2021
Flag  
GDP
$3.12TCURRENT US$
Rnk 6 / 204
2011-2021
Flag
GDP GROWTH
17.1%CURRENT US$
Rnk 124 / 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 
$46,586CURRENT US$
Rnk 29 / 204
2011-2021
Flag
GDP PC GROWTH
10.5%CURRENT US$
Rnk 114 / 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

United Kingdom-Portugal In 2021, United Kingdom exported $1.55B to Portugal. The main products that United Kingdom exported to Portugal are Gas Turbines ($223M), Cars ($122M), and Crude Petroleum ($114M). During the last 26 years the exports of United Kingdom to Portugal have decreased at an annualized rate of 1.58%, from $2.34B in 1995 to $1.55B in 2021.

In 2019, United Kingdom exported services to Portugal worth $1.37B, with Transportation ($693M), Travel ($315M), and Financial services ($186M) being the largest in terms of value.

Portugal-United Kingdom In 2021, Portugal exported $4.08B to United Kingdom. The main products that Portugal exported to United Kingdom were Cars ($484M), Gas Turbines ($304M), and Motor vehicles; parts and accessories (8701 to 8705) ($148M). During the last 26 years the exports of Portugal to United Kingdom have increased at an annualized rate of 1.58%, from $2.71B in 1995 to $4.08B in 2021.

In 2020, Portugal exported services to United Kingdom worth $2.93B, with Travel ($1.37B), Transportation ($836M), and Other business services ($600M) being the largest in terms of value.

Comparison In 2021,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.43), and 13 in total exports ($420B). 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, United Kingdom exported $1.55B to Portugal. The main products exported from United Kingdom to Portugal were Gas Turbines ($223M), Cars ($122M), and Crude Petroleum ($114M). During the last 26 years the exports of United Kingdom to Portugal have decreased at an annualized rate of 1.58%, from $2.34B in 1995 to $1.55B in 2021.

In 2021, Portugal exported $4.08B to United Kingdom. The main products exported from Portugal to United Kingdom were Cars ($484M), Gas Turbines ($304M), and Motor vehicles; parts and accessories (8701 to 8705) ($148M). During the last 26 years the exports of Portugal to United Kingdom have increased at an annualized rate of 1.58%, from $2.71B in 1995 to $4.08B in 2021.

Exports from United Kingdom (Flag) to Portugal (Flag) (2021)

Exports from Portugal (Flag) to United Kingdom (Flag) (2021)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$56.1B
Portugal
Top Destination
Spain$19.3B

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

In 2021, countries that imported more from United Kingdom than Portugal were United States ($56.1B), Netherlands ($34.6B), and Germany ($39.5B).

In 2021, countries that imported more from Portugal than United Kingdom were Spain ($19.3B), Angola ($1.19B), and Morocco ($1.23B).

Difference in imports from Portugal (Flag) and United Kingdom (Flag) (2021)

Comparative Advantage United Kingdom - Portugal

Flow
Scale

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

During 2021, United Kingdom had a large net trade with Portugal in the exports of Machines ($412M), Transportation ($214M), and Metals ($211M).

During 2021, Portugal had a large net trade with United Kingdom in the exports of Machines ($850M), Transportation ($760M), and Textiles ($386M).

Service Trade

Bilateral Service Trade

In 2019, United Kingdom exported services to Portugal worth $1.37B, with Transportation ($693M), Travel ($315M), and Financial services ($186M) being the largest in terms of value.

In 2020, Portugal exported services to United Kingdom worth $2.93B, with Travel ($1.37B), Transportation ($836M), and Other business services ($600M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Portugal (Flag) (2019)

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

Product Space of United Kingdom (Flag) and Portugal (Flag) (2021)

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