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2023
Flag → Flag
Exports $5.6BRnk 26 / 219
2023
Flag → Flag
Top Product $212MPackaged Medicaments
2023
Flag → Flag
Exports $3.83BRnk 6 / 211
2023
Flag → Flag
Top Product $760MCars
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$27,331CURRENT US$
Rnk 50 / 196
2013-2023
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GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Italy-Portugal Trade: In 2023, Italy exported $5.6B to Portugal. The main products that Italy exported to Portugal were Packaged Medicaments ($212M), Motor vehicles; parts and accessories (8701 to 8705) ($131M), and Cars ($123M). Over the past 5 years the exports of Italy to Portugal have increased at an annualized rate of 2.05%, from $5.06B in 2018 to $5.6B in 2023.

In 2020, Italy exported services to Portugal worth $258M, with Travel ($97M), Transportation ($52.5M), and Other business services ($52.5M) being the largest in terms of value.

Portugal-Italy Trade: In 2023, Portugal exported $3.83B to Italy. The main products that Portugal exported to Italy were Cars ($760M), Rolled Tobacco ($240M), and Delivery Trucks ($186M). Over the past 5 years the exports of Portugal to Italy have increased at an annualized rate of 9.66%,  from $2.42B in 2018 to $3.83B in 2023.

In 2020, Portugal exported services to Italy worth $491M, with Travel ($210M), Transportation ($144M), and Other business services ($113M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €459M and imported €310M from Portugal, resulting in a positive trade balance of €149M. Between October 2023 and October 2024 the exports of Italy have increased by €11M (2.45%) from €448M to €459M, while imports increased by €94.3M (43.7%) from €216M to €310M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€11M(2.45%)
IMPORT GROWTH (October 2023 - October 2024)€94.3M(43.7%)

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

To check Portugal and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Portugal and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $5.6B to Portugal. The main products exported from Italy to Portugal were Packaged Medicaments ($212M), Motor vehicles; parts and accessories (8701 to 8705) ($131M), and Cars ($123M). During the last 5 years the exports of Italy to Portugal have increased at an annualized rate of 2.05%, from $5.06B in 2018 to $5.6B in 2023.

In 2018, Portugal exported $3.83B to Italy. The main products exported from Portugal to Italy were Cars ($760M), Rolled Tobacco ($240M), and Delivery Trucks ($186M). During the last 5 years the exports of Portugal to Italy have increased at an annualized rate of 9.66%, from $2.42B in 2023 to $3.83B in 2018.

Exports from Italy (Flag) to Portugal (Flag) (2023)

Exports from Portugal (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Italy than Portugal included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

In 2023, countries that imported more from Portugal than Italy included Angola ($1.64B), Cape Verde ($536M), and Mozambique ($263M).

Difference in imports from Portugal (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Portugal

Flow
Scale

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

During 2023, Italy had a large net trade with Portugal in the exports of Machines ($1.37B), Metals ($673M), and Textiles ($649M).

During 2018, Portugal had a large net trade with Italy in the exports of Transportation ($1.04B), Machines ($495M), and Textiles ($379M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Portugal+$75.9MPackaged Medicaments
Top Product Potential Portugal Italy+$86.7MCars

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, Italy exported services to Portugal worth $258M, with Travel ($97M), Transportation ($52.5M), and Other business services ($52.5M) being the largest in terms of value.

In 2020, Portugal exported services to Italy worth $491M, with Travel ($210M), Transportation ($144M), and Other business services ($113M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Portugal (Flag) (2023)

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