Flag Portugal / Spain Flag

2019
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Exports
: $15.4B, Rnk 1 / 208

2019
Flag β†’ Flag
Top Product
: $1.41B, Vehicle Parts

2019
Flag β†’ Flag
Exports
: $25.8B, Rnk 3 / 219

2019
Flag β†’ Flag
Top Product
: $1.23B, Vehicle Parts

2019
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Economic Complexity (ECI)
: ECI 0.58, Rnk 47 / 157

2019
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Economic Complexity (ECI)
: ECI 0.9, Rnk 36 / 157

2019
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GDP
: $239B, CURRENT US$
Rnk 47 / 187

2009-2019
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GDP GROWTH
: -2.02%, CURRENT US$
Rnk 174 / 187

2019
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 GDP
: $1.39T, CURRENT US$
Rnk 14 / 187

2009-2019
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GDP GROWTH
: -6.2%, CURRENT US$
Rnk 179 / 187

2019
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GDP PC 
: $23,252, CURRENT US$
Rnk 42 / 187

2009-2019
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GDP PC GROWTH
: 0.83%, CURRENT US$
Rnk 157 / 187

2019
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GDP PC 
: $29,600, CURRENT US$
Rnk 36 / 187

2009-2019
Flag
GDP PC GROWTH
: -7.62%, CURRENT US$
Rnk 174 / 187

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 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 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 2016, Spain exported services to Portugal worth $1.06B, with Travel ($1.06B) being the largest in terms of value.

Comparison: In 2019,  Portugal ranked 47 in the Economic Complexity Index (ECI 0.58), and 45 in total exports ($66.8B). That same year, Spain ranked 36 in the Economic Complexity Index (ECI 0.9), and 16 in total exports ($319B).

Bilateral Trade by Products

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Depth
Value

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.

Market Competitiveness

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Measure

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

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).

Bilateral Service Trade

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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.

In 2016, Spain exported services to Portugal worth $1.06B, with Travel ($1.06B) 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 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.