Overview In 2020 Portugal was the number 47 economy in the world in terms of GDP (current US$), the number 43 in total exports, the number 40 in total imports,
the number 43 economy in terms of GDP per capita (current US$) and the number 45 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Portugal are Cars ($3.77B), Vehicle Parts ($2.96B), Refined Petroleum ($1.87B), Leather Footwear ($1.52B), and Packaged Medicaments ($1.13B), exporting mostly to Spain ($14.7B), France ($8.01B), Germany ($7.27B), United Kingdom ($3.53B), and United States ($3.31B).
In 2020, Portugal was the world's biggest exporter of Agglomerated Cork ($546M), Natural Cork Articles ($489M), and Hat Forms ($15.5M)
Imports The top imports of Portugal are Cars ($3.59B), Crude Petroleum ($3.53B), Vehicle Parts ($2.41B), Packaged Medicaments ($2.38B), and Petroleum Gas ($1.42B), importing mostly from Spain ($23.8B), Germany ($10B), France ($5.51B), Netherlands ($4.19B), and Italy ($4.11B).
In 2020, Portugal was the world's biggest importer of Raw Cork ($110M)and Debacked Cork ($10.2M)
Location Portugal borders Spain by land and Morocco by sea.