2021
Flag  
GDP
$1.43TCURRENT US$
Rnk 14 / 204
2011-2021
Flag
GDP GROWTH
-3.6%CURRENT US$
Rnk 177 / 204
2021
Flag
 GDP
$254BCURRENT US$
Rnk 49 / 204
2011-2021
Flag
GDP GROWTH
3.62%CURRENT US$
Rnk 157 / 204
2021
Flag
GDP PC 
$30,104CURRENT US$
Rnk 45 / 204
2011-2021
Flag
GDP PC GROWTH
-4.97%CURRENT US$
Rnk 158 / 204
2021
Flag
GDP PC
$24,598CURRENT US$
Rnk 52 / 204
2011-2021
Flag
GDP PC GROWTH
5.95%CURRENT US$
Rnk 128 / 204

About

Spain-Portugal In 2021, Spain exported $30.5B to Portugal. The main products that Spain exported to Portugal are Electricity ($1.47B), Motor vehicles; parts and accessories (8701 to 8705) ($1.28B), and Refined Petroleum ($1B). During the last 26 years the exports of Spain to Portugal have increased at an annualized rate of 5.56%, from $7.48B in 1995 to $30.5B in 2021.

In 2020, Spain exported services to Portugal worth $350M, with Travel ($350M) being the largest in terms of value.

Portugal-Spain In 2021, Portugal exported $19.3B to Spain. The main products that Portugal exported to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($1.43B), Refined Petroleum ($578M), and Electricity ($561M). During the last 26 years the exports of Portugal to Spain have increased at an annualized rate of 6.66%, from $3.61B in 1995 to $19.3B in 2021.

In 2020, Portugal exported services to Spain worth $3.15B, with Travel ($1.15B), Transportation ($1.11B), and Other business services ($690M) being the largest in terms of value.

Comparison In 2021,  Spain ranked 35 in the Economic Complexity Index (ECI 0.78), and 16 in total exports ($372B). That same year, Portugal ranked 43 in the Economic Complexity Index (ECI 0.56), and 46 in total exports ($75.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Spain exported $30.5B to Portugal. The main products exported from Spain to Portugal were Electricity ($1.47B), Motor vehicles; parts and accessories (8701 to 8705) ($1.28B), and Refined Petroleum ($1B). During the last 26 years the exports of Spain to Portugal have increased at an annualized rate of 5.56%, from $7.48B in 1995 to $30.5B in 2021.

In 2021, Portugal exported $19.3B to Spain. The main products exported from Portugal to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($1.43B), Refined Petroleum ($578M), and Electricity ($561M). During the last 26 years the exports of Portugal to Spain have increased at an annualized rate of 6.66%, from $3.61B in 1995 to $19.3B in 2021.

Exports from Spain (Flag) to Portugal (Flag) (2021)

Exports from Portugal (Flag) to Spain (Flag) (2021)

Market Competitiveness

Color
Spain
Top Destination
France$59B
Portugal
Top Destination
Spain$19.3B

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

In 2021, countries that imported more from Spain than Portugal were France ($59B), Germany ($38.3B), and Italy ($30.6B).

In 2021, countries that imported more from Portugal than Spain were Angola ($1.19B), Cape Verde ($355M), and Mozambique ($255M).

Difference in imports from Portugal (Flag) and Spain (Flag) (2021)

Comparative Advantage Spain - Portugal

Flow
Scale

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

During 2021, Spain had a large net trade with Portugal in the exports of Machines ($4.19B), Metals ($3.66B), and Mineral Products ($3.02B).

During 2021, Portugal had a large net trade with Spain in the exports of Transportation ($2.44B), Metals ($2.35B), and Machines ($1.93B).

Service Trade

Bilateral Service Trade

In 2020, Spain exported services to Portugal worth $350M, with Travel ($350M) being the largest in terms of value.

In 2020, Portugal exported services to Spain worth $3.15B, with Travel ($1.15B), Transportation ($1.11B), and Other business services ($690M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Portugal (Flag) to Spain (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 Spain has comparative advantage over Portugal. Similarly, the more yellow a dot/product is, the more Portugal has comparative advantage over Spain.

Product Space of Spain (Flag) and Portugal (Flag) (2021)

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