Flag Portugal / Spain Flag

2021
Flag → Flag
Exports
: $19.3B, Rnk 1 / 210

2021
Flag → Flag
Top Product
: $1.43B, Motor vehicles; parts and accessories (8701 to 8705)

2021
Flag → Flag
Exports
: $30.5B, Rnk 4 / 222

2021
Flag → Flag
Top Product
: $1.47B, Electricity

2021
Flag
Economic Complexity (ECI)
: ECI 0.56, Rnk 43 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 0.78, Rnk 35 / 131

2021
Flag  
GDP
: $250B, CURRENT US$
Rnk 47 / 182

2011-2021
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GDP GROWTH
: 1.95%, CURRENT US$
Rnk 145 / 182

2021
Flag
 GDP
: $1.43T, CURRENT US$
Rnk 14 / 182

2011-2021
Flag
GDP GROWTH
: -3.74%, CURRENT US$
Rnk 158 / 182

2021
Flag
GDP PC 
: $24,262, CURRENT US$
Rnk 37 / 182

2011-2021
Flag
GDP PC GROWTH
: 4.5%, CURRENT US$
Rnk 115 / 182

2021
Flag
GDP PC
: $30,116, CURRENT US$
Rnk 32 / 182

2011-2021
Flag
GDP PC GROWTH
: -4.93%, CURRENT US$
Rnk 139 / 182

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

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Bilateral Trade by Products

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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.

Market Competitiveness

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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).

Comparative Advantage Portugal - Spain

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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).

Bilateral Service Trade

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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.

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 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.