Italy / Portugal

Italy-Portugal Trade: In 2022, Italy exported $4.41B to Portugal. The main products that Italy exported to Portugal were Refined Petroleum ($475M), Packaged Medicaments ($202M), and Broadcasting Equipment ($137M). Over the past 5 years the exports of Italy to Portugal have increased at an annualized rate of 6.67%, from $3.2B in 2017 to $4.41B in 2022.

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 Trade: In 2022, Portugal exported $2.18B to Italy. The main products that Portugal exported to Italy were Cars ($573M), Rolled Tobacco ($234M), and Pure Olive Oil ($150M). Over the past 5 years the exports of Portugal to Italy have increased at an annualized rate of 19.9%,  from $881M in 2017 to $2.18B in 2022.

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 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).