2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
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2022
Flag
 GDP
$529BCURRENT US$
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2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC 
$24,275CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
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2022
Flag
GDP PC
$104,039CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
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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 4.02%,  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).

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 4.02%, 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 Destination
Spain$20.5B
Ireland
Top Destination
United 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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