2021
Flag  
GDP
$2.11TCURRENT US$
Rnk 8 / 204
2011-2021
Flag
GDP GROWTH
-7.87%CURRENT US$
Rnk 181 / 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 
$35,770CURRENT US$
Rnk 37 / 204
2011-2021
Flag
GDP PC GROWTH
-7.45%CURRENT US$
Rnk 160 / 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

Italy-Portugal In 2021, Italy exported $5.14B to Portugal. The main products that Italy exported to Portugal are Packaged Medicaments ($202M), Tanned Equine and Bovine Hides ($127M), and Motor vehicles; parts and accessories (8701 to 8705) ($122M). During the last 26 years the exports of Italy to Portugal have increased at an annualized rate of 1.83%, from $3.21B in 1995 to $5.14B in 2021.

In 2020, Italy exported services to Portugal worth $258M, with Travel ($97M), Transportation ($52.5M), and Other business services ($52.5M) being the largest in terms of value.

Portugal-Italy In 2021, Portugal exported $3.28B to Italy. The main products that Portugal exported to Italy were Cars ($410M), Rolled Tobacco ($281M), and Pure Olive Oil ($150M). During the last 26 years the exports of Portugal to Italy have increased at an annualized rate of 5.15%, from $890M in 1995 to $3.28B in 2021.

In 2020, Portugal exported services to Italy worth $491M, with Travel ($210M), Transportation ($144M), and Other business services ($113M) being the largest in terms of value.

Comparison In 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). 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, Italy exported $5.14B to Portugal. The main products exported from Italy to Portugal were Packaged Medicaments ($202M), Tanned Equine and Bovine Hides ($127M), and Motor vehicles; parts and accessories (8701 to 8705) ($122M). During the last 26 years the exports of Italy to Portugal have increased at an annualized rate of 1.83%, from $3.21B in 1995 to $5.14B in 2021.

In 2021, Portugal exported $3.28B to Italy. The main products exported from Portugal to Italy were Cars ($410M), Rolled Tobacco ($281M), and Pure Olive Oil ($150M). During the last 26 years the exports of Portugal to Italy have increased at an annualized rate of 5.15%, from $890M in 1995 to $3.28B in 2021.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.4B
Portugal
Top Destination
Spain$19.3B

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 2021, countries that imported more from Italy than Portugal were Germany ($78.4B), United States ($58.1B), and France ($61.6B).

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

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

Comparative Advantage Italy - Portugal

Flow
Scale

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

During 2021, Italy had a large net trade with Portugal in the exports of Machines ($1.26B), Chemical Products ($642M), and Metals ($637M).

During 2021, Portugal had a large net trade with Italy in the exports of Transportation ($593M), Textiles ($413M), and Foodstuffs ($404M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Portugal worth $258M, with Travel ($97M), Transportation ($52.5M), and Other business services ($52.5M) being the largest in terms of value.

In 2020, Portugal exported services to Italy worth $491M, with Travel ($210M), Transportation ($144M), and Other business services ($113M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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