2021
Flag  
GDP
$254BCURRENT US$
Rnk 49 / 204
2011-2021
Flag
GDP GROWTH
3.62%CURRENT US$
Rnk 157 / 204
2021
Flag
 GDP
$3.12TCURRENT US$
Rnk 6 / 204
2011-2021
Flag
GDP GROWTH
17.1%CURRENT US$
Rnk 124 / 204
2021
Flag
GDP PC 
$24,598CURRENT US$
Rnk 52 / 204
2011-2021
Flag
GDP PC GROWTH
5.95%CURRENT US$
Rnk 128 / 204
2021
Flag
GDP PC
$46,586CURRENT US$
Rnk 29 / 204
2011-2021
Flag
GDP PC GROWTH
10.5%CURRENT US$
Rnk 114 / 204

About

Portugal-United Kingdom In 2021, Portugal exported $4.08B to United Kingdom. The main products that Portugal exported to United Kingdom are Cars ($484M), Gas Turbines ($304M), and Motor vehicles; parts and accessories (8701 to 8705) ($148M). During the last 26 years the exports of Portugal to United Kingdom have increased at an annualized rate of 1.58%, from $2.71B in 1995 to $4.08B in 2021.

In 2020, Portugal exported services to United Kingdom worth $2.93B, with Travel ($1.37B), Transportation ($836M), and Other business services ($600M) being the largest in terms of value.

United Kingdom-Portugal In 2021, United Kingdom exported $1.55B to Portugal. The main products that United Kingdom exported to Portugal were Gas Turbines ($223M), Cars ($122M), and Crude Petroleum ($114M). During the last 26 years the exports of United Kingdom to Portugal have decreased at an annualized rate of 1.58%, from $2.34B in 1995 to $1.55B in 2021.

In 2019, United Kingdom exported services to Portugal worth $1.37B, with Transportation ($693M), Travel ($315M), and Financial services ($186M) 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.43), and 13 in total exports ($420B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Portugal exported $4.08B to United Kingdom. The main products exported from Portugal to United Kingdom were Cars ($484M), Gas Turbines ($304M), and Motor vehicles; parts and accessories (8701 to 8705) ($148M). During the last 26 years the exports of Portugal to United Kingdom have increased at an annualized rate of 9,13%, from $109M in 1995 to $4.08B in 2021.

In 2021, United Kingdom exported $1.55B to Portugal. The main products exported from United Kingdom to Portugal were Gas Turbines ($223M), Cars ($122M), and Crude Petroleum ($114M). During the last 26 years the exports of United Kingdom to Portugal have decreased at an annualized rate of 9,99%, from $631M in 1995 to $1.55B in 2021.

Exports from Portugal (Flag) to United Kingdom (Flag) (2021)

Exports from United Kingdom (Flag) to Portugal (Flag) (2021)

Market Competitiveness

Color
Portugal
Top Destination
Spain$19.3B
United Kingdom
Top Destination
United States$56.1B

This map shows whether countries import more from Portugal or United Kingdom. Each country is colored based on the difference in imports they receive from Portugal and United Kingdom or the difference in the growth in imports.

In 2021, countries that imported more from Portugal than United Kingdom were Spain ($19.3B), Angola ($1.19B), and Morocco ($1.23B).

In 2021, countries that imported more from United Kingdom than Portugal were United States ($56.1B), Netherlands ($34.6B), and Germany ($39.5B).

Difference in imports from United Kingdom (Flag) and Portugal (Flag) (2021)

Comparative Advantage Portugal - United Kingdom

Flow
Scale

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

During 2021, Portugal had a large net trade with United Kingdom in the exports of Machines ($850M), Transportation ($760M), and Textiles ($386M).

During 2021, United Kingdom had a large net trade with Portugal in the exports of Machines ($412M), Transportation ($214M), and Metals ($211M).

Service Trade

Bilateral Service Trade

In 2020, Portugal exported services to United Kingdom worth $2.93B, with Travel ($1.37B), Transportation ($836M), and Other business services ($600M) being the largest in terms of value.

In 2019, United Kingdom exported services to Portugal worth $1.37B, with Transportation ($693M), Travel ($315M), and Financial services ($186M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Portugal (Flag) (2019)

Economic Complexity

Competitive Landscape

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 United Kingdom. Similarly, the more yellow a dot/product is, the more United Kingdom has comparative advantage over Portugal.

Product Space of Portugal (Flag) and United Kingdom (Flag) (2021)

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