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2022
Flag → Flag
Exports $685MRnk 18 / 208
2022
Flag → Flag
Top Product $68.3MPackaged Medicaments
2022
Flag → Flag
Exports $916MRnk 25 / 210
2022
Flag → Flag
Top Product $181MNitrogen Heterocyclic Compounds
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
Flag  
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$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 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$104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186

About

Portugal-Ireland Trade: In 2022, Portugal exported $685M to Ireland. The main products that Portugal exported to Ireland were Packaged Medicaments ($68.3M), Raw Iron Bars ($59.2M), and Unpackaged Medicaments ($57.4M). Over the past 5 years the exports of Portugal to Ireland have increased at an annualized rate of 12.4%, from $382M in 2017 to $685M in 2022.

In 2020, Portugal exported services to Ireland worth $559M, with Other business services ($236M), Travel ($220M), and Transportation ($82.2M) being the largest in terms of value.

Ireland-Portugal Trade: In 2022, Ireland exported $916M to Portugal. The main products that Ireland exported to Portugal were Nitrogen Heterocyclic Compounds ($181M), Packaged Medicaments ($136M), and Scrap Iron ($80.4M). Over the past 5 years the exports of Ireland to Portugal have increased at an annualized rate of 9.92%,  from $571M in 2017 to $916M in 2022.

In 2020, Ireland exported services to Portugal worth $415M, with Other business services ($313M), Insurance services ($54.8M), and Transportation ($22.8M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €42M and imported €69.2M from Ireland, resulting in a negative trade balance of €27.2M. Between August 2023 and August 2024 the exports of Portugal have increased by €12.5M (42.4%) from €29.5M to €42M, while imports increased by €7.44M (12%) from €61.8M to €69.2M.

Trade In August 2024, the top exports of Portugal to Ireland were Iron & steel (€10.6M), Pharmaceutical products (€8.44M), Inorganic chemicals (€3.36M), Iron or steel articles (€2.79M), and Wood, wood articles, & charcoal (€2.28M). In August 2024 the top imports of Portugal from Ireland were Organic chemicals (€18.4M), Pharmaceutical products (€16.3M), Electrical machinery and electronics (€6.51M), Machinery, mechanical appliances, & parts (€3.35M), and Perfumery & cosmetics (€3.05M).

Growth In August 2024, the increase in Portugal's year-by-year exports to Ireland was explained primarily by an increase in product exports in Iron & steel (€6.51M or 157%), Inorganic chemicals (€3.36M or 55.4k%), and Organic chemicals (€2M or 1.06M%). In August 2024, the increase in Portugal's year-by-year imports  from Ireland was explained primarily by an increase in product imports  in Organic chemicals (€12.1M or 195%), Pharmaceutical products (€6.39M or 64.6%), and Chemical products n.e.s. (€2.2M or 262%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€12.5M(42.4%)
IMPORT GROWTH (August 2023 - August 2024)€7.44M(12%)

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 Ireland and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ireland and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $685M to Ireland. The main products exported from Portugal to Ireland were Packaged Medicaments ($68.3M), Raw Iron Bars ($59.2M), and Unpackaged Medicaments ($57.4M). During the last 5 years the exports of Portugal to Ireland have increased at an annualized rate of 12.4%, from $382M in 2017 to $685M in 2022.

In 2017, Ireland exported $916M to Portugal. The main products exported from Ireland to Portugal were Nitrogen Heterocyclic Compounds ($181M), Packaged Medicaments ($136M), and Scrap Iron ($80.4M). During the last 5 years the exports of Ireland to Portugal have increased at an annualized rate of 9.92%, from $571M in 2022 to $916M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Ireland
Top DestinationUnited States$70.7B

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

In 2022, countries that imported more from Portugal than Ireland included Spain ($20.5B), Angola ($1.59B), and Morocco ($897M).

In 2022, countries that imported more from Ireland than Portugal included United States ($70.7B), Germany ($28.6B), and China ($16.7B).

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

Comparative Advantage Portugal - Ireland

Flow
Scale

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

During 2022, Portugal had a large net trade with Ireland in the exports of Chemical Products ($184M), Metals ($139M), and Transportation ($86.9M).

During 2017, Ireland had a large net trade with Portugal in the exports of Chemical Products ($513M), Machines ($158M), and Metals ($89.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Ireland+$21.7MCars
Top Product Potential Ireland Portugal+$49.9MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Portugal exported services to Ireland worth $559M, with Other business services ($236M), Travel ($220M), and Transportation ($82.2M) being the largest in terms of value.

In 2020, Ireland exported services to Portugal worth $415M, with Other business services ($313M), Insurance services ($54.8M), and Transportation ($22.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Portugal and Ireland. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Portugal.

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

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