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2022
Flag → Flag
Exports $5.98BRnk 24 / 221
2022
Flag → Flag
Top Product $475MRefined Petroleum
2022
Flag → Flag
Exports $3.61BRnk 6 / 208
2022
Flag → Flag
Top Product $573MCars
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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 $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

Italy-Portugal Trade: In 2022, Italy exported $5.98B to Portugal. The main products that Italy exported to Portugal were Refined Petroleum ($475M), Packaged Medicaments ($202M), and Broadcasting Equipment ($137M). Over the past 5 years the exports of Italy to Portugal have increased at an annualized rate of 6.26%, from $4.41B in 2017 to $5.98B in 2022.

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 2022, Portugal exported $3.61B to Italy. The main products that Portugal exported to Italy were Cars ($573M), Rolled Tobacco ($234M), and Pure Olive Oil ($150M). Over the past 5 years the exports of Portugal to Italy have increased at an annualized rate of 10.6%,  from $2.18B in 2017 to $3.61B in 2022.

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 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €486M and imported €274M from Portugal, resulting in a positive trade balance of €212M. Between July 2023 and July 2024 the exports of Italy have increased by €79.1M (19.4%) from €407M to €486M, while imports increased by €69.3M (33.9%) from €204M to €274M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€79.1M(19.4%)
IMPORT GROWTH (July 2023 - July 2024)€69.3M(33.9%)

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 2022, Italy exported $5.98B to Portugal. The main products exported from Italy to Portugal were Refined Petroleum ($475M), Packaged Medicaments ($202M), and Broadcasting Equipment ($137M). During the last 5 years the exports of Italy to Portugal have increased at an annualized rate of 6.26%, from $4.41B in 2017 to $5.98B in 2022.

In 2017, Portugal exported $3.61B to Italy. The main products exported from Portugal to Italy were Cars ($573M), Rolled Tobacco ($234M), and Pure Olive Oil ($150M). During the last 5 years the exports of Portugal to Italy have increased at an annualized rate of 10.6%, from $2.18B in 2022 to $3.61B in 2017.

Exports from Italy (Flag) to Portugal (Flag) (2022)

Exports from Portugal (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Portugal
Top DestinationSpain$20.5B

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 2022, countries that imported more from Italy than Portugal included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Portugal than Italy included Angola ($1.59B), Cape Verde ($407M), and Mozambique ($262M).

Difference in imports from Portugal (Flag) and Italy (Flag) (2022)

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 2022, Italy had a large net trade with Portugal in the exports of Machines ($1.35B), Metals ($675M), and Textiles ($654M).

During 2017, Portugal had a large net trade with Italy in the exports of Transportation ($748M), Textiles ($434M), and Machines ($403M).

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) (2022)

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