Flag Italy / Portugal Flag

2020
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Exports
: $4.11B, Rnk 26 / 213

2020
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Top Product
: $199M, Packaged Medicaments

2020
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Exports
: $2.67B, Rnk 6 / 210

2020
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Top Product
: $382M, Cars

2020
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Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
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Economic Complexity (ECI)
: ECI 0.47, Rnk 45 / 127

2020
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GDP
: $1.89T, CURRENT US$
Rnk 8 / 195

2010-2020
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GDP GROWTH
: -11.5%, CURRENT US$
Rnk 179 / 195

2020
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 GDP
: $229B, CURRENT US$
Rnk 47 / 195

2010-2020
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GDP GROWTH
: -3.93%, CURRENT US$
Rnk 165 / 195

2020
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GDP PC 
: $31,714, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP PC GROWTH
: -11.9%, CURRENT US$
Rnk 166 / 195

2020
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GDP PC
: $22,176, CURRENT US$
Rnk 43 / 195

2010-2020
Flag
GDP PC GROWTH
: -1.43%, CURRENT US$
Rnk 145 / 195

Italy-Portugal In 2020, Italy exported $4.11B to Portugal. The main products that Italy exported to Portugal are Packaged Medicaments ($199M), Tanned Equine and Bovine Hides ($111M), and Motor vehicles; parts and accessories (8701 to 8705) ($102M). During the last 25 years the exports of Italy to Portugal have increased at an annualized rate of 1.01%, from $3.2B in 1995 to $4.11B in 2020.

In 2018, Italy exported services to Portugal worth $502M, with Travel ($228M), Transportation ($97.4M), and Other business services ($76.9M) being the largest in terms of value.

Portugal-Italy In 2020, Portugal exported $2.67B to Italy . The main products that Portugal exported to Italy were Cars ($382M), Rolled Tobacco ($212M), and Gold ($137M). During the last 25 years the exports of Portugal to Italy have increased at an annualized rate of 4.54%, from $881M in 1995 to $2.67B in 2020.

In 2019, Portugal exported services to Italy worth $942M, with Travel ($528M), Transportation ($259M), and Other business services ($138M) being the largest in terms of value.

Comparison In 2020,  Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B). That same year, Portugal ranked 45 in the Economic Complexity Index (ECI 0.47), and 43 in total exports ($62.2B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Italy exported $4.11B to Portugal. The main products exported from Italy to Portugal were Packaged Medicaments ($199M), Tanned Equine and Bovine Hides ($111M), and Motor vehicles; parts and accessories (8701 to 8705) ($102M). During the last 25 years the exports of Italy to Portugal have increased at an annualized rate of 1.01%, from $3.2B in 1995 to $4.11B in 2020.

In 2020, Portugal exported $2.67B to Italy. The main products exported from Portugal to Italy were Cars ($382M), Rolled Tobacco ($212M), and Gold ($137M). During the last 25 years the exports of Portugal to Italy have increased at an annualized rate of 4.54%, from $881M in 1995 to $2.67B in 2020.

Portugal Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $62.1B

Portugal
Top Destination
: Spain, $14.7B

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 2019, countries that imported more from Italy than Portugal were Germany ($62.1B), United States ($47.9B), and France ($49.5B).

In 2019, countries that imported more from Portugal than Italy were Angola ($996M), Guyana ($407M), and Cape Verde ($447M).

Comparative Advantage Italy - Portugal

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Flow

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

During 2020, Italy had a large net trade with Portugal in the exports of Machines ($1.05B), Chemical Products ($574M), and Textiles ($464M).

During 2020, Portugal had a large net trade with Italy in the exports of Transportation ($516M), Foodstuffs ($340M), and Textiles ($306M).

Bilateral Service Trade

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In 2018, Italy exported services to Portugal worth $502M, with Travel ($228M), Transportation ($97.4M), and Other business services ($76.9M) being the largest in terms of value.

In 2019, Portugal exported services to Italy worth $942M, with Travel ($528M), Transportation ($259M), and Other business services ($138M) 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.