Flag Spain / Portugal Flag

Exports FlagFlag  (2018): $27.2B, Rnk 3 / 209

Top Product FlagFlag (2018): $1.26B, Cars

Exports FlagFlag (2018): $16.8B, Rnk 1 / 201

Top Product FlagFlag (2018): $1.4B, Vehicle Parts

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

Economic Complexity of Flag (2018): ECI 0.46, Rnk 48 / 137

GDP Flag (2018): $1.42T, CURRENT US$
Rnk 14 / 196

GDP GROWTH Flag (2008-2018): -12.7%, CURRENT US$
Rnk 186 / 196

GDP Flag (2018): $241B, CURRENT US$
Rnk 46 / 196

GDP GROWTH Flag (2008-2018): -8.26%, CURRENT US$
Rnk 183 / 196

GDP PC Flag (2018): $30,371, CURRENT US$
Rnk 35 / 196

GDP PC GROWTH Flag (2008-2018): -14.1%, CURRENT US$
Rnk 173 / 196

GDP PC Flag (2018): $23,408, CURRENT US$
Rnk 41 / 196

GDP PC GROWTH Flag (2008-2018): -5.79%, CURRENT US$
Rnk 162 / 196

Spain-Portugal: In 2018, Spain exported $27.2B to Portugal. The main products exported from Spain to Portugal were Cars ($1.26B), Vehicle Parts ($1.25B), and Petroleum Gas ($774M). During the last 23 years the exports of Spain to Portugal have increased at an annualized rate of 6%, from $7.13B in 1995 to $27.2B in 2018. In 2016, Spain exported services to Portugal worth $1.06B, with Travel ($1.06B) being the largest in terms of value.

Portugal-Spain: In 2018, Portugal exported $16.8B to Spain. The main products exported from Portugal to Spain were Vehicle Parts ($1.4B), Refined Petroleum ($677M), and Knit T-shirts ($366M). During the last 23 years the exports of Portugal to Spain have increased at an annualized rate of 7.24%, from $3.36B in 1995 to $16.8B in 2018. In 2016, Portugal exported services to Spain worth $3.37B, with Travel ($1.82B), Transportation ($811M), and Other business services ($608M) being the largest in terms of value.

Comparison: In 2018, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). That same year, Portugal ranked 48 in the Economic Complexity Index (ECI 0.46), and 44 in total exports ($72B). In terms of GDP Per Capita, Spain was ranked 35 with a GDP Per Capita of $30,371, and Portugal was ranked 41 with a GDP Per Capita of $23,408.

Bilateral Trade by Products

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Depth
Value

In 2018, Spain exported $27.2B to Portugal. The main products exported from Spain to Portugal were Cars ($1.26B), Vehicle Parts ($1.25B), and Petroleum Gas ($774M). During the last 23 years the exports of Spain to Portugal have increased at an annualized rate of 6%, from $7.13B in 1995 to $27.2B in 2018.

In 2018, Portugal exported $16.8B to Spain. The main products exported from Portugal to Spain were Vehicle Parts ($1.4B), Refined Petroleum ($677M), and Knit T-shirts ($366M). During the last 23 years the exports of Portugal to Spain have increased at an annualized rate of 7.24%, from $3.36B in 1995 to $16.8B in 2018.

Market Competitiveness

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Measure

Spain
Top Destination
: France, $48.6B

Portugal
Top Destination
: Spain, $16.8B

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 2018, countries that imported more from Spain than Portugal were France ($48.6B), Germany ($36.3B), and Italy ($25.4B).

In 2018, countries that imported more from Portugal than Spain were Angola ($1.98B), Cape Verde ($346M), and Mozambique ($240M).

Comparative Advantage Spain - Portugal

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Depth

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

During 2018, Spain had a large net trade with Portugal in the exports of Machines ($3.59B), Transportation ($3.01B), and Metals ($2.93B).

During 2018, Portugal had a large net trade with Spain in the exports of Transportation ($2.15B), Metals ($2B), and Textiles ($1.73B).

Trade Forecasts

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This section shows a forecast for total trade between Spain and Portugal. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2016, Spain exported services to Portugal worth $1.06B, with Travel ($1.06B) being the largest in terms of value.

In 2016, Portugal exported services to Spain worth $3.37B, with Travel ($1.82B), Transportation ($811M), and Other business services ($608M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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