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2023
Flag → Flag
Exports $318MRnk 35 / 211
2023
Flag → Flag
Top Product $307MRefined Petroleum
2023
Flag → Flag
Exports $525kRnk 20 / 88
2023
Flag → Flag
Top Product $391kRecreational Boats
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Portugal-Gibraltar Trade: In 2023, Portugal exported $318M to Gibraltar. The main products that Portugal exported to Gibraltar were Refined Petroleum ($307M), Rolled Tobacco ($5.3M), and Aluminium Structures ($1.1M). Over the past 5 years the exports of Portugal to Gibraltar have increased at an annualized rate of 12.5%, from $177M in 2018 to $318M in 2023.

In 2023, Portugal did not export any services to Gibraltar.

Gibraltar-Portugal Trade: In 2023, Gibraltar exported $525k to Portugal. The main products that Gibraltar exported to Portugal were Recreational Boats ($391k), Wood Carpentry ($65.4k), and Aluminium Plating ($45.7k). Over the past 5 years the exports of Gibraltar to Portugal have decreased at an annualized rate of 10.6%,  from $920k in 2018 to $525k in 2023.

In 2023, Gibraltar did not export any services to Portugal.

Comparison In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 46 in total exports ($83B). That same year, Gibraltar ranked 177 in total exports ($296M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €19.5M and imported €1.05k from Gibraltar, resulting in a positive trade balance of €19.5M. Between November 2023 and November 2024 the exports of Portugal have increased by €16.1M (473%) from €3.41M to €19.5M, while imports decreased by €-345 (-24.7%) from €1.4k to €1.05k.

Trade In November 2024, the top exports of Portugal to Gibraltar were Tobacco & substitutes (€513k), Aluminum articles (€177k), Clocks, watches, & parts (€85k), Iron/Steel Articles (€54k), and Glass & glassware (€52.8k). In November 2024 the top imports of Portugal from Gibraltar were Live animals (€0), Meat & edible offal (€0), Fish, Crustaceans & Molluscs (€0), Edible products of animal origin, n.e.s. (€0), and Animal originated products, n.e.s. (€0).

Growth In November 2024, the increase in Portugal's year-by-year exports to Gibraltar was explained primarily by an increase in product exports in Iron/Steel Articles (€27.9k or 107%), Paper articles (€26.8k or 5.71k%), and Cars, tractors, trucks & parts thereof. (€26.3k or 303%). In November 2024, the decrease in Portugal's year-by-year imports  from Gibraltar was explained primarily by an decrease in product imports  in Electrical machinery and electronics (€-2.19k or -100%) and Knitted clothing accesories (€-150 or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€16.1M(473%)
IMPORT GROWTH (November 2023 - November 2024)€-345(-24.7%)

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

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

For full datasets download visit Bulk Download page.

Explore Gibraltar and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $318M to Gibraltar. The main products exported from Portugal to Gibraltar were Refined Petroleum ($307M), Rolled Tobacco ($5.3M), and Aluminium Structures ($1.1M). During the last 5 years the exports of Portugal to Gibraltar have increased at an annualized rate of 12.5%, from $177M in 2018 to $318M in 2023.

In 2018, Gibraltar exported $525k to Portugal. The main products exported from Gibraltar to Portugal were Recreational Boats ($391k), Wood Carpentry ($65.4k), and Aluminium Plating ($45.7k). During the last 5 years the exports of Gibraltar to Portugal have decreased at an annualized rate of 10.6%, from $920k in 2023 to $525k in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Gibraltar
Top DestinationNetherlands$113M

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

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

In 2023, no countries were registered that imported more from Gibraltar than from Portugal.

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

Comparative Advantage Portugal - Gibraltar

Flow
Scale

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

During 2023, Portugal had a large net trade with Gibraltar in the exports of Mineral Products ($307M), Foodstuffs ($5.44M), and Metals ($2.39M).

During 2018, Gibraltar had a large net trade with Portugal in the exports of Transportation ($399k), Wood Products ($67.7k), and Metals ($46.2k).

Economic Complexity

Competitive Landscape

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

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

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