Greece (GRC) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Greece-Portugal Trade: In 2023, Greece exported $247M to Portugal. The main products that Greece exported to Portugal were Propylene Polymers ($27M), Non-fillet Fresh Fish ($24.8M), and Refined Petroleum ($21.7M). Over the past 5 years the exports of Greece to Portugal have increased at an annualized rate of 2.07%, from $223M in 2018 to $247M in 2023.

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.

Portugal-Greece Trade: In 2023, Portugal exported $240M to Greece. The main products that Portugal exported to Greece were Cars ($31.2M), Ethylene Polymers ($12.9M), and Rolled Tobacco ($10.6M). Over the past 5 years the exports of Portugal to Greece have increased at an annualized rate of 4.29%, from $194M in 2018 to $240M in 2023.

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

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $247M to Portugal. The main products exported from Greece to Portugal were Propylene Polymers ($27M), Non-fillet Fresh Fish ($24.8M), and Refined Petroleum ($21.7M). During the last 5 years the exports of Greece to Portugal have increased at an annualized rate of 2.07%, from $223M in 2018 to $247M in 2023.

In 2018, Portugal exported $240M to Greece. The main products exported from Portugal to Greece were Cars ($31.2M), Ethylene Polymers ($12.9M), and Rolled Tobacco ($10.6M). During the last 5 years the exports of Portugal to Greece have increased at an annualized rate of 4.29%, from $194M in 2023 to $240M in 2018.

Exports from Greece () to Portugal () (2023)

Exports from Portugal () to Greece () (2023)

Latest Data

Trade between Greece () and Portugal ()

Greece Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Greece than Portugal included Cyprus ($3.03B), Italy ($6.21B), and Bulgaria ($2.38B).

In 2023, countries that imported more from Portugal than Greece included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

Difference in imports from Portugal () and Greece () (2023)

Comparative Advantage Greece - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Portugal in the exports of Machines ($39.9M), Plastics and Rubbers ($36.5M), and Animal Products ($34.3M).

During 2018, Portugal had a large net trade with Greece in the exports of Transportation ($40.3M), Foodstuffs ($35.8M), and Chemical Products ($32M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Portugal+$40.5MRefined Petroleum

Top Product Potential Portugal Greece+$10.1MCars

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

Prt Year

Grc Year

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.

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

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Greece () to Portugal () (2023)

Exports from Portugal () to Greece () (2023)

Latest Data

Trade between Greece () and Portugal ()

Greece Exports

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Greece () (2023)

Comparative Advantage Greece - Portugal

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Greece () and Portugal () (2023)

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