3.2B in 1995 to $5.98B in 2022.

In 2020, Italy exported services to Portugal worth $258M, with Travel ($97M), Transportation ($52.5M), and Other business services ($52.5M) being the largest in terms of value.

Portugal-Italy In 2022, Portugal exported $3.61B to Italy. The main products that Portugal exported to Italy were Cars ($573M), Rolled Tobacco ($234M), and Pure Olive Oil ($150M). During the last 27 years the exports of Portugal to Italy have increased at an annualized rate of 5.36%, from $881M in 1995 to $3.61B in 2022.

In 2020, Portugal exported services to Italy worth $491M, with Travel ($210M), Transportation ($144M), and Other business services ($113M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Latest Trends

January, 2024

About

Overview In January 2024, Italy exported €377M and imported €267M from Portugal, resulting in a positive trade balance of €109M. Between January 2023 and January 2024 the exports of Italy have decreased by €-6.18M (-1.61%) from €383M to €377M, while imports decreased by €-8.7M (-3.15%) from €276M to €267M.

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-6.18M(-1.61%)
IMPORT GROWTH (January 2023 - January 2024)€-8.7M(-3.15%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Portugal and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $5.98B to Portugal. The main products exported from Italy to Portugal were Refined Petroleum ($475M), Packaged Medicaments ($202M), and Broadcasting Equipment ($137M). During the last 27 years the exports of Italy to Portugal have increased at an annualized rate of 2.35%, from $3.2B in 1995 to $5.98B in 2022.

In 2022, Portugal exported $3.61B to Italy. The main products exported from Portugal to Italy were Cars ($573M), Rolled Tobacco ($234M), and Pure Olive Oil ($150M). During the last 27 years the exports of Portugal to Italy have increased at an annualized rate of 5.36%, from $881M in 1995 to $3.61B in 2022.

Exports from Italy (Flag) to Portugal (Flag) (2022)

Exports from Portugal (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Portugal
Top DestinationSpain$20.5B

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

In 2021, countries that imported more from Italy than Portugal were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Portugal than Italy were Angola ($1.59B), Cape Verde ($407M), and Mozambique ($262M).

Difference in imports from Portugal (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Portugal

Flow
Scale

This chart compares trade between Italy and Portugal by product, considering products traded by both, Italy and Portugal.

During 2022, Italy had a large net trade with Portugal in the exports of Machines ($1.35B), Metals ($675M), and Textiles ($654M).

During 2022, Portugal had a large net trade with Italy in the exports of Transportation ($748M), Textiles ($434M), and Machines ($403M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Portugal worth $258M, with Travel ($97M), Transportation ($52.5M), and Other business services ($52.5M) being the largest in terms of value.

In 2020, Portugal exported services to Italy worth $491M, with Travel ($210M), Transportation ($144M), and Other business services ($113M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Portugal (Flag) (2020)

Services Exports from Portugal (Flag) to Italy (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Portugal. Similarly, the more yellow a dot/product is, the more Portugal has comparative advantage over Italy.

Product Space of Italy (Flag) and Portugal (Flag) (2022)

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