Mexico (MEX) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Mexico-Portugal Trade: In 2022, Mexico exported $87.7M to Portugal. The main products that Mexico exported to Portugal were Titanium ($6.49M), Abrasive Powder ($6.15M), and Ethylene Polymers ($5.83M). Over the past 5 years the exports of Mexico to Portugal have decreased at an annualized rate of 11.1%, from $158M in 2017 to $87.7M in 2022.

In 2022, Mexico did not export any services to Portugal.

Portugal-Mexico Trade: In 2022, Portugal exported $409M to Mexico. The main products that Portugal exported to Mexico were Uncoated Paper ($40.3M), Natural Cork Articles ($29.3M), and Acyclic Hydrocarbons ($25.9M). Over the past 5 years the exports of Portugal to Mexico have decreased at an annualized rate of 0.35%, from $425M in 2017 to $409M in 2022.

In 2020, Portugal exported services to Mexico worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $87.7M to Portugal. The main products exported from Mexico to Portugal were Titanium ($6.49M), Abrasive Powder ($6.15M), and Ethylene Polymers ($5.83M). During the last 5 years the exports of Mexico to Portugal have decreased at an annualized rate of 11.1%, from $158M in 2017 to $87.7M in 2022.

In 2017, Portugal exported $409M to Mexico. The main products exported from Portugal to Mexico were Uncoated Paper ($40.3M), Natural Cork Articles ($29.3M), and Acyclic Hydrocarbons ($25.9M). During the last 5 years the exports of Portugal to Mexico have decreased at an annualized rate of 0.35%, from $425M in 2022 to $409M in 2017.

Exports from Mexico () to Portugal () (2022)

Exports from Portugal () to Mexico () (2022)

Latest Data

Trade between Mexico () and Portugal ()

Mexico Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Portugal
Top DestinationSpain$20.5B

This map shows whether countries import more from Mexico or Portugal. Each country is colored based on the difference in imports they receive from Mexico and Portugal or the difference in the growth in imports.

In 2022, countries that imported more from Mexico than Portugal included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Portugal than Mexico included Spain ($20.5B), France ($9.49B), and Italy ($3.61B).

Difference in imports from Portugal () and Mexico () (2022)

Comparative Advantage Mexico - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Portugal in the exports of Machines ($18.3M), Plastics and Rubbers ($12.9M), and Metals ($11.5M).

During 2017, Portugal had a large net trade with Mexico in the exports of Machines ($103M), Plastics and Rubbers ($64.2M), and Chemical Products ($51.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Portugal+$5.42MIntegrated Circuits

Top Product Potential Portugal Mexico+$19.8MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Prt Year

In 2020, Portugal exported services to Mexico worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Mexico and Portugal. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Mexico.

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Portugal () (2022)

Exports from Portugal () to Mexico () (2022)

Latest Data

Trade between Mexico () and Portugal ()

Mexico Exports

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Mexico () (2022)

Comparative Advantage Mexico - Portugal

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Portugal () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Portugal () (2022)

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