Flag Italy / Portugal Flag

Exports Flag → Flag  (2018): $5.01B, Rnk 26 / 213

Top Product Flag → Flag (2018): $162M, Cars

Exports Flag → Flag (2018): $2.77B, Rnk 7 / 201

Top Product Flag → Flag (2018): $360M, Cars

Economic Complexity of Flag (2018): ECI 1.31, Rnk 18 / 137

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

GDP Flag (2018): $2.08T, CURRENT US$
Rnk 8 / 196

GDP GROWTH Flag (2008-2018): -13.1%, CURRENT US$
Rnk 187 / 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): $34,483, CURRENT US$
Rnk 29 / 196

GDP PC GROWTH Flag (2008-2018): -15.4%, CURRENT US$
Rnk 176 / 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

Italy-Portugal: In 2018, Italy exported $5.01B to Portugal. The main products exported from Italy to Portugal were Cars ($162M), Tanned Equine and Bovine Hides ($150M), and Packaged Medicaments ($141M). During the last 23 years the exports of Italy to Portugal have increased at an annualized rate of 2.2%, from $3.04B in 1995 to $5.01B in 2018. In 2016, Italy exported services to Portugal worth $413M, with Travel ($226M), Transportation ($88.8M), and Other business services ($41.2M) being the largest in terms of value.

Portugal-Italy: In 2018, Portugal exported $2.77B to Italy. The main products exported from Portugal to Italy were Cars ($360M), Rolled Tobacco ($231M), and Pure Olive Oil ($123M). During the last 23 years the exports of Portugal to Italy have increased at an annualized rate of 5.28%, from $846M in 1995 to $2.77B in 2018. In 2016, Portugal exported services to Italy worth $672M, with Travel ($293M), Transportation ($200M), and Other business services ($168M) being the largest in terms of value.

Comparison: In 2018, Italy ranked 18 in the Economic Complexity Index (ECI 1.31), and 8 in total exports ($540B). 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, Italy was ranked 29 with a GDP Per Capita of $34,483, 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, Italy exported $5.01B to Portugal. The main products exported from Italy to Portugal were Cars ($162M), Tanned Equine and Bovine Hides ($150M), and Packaged Medicaments ($141M). During the last 23 years the exports of Italy to Portugal have increased at an annualized rate of 2.2%, from $3.04B in 1995 to $5.01B in 2018.

In 2018, Portugal exported $2.77B to Italy. The main products exported from Portugal to Italy were Cars ($360M), Rolled Tobacco ($231M), and Pure Olive Oil ($123M). During the last 23 years the exports of Portugal to Italy have increased at an annualized rate of 5.28%, from $846M in 1995 to $2.77B in 2018.

Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $67.8B

Portugal
Top Destination
: Spain, $16.8B

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 2018, countries that imported more from Italy than Portugal were Germany ($67.8B), France ($56.4B), and United States ($50.6B).

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

Comparative Advantage Italy - Portugal

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Depth

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

During 2018, Italy had a large net trade with Portugal in the exports of Machines ($1.27B), Textiles ($623M), and Metals ($590M).

During 2018, Portugal had a large net trade with Italy in the exports of Transportation ($494M), Textiles ($369M), and Foodstuffs ($358M).

Trade Forecasts

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This section shows a forecast for total trade between Italy 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, Italy exported services to Portugal worth $413M, with Travel ($226M), Transportation ($88.8M), and Other business services ($41.2M) being the largest in terms of value.

In 2016, Portugal exported services to Italy worth $672M, with Travel ($293M), Transportation ($200M), and Other business services ($168M) 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 Italy has comparative advantage over Portugal. Similarly, the more red a dot/product is, the more Portugal has comparative advantage over Italy.