2021
Flag  
GDP
$254BCURRENT US$
Rnk 49 / 204
2011-2021
Flag
GDP GROWTH
3.62%CURRENT US$
Rnk 157 / 204
2021
Flag
 GDP
$1.43TCURRENT US$
Rnk 14 / 204
2011-2021
Flag
GDP GROWTH
-3.6%CURRENT US$
Rnk 177 / 204
2021
Flag
GDP PC 
$24,598CURRENT US$
Rnk 52 / 204
2011-2021
Flag
GDP PC GROWTH
5.95%CURRENT US$
Rnk 128 / 204
2021
Flag
GDP PC
$30,104CURRENT US$
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2011-2021
Flag
GDP PC GROWTH
-4.97%CURRENT US$
Rnk 158 / 204

About

Portugal-Spain In 2021, Portugal exported $19.3B to Spain. The main products that Portugal exported to Spain are Motor vehicles; parts and accessories (8701 to 8705) ($1.43B), Refined Petroleum ($578M), and Electricity ($561M). During the last 26 years the exports of Portugal to Spain have increased at an annualized rate of 6.66%, from $3.61B in 1995 to $19.3B in 2021.

In 2020, Portugal exported services to Spain worth $3.15B, with Travel ($1.15B), Transportation ($1.11B), and Other business services ($690M) being the largest in terms of value.

Spain-Portugal In 2021, Spain exported $30.5B to Portugal. The main products that Spain exported to Portugal were Electricity ($1.47B), Motor vehicles; parts and accessories (8701 to 8705) ($1.28B), and Refined Petroleum ($1B). During the last 26 years the exports of Spain to Portugal have increased at an annualized rate of 5.56%, from $7.48B in 1995 to $30.5B in 2021.

In 2020, Spain exported services to Portugal worth $350M, with Travel ($350M) being the largest in terms of value.

Comparison In 2021,  Portugal ranked 43 in the Economic Complexity Index (ECI 0.56), and 46 in total exports ($75.6B). That same year, Spain ranked 35 in the Economic Complexity Index (ECI 0.78), and 16 in total exports ($372B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Portugal exported $19.3B to Spain. The main products exported from Portugal to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($1.43B), Refined Petroleum ($578M), and Electricity ($561M). During the last 26 years the exports of Portugal to Spain have increased at an annualized rate of 6.66%, from $3.61B in 1995 to $19.3B in 2021.

In 2021, Spain exported $30.5B to Portugal. The main products exported from Spain to Portugal were Electricity ($1.47B), Motor vehicles; parts and accessories (8701 to 8705) ($1.28B), and Refined Petroleum ($1B). During the last 26 years the exports of Spain to Portugal have increased at an annualized rate of 5.56%, from $7.48B in 1995 to $30.5B in 2021.

Exports from Portugal (Flag) to Spain (Flag) (2021)

Exports from Spain (Flag) to Portugal (Flag) (2021)

Market Competitiveness

Color
Portugal
Top Destination
Spain$19.3B
Spain
Top Destination
France$59B

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

In 2021, countries that imported more from Portugal than Spain were Angola ($1.19B), Cape Verde ($355M), and Mozambique ($255M).

In 2021, countries that imported more from Spain than Portugal were France ($59B), Germany ($38.3B), and Italy ($30.6B).

Difference in imports from Spain (Flag) and Portugal (Flag) (2021)

Comparative Advantage Portugal - Spain

Flow
Scale

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

During 2021, Portugal had a large net trade with Spain in the exports of Transportation ($2.44B), Metals ($2.35B), and Machines ($1.93B).

During 2021, Spain had a large net trade with Portugal in the exports of Machines ($4.19B), Metals ($3.66B), and Mineral Products ($3.02B).

Service Trade

Bilateral Service Trade

In 2020, Portugal exported services to Spain worth $3.15B, with Travel ($1.15B), Transportation ($1.11B), and Other business services ($690M) being the largest in terms of value.

In 2020, Spain exported services to Portugal worth $350M, with Travel ($350M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Spain (Flag) (2020)

Services Exports from Spain (Flag) to Portugal (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Portugal has comparative advantage over Spain. Similarly, the more yellow a dot/product is, the more Spain has comparative advantage over Portugal.

Product Space of Portugal (Flag) and Spain (Flag) (2021)

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