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2022
Flag → Flag
Exports $1.5BRnk 40 / 224
2022
Flag → Flag
Top Product $154MCars
2022
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Exports $4.25BRnk 5 / 208
2022
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Top Product $524MCars
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
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 PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 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

About

United Kingdom-Portugal Trade: In 2022, United Kingdom exported $1.5B to Portugal. The main products that United Kingdom exported to Portugal were Cars ($154M), Gas Turbines ($110M), and Petroleum Gas ($98M). Over the past 5 years the exports of United Kingdom to Portugal have decreased at an annualized rate of 6.73%, from $2.12B in 2017 to $1.5B in 2022.

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.

Portugal-United Kingdom Trade: In 2022, Portugal exported $4.25B to United Kingdom. The main products that Portugal exported to United Kingdom were Cars ($524M), Refined Petroleum ($221M), and Uncoated Paper ($158M). Over the past 5 years the exports of Portugal to United Kingdom have increased at an annualized rate of 0.22%,  from $4.2B in 2017 to $4.25B in 2022.

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.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £110M and imported £206M from Portugal, resulting in a negative trade balance of £95.8M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £7.3M (7.11%) from £103M to £110M, while imports decreased by £-48.2M (-19%) from £254M to £206M.

Trade In August 2024, the top exports of United Kingdom to Portugal were Gas Turbines (£18.1M), Cars (£17.5M), Scrap Iron (£10.1M), Refined Petroleum (£5.07M), and Spark-Ignition Engines (£4.97M). In August 2024 the top imports of United Kingdom from Portugal were Cars (£68.1M), Uncoated Paper (£13.9M), Insulated Wire (£6.87M), Commodities not elsewhere specified (£5.49M), and Raw Iron Bars (£5.39M).

Origins In August 2024 the exports of United Kingdom were mainly from Portsmouth (£36.5M), Dover Eurotunnel (£25.3M), Tyne (£5.09M), Avonmouth (£4.45M), and Liverpool (£3.79M), while imports destinations were mainly Liverpool (£29.6M), Eurotunnel (£28.4M), London (£23M), Newhaven (£22.5M), and Dover (£18.2M).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Portugal was explained primarily by an increase in product exports in Gas Turbines (£17.9M or 11.1k%), Cars (£8.79M or 100%), and Refined Petroleum (£5.06M or 33.5k%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Portugal was explained primarily by an decrease in product imports  in Gas Turbines (£-21.4M or -93.9%), Centrifuges (£-8.69M or -72.8%), and Navigation Equipment (£-3.07M or -48.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£7.3M(7.11%)
IMPORT GROWTH (August 2023 - August 2024)£-48.2M(-19%)
MAIN EXPORTER (August 2024)Portsmouth£36.5M

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

To check Portugal and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Portugal and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $1.5B to Portugal. The main products exported from United Kingdom to Portugal were Cars ($154M), Gas Turbines ($110M), and Petroleum Gas ($98M). During the last 5 years the exports of United Kingdom to Portugal have decreased at an annualized rate of 6.73%, from $2.12B in 2017 to $1.5B in 2022.

In 2017, Portugal exported $4.25B to United Kingdom. The main products exported from Portugal to United Kingdom were Cars ($524M), Refined Petroleum ($221M), and Uncoated Paper ($158M). During the last 5 years the exports of Portugal to United Kingdom have increased at an annualized rate of 0.22%, from $4.2B in 2022 to $4.25B in 2017.

Exports from United Kingdom (Flag) to Portugal (Flag) (2022)

Exports from Portugal (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from United Kingdom than Portugal included United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

In 2022, countries that imported more from Portugal than United Kingdom included Spain ($20.5B), Angola ($1.59B), and Cape Verde ($407M).

Difference in imports from Portugal (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Portugal

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Portugal in the exports of Machines ($291M), Metals ($247M), and Transportation ($224M).

During 2017, Portugal had a large net trade with United Kingdom in the exports of Transportation ($752M), Machines ($561M), and Textiles ($463M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Portugal+$100MCars
Top Product Potential Portugal United Kingdom+$173MCars

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 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.

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Portugal (Flag) (2022)

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