Flag Italy / Portugal Flag

2021
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Exports
: $5.14B, Rnk 27 / 221

2021
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Top Product
: $202M, Packaged Medicaments

2021
FlagFlag
Exports
: $3.28B, Rnk 6 / 210

2021
FlagFlag
Top Product
: $410M, Cars

2021
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Economic Complexity (ECI)
: ECI 1.27, Rnk 19 / 131

2021
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Economic Complexity (ECI)
: ECI 0.56, Rnk 43 / 131

2021
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GDP
: $2.1T, CURRENT US$
Rnk 8 / 182

2011-2021
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GDP GROWTH
: -8.5%, CURRENT US$
Rnk 164 / 182

2021
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 GDP
: $250B, CURRENT US$
Rnk 47 / 182

2011-2021
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GDP GROWTH
: 1.95%, CURRENT US$
Rnk 145 / 182

2021
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GDP PC 
: $35,551, CURRENT US$
Rnk 27 / 182

2011-2021
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GDP PC GROWTH
: -8.02%, CURRENT US$
Rnk 146 / 182

2021
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GDP PC
: $24,262, CURRENT US$
Rnk 37 / 182

2011-2021
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GDP PC GROWTH
: 4.5%, CURRENT US$
Rnk 115 / 182

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

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Bilateral Trade by Products

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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.

Portugal Exports

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Market Competitiveness

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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).

Comparative Advantage Italy - Portugal

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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).

Bilateral Service Trade

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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.

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 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.