Portugal (PRT) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Portugal-Ireland In 2022, Portugal exported $685M to Ireland. The main products that Portugal exported to Ireland are Packaged Medicaments ($68.3M), Raw Iron Bars ($59.2M), and Unpackaged Medicaments ($57.4M). During the last 27 years the exports of Portugal to Ireland have increased at an annualized rate of 6.99%, from $110M in 1995 to $685M in 2022.

In 2020, Portugal exported services to Ireland worth $559M, with Other business services ($236M), Travel ($220M), and Transportation ($82.2M) being the largest in terms of value.

Ireland-Portugal In 2022, Ireland exported $916M to Portugal. The main products that Ireland exported to Portugal were Nitrogen Heterocyclic Compounds ($181M), Packaged Medicaments ($136M), and Scrap Iron ($80.4M). During the last 27 years the exports of Ireland to Portugal have increased at an annualized rate of 5.63%, from $209M in 1995 to $916M in 2022.

In 2020, Ireland exported services to Portugal worth $415M, with Other business services ($313M), Insurance services ($54.8M), and Transportation ($22.8M) being the largest in terms of value.

Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Latest Trends

February, 2024

About

Overview In February 2024, Portugal exported €42.3M and imported €432M from Ireland, resulting in a negative trade balance of €390M. Between February 2023 and February 2024 the exports of Portugal have increased by €5.4M (14.7%) from €36.9M to €42.3M, while imports increased by €96.6M (28.8%) from €335M to €432M.

Trade In February 2024, the top exports of Portugal to Ireland were Iron & steel (€10.6M), Pharmaceutical products (€8.44M), Inorganic chemicals (€3.36M), Iron or steel articles (€2.79M), and Wood, wood articles, & charcoal (€2.28M). In February 2024 the top imports of Portugal from Ireland were Organic chemicals (€18.4M), Pharmaceutical products (€16.3M), Electrical machinery and electronics (€6.51M), Machinery, mechanical appliances, & parts (€3.35M), and Perfumery & cosmetics (€3.05M).

Growth In February 2024, the increase in Portugal's year-by-year exports to Ireland was explained primarily by an increase in product exports in Iron & steel (€6.51M or 157%), Inorganic chemicals (€3.36M or 55.4k%), and Organic chemicals (€2M or 1.06M%). In February 2024, the increase in Portugal's year-by-year imports from Ireland was explained primarily by an increase in product imports in Organic chemicals (€12.1M or 195%), Pharmaceutical products (€6.39M or 64.6%), and Chemical products n.e.s. (€2.2M or 262%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€5.4M(14.7%)

IMPORT GROWTH (February 2023 - February 2024)€96.6M(28.8%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $685M to Ireland. The main products exported from Portugal to Ireland were Packaged Medicaments ($68.3M), Raw Iron Bars ($59.2M), and Unpackaged Medicaments ($57.4M). During the last 27 years the exports of Portugal to Ireland have increased at an annualized rate of 6.99%, from $110M in 1995 to $685M in 2022.

In 2022, Ireland exported $916M to Portugal. The main products exported from Ireland to Portugal were Nitrogen Heterocyclic Compounds ($181M), Packaged Medicaments ($136M), and Scrap Iron ($80.4M). During the last 27 years the exports of Ireland to Portugal have increased at an annualized rate of 5.63%, from $209M in 1995 to $916M in 2022.

Exports from Portugal () to Ireland () (2022)

Exports from Ireland () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Ireland
Top DestinationUnited States$70.7B

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

In 2021, countries that imported more from Portugal than Ireland were Spain ($20.5B), Angola ($1.59B), and Morocco ($897M).

In 2021, countries that imported more from Ireland than Portugal were United States ($70.7B), Germany ($28.6B), and China ($16.7B).

Difference in imports from Ireland () and Portugal () (2022)

Comparative Advantage Portugal - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Ireland in the exports of Chemical Products ($184M), Metals ($139M), and Transportation ($86.9M).

During 2022, Ireland had a large net trade with Portugal in the exports of Chemical Products ($513M), Machines ($158M), and Metals ($89.1M).

Service Trade

Bilateral Service Trade

Irl Year

Prt Year

In 2020, Portugal exported services to Ireland worth $559M, with Other business services ($236M), Travel ($220M), and Transportation ($82.2M) being the largest in terms of value.

In 2020, Ireland exported services to Portugal worth $415M, with Other business services ($313M), Insurance services ($54.8M), and Transportation ($22.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal () to Ireland () (2020)

Services Exports from Ireland () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Year

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 Portugal has comparative advantage over Ireland. Similarly, the more yellow a dot/product is, the more Ireland has comparative advantage over Portugal.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Ireland () (2022)

Exports from Ireland () to Portugal () (2022)

Market Competitiveness

Difference in imports from Ireland () and Portugal () (2022)

Comparative Advantage Portugal - Ireland

Service Trade

Bilateral Service Trade

Services Exports from Portugal () to Ireland () (2020)

Services Exports from Ireland () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Ireland () (2022)

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