Flag Portugal / Spain Flag

2020
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Exports
: $14.7B, Rnk 1 / 210

2020
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Top Product
: $1.37B, Motor vehicles; parts and accessories (8701 to 8705)

2020
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Exports
: $23.8B, Rnk 3 / 218

2020
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Top Product
: $960M, Motor vehicles; parts and accessories (8701 to 8705)

2020
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Economic Complexity (ECI)
: ECI 0.47, Rnk 45 / 127

2020
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Economic Complexity (ECI)
: ECI 0.76, Rnk 34 / 127

2020
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GDP
: $229B, CURRENT US$
Rnk 47 / 195

2010-2020
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GDP GROWTH
: -3.93%, CURRENT US$
Rnk 165 / 195

2020
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 GDP
: $1.28T, CURRENT US$
Rnk 14 / 195

2010-2020
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GDP GROWTH
: -9.8%, CURRENT US$
Rnk 174 / 195

2020
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GDP PC 
: $22,176, CURRENT US$
Rnk 43 / 195

2010-2020
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GDP PC GROWTH
: -1.43%, CURRENT US$
Rnk 145 / 195

2020
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GDP PC
: $27,063, CURRENT US$
Rnk 36 / 195

2010-2020
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GDP PC GROWTH
: -11.3%, CURRENT US$
Rnk 164 / 195

Portugal-Spain In 2020, Portugal exported $14.7B to Spain. The main products that Portugal exported to Spain are Motor vehicles; parts and accessories (8701 to 8705) ($1.37B), Cars ($389M), and Centrifuges ($388M). During the last 25 years the exports of Portugal to Spain have increased at an annualized rate of 5.78%, from $3.61B in 1995 to $14.7B in 2020.

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 2020, Spain exported $23.8B to Portugal . The main products that Spain exported to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($960M), Cars ($772M), and Refined Petroleum ($578M). During the last 25 years the exports of Spain to Portugal have increased at an annualized rate of 4.74%, from $7.46B in 1995 to $23.8B in 2020.

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

Comparison In 2020,  Portugal ranked 45 in the Economic Complexity Index (ECI 0.47), and 43 in total exports ($62.2B). That same year, Spain ranked 34 in the Economic Complexity Index (ECI 0.76), and 17 in total exports ($298B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Portugal exported $14.7B to Spain. The main products exported from Portugal to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($1.37B), Cars ($389M), and Centrifuges ($388M). During the last 25 years the exports of Portugal to Spain have increased at an annualized rate of 5.78%, from $3.61B in 1995 to $14.7B in 2020.

In 2020, Spain exported $23.8B to Portugal. The main products exported from Spain to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($960M), Cars ($772M), and Refined Petroleum ($578M). During the last 25 years the exports of Spain to Portugal have increased at an annualized rate of 4.74%, from $7.46B in 1995 to $23.8B in 2020.

Market Competitiveness

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Measure

Portugal
Top Destination
: Spain, $14.7B

Spain
Top Destination
: France, $47.6B

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 ($996M), Guyana ($407M), and Cape Verde ($447M).

In 2019, countries that imported more from Spain than Portugal were France ($47.6B), Germany ($34B), and Italy ($22.8B).

Comparative Advantage Portugal - Spain

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Flow

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

During 2020, Portugal had a large net trade with Spain in the exports of Transportation ($2.1B), Machines ($1.63B), and Metals ($1.56B).

During 2020, Spain had a large net trade with Portugal in the exports of Machines ($3.64B), Metals ($2.4B), and Chemical Products ($2.18B).

Bilateral Service Trade

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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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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.