Portugal / Spain

Portugal-Spain: In 2018, Portugal exported $16.8B to Spain. The main products exported from Portugal to Spain were Vehicle Parts ($1.4B), Refined Petroleum ($677M), and Knit T-shirts ($366M). During the last 23 years the exports of Portugal to Spain have increased at an annualized rate of 7.24%, from $3.36B in 1995 to $16.8B in 2018. In 2016, Portugal exported services to Spain worth $3.37B, with Travel ($1.82B), Transportation ($811M), and Other business services ($608M) being the largest in terms of value.

Spain-Portugal: In 2018, Spain exported $27.2B to Portugal. The main products exported from Spain to Portugal were Cars ($1.26B), Vehicle Parts ($1.25B), and Petroleum Gas ($774M). During the last 23 years the exports of Spain to Portugal have increased at an annualized rate of 6%, from $7.13B in 1995 to $27.2B in 2018. In 2016, Spain exported services to Portugal worth $1.06B, with Travel ($1.06B) being the largest in terms of value.

Comparison: In 2018, Portugal ranked 48 in the Economic Complexity Index (ECI 0.46), and 44 in total exports ($72B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). In terms of GDP Per Capita, Portugal was ranked 41 with a GDP Per Capita of $23,408, and Spain was ranked 35 with a GDP Per Capita of $30,371.