Flag Italy / Portugal Flag

2019
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Exports
: $4.8B, Rnk 25 / 224

2019
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Top Product
: $176M, Packaged Medicaments

2019
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Exports
: $2.78B, Rnk 6 / 208

2019
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Top Product
: $305M, Cars

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI 0.54, Rnk 48 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $239B, CURRENT US$
Rnk 47 / 187

2009-2019
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GDP GROWTH
: -2.02%, CURRENT US$
Rnk 174 / 187

2019
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GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
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GDP PC
: $23,252, CURRENT US$
Rnk 42 / 187

2009-2019
Flag
GDP PC GROWTH
: 0.83%, CURRENT US$
Rnk 157 / 187

Italy-Portugal In 2019, Italy exported $4.8B to Portugal. The main products that Italy exported to Portugal are Packaged Medicaments ($176M), Tanned Equine and Bovine Hides ($126M), and Cars ($126M). During the last 24 years the exports of Italy to Portugal have increased at an annualized rate of 1.75%, from $3.17B in 1995 to $4.8B in 2019.

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 2019, Portugal exported $2.78B to Italy . The main products that Portugal exported to Italy were Cars ($305M), Rolled Tobacco ($238M), and Gold ($135M). During the last 24 years the exports of Portugal to Italy have increased at an annualized rate of 5.03%, from $857M in 1995 to $2.78B in 2019.

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 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Portugal ranked 48 in the Economic Complexity Index (ECI 0.54), and 45 in total exports ($66.8B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $4.8B to Portugal. The main products exported from Italy to Portugal were Packaged Medicaments ($176M), Tanned Equine and Bovine Hides ($126M), and Cars ($126M). During the last 24 years the exports of Italy to Portugal have increased at an annualized rate of 1.75%, from $3.17B in 1995 to $4.8B in 2019.

In 2019, Portugal exported $2.78B to Italy. The main products exported from Portugal to Italy were Cars ($305M), Rolled Tobacco ($238M), and Gold ($135M). During the last 24 years the exports of Portugal to Italy have increased at an annualized rate of 5.03%, from $857M in 1995 to $2.78B in 2019.

Portugal Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Portugal
Top Destination
: Spain, $15.4B

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 ($64.5B), United States ($51.8B), and France ($54.9B).

In 2019, countries that imported more from Portugal than Italy were Angola ($1.39B), Cape Verde ($338M), and Mozambique ($227M).

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 2019, Italy had a large net trade with Portugal in the exports of Machines ($1.17B), Textiles ($628M), and Chemical Products ($560M).

During 2019, Portugal had a large net trade with Italy in the exports of Transportation ($461M), Foodstuffs ($357M), and Textiles ($348M).

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 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.