Portugal (PRT) and Spain (ESP) Trade | OEC - The Observatory of Economic Complexity

About

Portugal-Spain In 2019, Portugal exported $15.4B to Spain. The main products that Portugal exported to Spain are Vehicle Parts ($1.41B), Cars ($519M), and Refined Petroleum ($453M). During the last 24 years the exports of Portugal to Spain have increased at an annualized rate of 6.32%, from $3.54B in 1995 to $15.4B in 2019.

In 2019, Portugal exported services to Spain worth $4.31B, with Travel ($2.18B), Transportation ($1.19B), and Other business services ($711M) being the largest in terms of value.

Spain-Portugal In 2019, Spain exported $25.8B to Portugal . The main products that Spain exported to Portugal were Vehicle Parts ($1.23B), Cars ($1.08B), and Refined Petroleum ($787M). During the last 24 years the exports of Spain to Portugal have increased at an annualized rate of 5.39%, from $7.32B in 1995 to $25.8B in 2019.

In 2019, Spain exported services to Portugal worth $1.2B, with Travel ($1.2B) being the largest in terms of value.

Comparison In 2019, Portugal ranked 48 in the Economic Complexity Index (ECI 0.54), and 45 in total exports ($66.8B). That same year, Spain ranked 36 in the Economic Complexity Index (ECI 0.85), and 16 in total exports ($319B).

Latest Trends

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September, 2021

About

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Overview In September 2021 Portugal exported €1.53B and imported €2.34B from Spain, resulting in a negative trade balance of €810M. Between September 2020 and September 2021 the exports of Portugal have increased by €223M (17.1%) from €1.31B to €1.53B, while imports increased by €382M (19.5%) from €1.96B to €2.34B.

Trade In September 2021, the top exports of Portugal to Spain were Vehicles; other than railway or tramway... (€186M), Plastics and articles thereof (€127M), Iron and steel (€91.6M), Mineral fuels, mineral oils and products... (€87.3M), and Nuclear reactors, boilers, machinery and mechanical... (€85.7M). In September 2021 the top imports of Portugal from Spain were Mineral fuels, mineral oils and products... (€226M), Vehicles; other than railway or tramway... (€175M), Electrical machinery and equipment and parts... (€150M), Plastics and articles thereof (€147M), and Nuclear reactors, boilers, machinery and mechanical... (€139M).

Growth In September 2021, the increase in Portugal's year-by-year exports to Spain was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... (€51.8M or 146%), Iron and steel (€42.5M or 86.7%), and Organic chemicals (€23.7M or 272%). In September 2021, the increase in Portugal's year-by-year imports from Spain was explained primarily by an increase in product imports in Mineral fuels, mineral oils and products... (€164M or 262%), Iron and steel (€37.6M or 62.7%), and Aluminium and articles thereof (€22.3M or 51.9%).

Latest Trade

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Time Scale

Flow

Value

EXPORT GROWTH (September 2020 - September 2021): €223M, (17.1%)

IMPORT GROWTH (September 2020 - September 2021): €382M, (19.5%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Spain and Portugal trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

In 2019, Portugal exported $15.4B to Spain. The main products exported from Portugal to Spain were Vehicle Parts ($1.41B), Cars ($519M), and Refined Petroleum ($453M). During the last 24 years the exports of Portugal to Spain have increased at an annualized rate of 6.32%, from $3.54B in 1995 to $15.4B in 2019.

In 2019, Spain exported $25.8B to Portugal. The main products exported from Spain to Portugal were Vehicle Parts ($1.23B), Cars ($1.08B), and Refined Petroleum ($787M). During the last 24 years the exports of Spain to Portugal have increased at an annualized rate of 5.39%, from $7.32B in 1995 to $25.8B in 2019.

Latest Data

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Portugal Exports

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Date

Spain Exports

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Date

Market Competitiveness

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Measure

SectionYear

Portugal
Top Destination: Spain, $15.4B

Spain
Top Destination: France, $47.4B

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

In 2019, countries that imported more from Spain than Portugal were France ($47.4B), Germany ($34.9B), and Italy ($25.5B).

Comparative Advantage Portugal - Spain

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Depth

Year

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

During 2019, Portugal had a large net trade with Spain in the exports of Transportation ($2.29B), Metals ($1.65B), and Machines ($1.49B).

During 2019, Spain had a large net trade with Portugal in the exports of Machines ($3.59B), Transportation ($2.81B), and Metals ($2.59B).

TEST

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Flow

Year

Product

Service Trade

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Bilateral Service Trade

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Esp YearPrt Year

In 2019, Portugal exported services to Spain worth $4.31B, with Travel ($2.18B), Transportation ($1.19B), and Other business services ($711M) being the largest in terms of value.

In 2019, Spain exported services to Portugal worth $1.2B, with Travel ($1.2B) 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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Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Latest Data

Portugal Exports

Spain Exports

Market Competitiveness

Comparative Advantage Portugal - Spain

TEST

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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