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2022
Flag → Flag
Exports $248MRnk 38 / 208
2022
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Top Product $27.6MCars
2022
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Exports $321MRnk 39 / 208
2022
Flag → Flag
Top Product $82.6MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
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Economic Complexity (ECI) ECI 0.32Rnk 47 / 124
2022
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GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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 GDP$219BCURRENT US$
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2012-2022
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GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 186
2022
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GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
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GDP PC$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Portugal-Greece In 2022, Portugal exported $248M to Greece. The main products that Portugal exported to Greece are Cars ($27.6M), Uncoated Paper ($18.6M), and Polycarboxylic Acids ($9.57M). During the last 27 years the exports of Portugal to Greece have increased at an annualized rate of 3.1%, from $109M in 1995 to $248M in 2022.

In 2020, Portugal exported services to Greece worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Greece-Portugal In 2022, Greece exported $321M to Portugal. The main products that Greece exported to Portugal were Refined Petroleum ($82.6M), Propylene Polymers ($33.7M), and Computers ($23.3M). During the last 27 years the exports of Greece to Portugal have increased at an annualized rate of 6.18%, from $63.5M in 1995 to $321M in 2022.

In 2020, Greece exported services to Portugal worth $48.3M, with Transportation ($28.4M), Travel ($7.77M), and Other business services ($7.31M) being the largest in terms of value.

Comparison In 2022,  Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Greece ranked 47 in the Economic Complexity Index (ECI 0.32), and 57 in total exports ($55.7B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €21M and imported €16.3M from Greece, resulting in a positive trade balance of €4.79M. Between January 2023 and January 2024 the exports of Portugal have increased by €3.95M (23.1%) from €17.1M to €21M, while imports increased by €3.13M (23.8%) from €13.1M to €16.3M.

Trade In January 2024, the top exports of Portugal to Greece were Paper articles (€2.22M), Plastics & articles thereof (€2.18M), Electrical machinery and electronics (€1.47M), Tobacco & substitutes (€1.26M), and Cars, tractors, trucks & parts thereof. (€1.1M). In January 2024 the top imports of Portugal from Greece were Tobacco & substitutes (€2.48M), Plastics & articles thereof (€2.42M), Fish, crustaceans, & molluscs (€1.88M), Machinery, mechanical appliances, & parts (€865k), and Animal or vegetable fats, oils, &... (€693k).

Growth In January 2024, the increase in Portugal's year-by-year exports to Greece was explained primarily by an increase in product exports in Paints, dyes, & varnishes (€301k or 150%), Wadding, felt, nonwovens, twin, ropes, &... (€293k or 147%), and Preparations of cereals, flour, starch or... (€283k or 916%). In January 2024, the increase in Portugal's year-by-year imports  from Greece was explained primarily by an increase in product imports  in Animal or vegetable fats, oils, &... (€657k or 1.81k%), Fish, crustaceans, & molluscs (€631k or 50.6%), and Knitted fabrics (€594k or 3.01k%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€3.95M(23.1%)
IMPORT GROWTH (January 2023 - January 2024)€3.13M(23.8%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Greece and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $248M to Greece. The main products exported from Portugal to Greece were Cars ($27.6M), Uncoated Paper ($18.6M), and Polycarboxylic Acids ($9.57M). During the last 27 years the exports of Portugal to Greece have increased at an annualized rate of 3.1%, from $109M in 1995 to $248M in 2022.

In 2022, Greece exported $321M to Portugal. The main products exported from Greece to Portugal were Refined Petroleum ($82.6M), Propylene Polymers ($33.7M), and Computers ($23.3M). During the last 27 years the exports of Greece to Portugal have increased at an annualized rate of 6.18%, from $63.5M in 1995 to $321M in 2022.

Exports from Portugal (Flag) to Greece (Flag) (2022)

Exports from Greece (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Greece
Top DestinationItaly$5.82B

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

In 2021, countries that imported more from Portugal than Greece were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Greece than Portugal were Bulgaria ($3.62B), Cyprus ($2.92B), and Italy ($5.82B).

Difference in imports from Greece (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - Greece

Flow
Scale

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

During 2022, Portugal had a large net trade with Greece in the exports of Transportation ($38.9M), Foodstuffs ($33.5M), and Paper Goods ($29.7M).

During 2022, Greece had a large net trade with Portugal in the exports of Mineral Products ($84.7M), Plastics and Rubbers ($47.2M), and Machines ($45.3M).

Service Trade

Bilateral Service Trade

In 2020, Portugal exported services to Greece worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

In 2020, Greece exported services to Portugal worth $48.3M, with Transportation ($28.4M), Travel ($7.77M), and Other business services ($7.31M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Greece (Flag) (2020)

Services Exports from Greece (Flag) to Portugal (Flag) (2020)

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

Product Space of Portugal (Flag) and Greece (Flag) (2022)

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