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2023
Flag → Flag
Exports $240MRnk 39 / 211
2023
Flag → Flag
Top Product $31.2MCars
2023
Flag → Flag
Exports $247MRnk 42 / 214
2023
Flag → Flag
Top Product $27MPropylene Polymers
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
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Economic Complexity (ECI) ECI 0.4Rnk 46 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
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GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH2.93%CURRENT US$
Rnk 166 / 195
2023
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GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
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GDP PC$23,401CURRENT US$
Rnk 53 / 196
2013-2023
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GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195

About

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.

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €17.9M and imported €14.5M from Greece, resulting in a positive trade balance of €3.33M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-1.76M (-8.97%) from €19.6M to €17.9M, while imports decreased by €-3.34M (-18.7%) from €17.9M to €14.5M.

Trade In November 2024, the top exports of Portugal to Greece were Paper articles (€2.22M), Plastics & articles thereof (€2.18M), Electrical machinery and electronics (€1.47M), Tobacco & substitutes (€1.26M), and Cars, tractors, trucks & parts thereof. (€1.1M). In November 2024 the top imports of Portugal from Greece were Tobacco & substitutes (€2.48M), Plastics & articles thereof (€2.42M), Fish, Crustaceans & Molluscs (€1.88M), Machinery, mechanical appliances, & parts (€865k), and Animal or vegetable fats, oils, &... (€693k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Greece was explained primarily by an decrease in product exports in Iron/Steel Articles (€-2.78M or -89.5%), Electrical machinery and electronics (€-2.44M or -62.5%), and Cars, tractors, trucks & parts thereof. (€-476k or -30.3%). In November 2024, the decrease in Portugal's year-by-year imports  from Greece was explained primarily by an decrease in product imports  in Machinery, mechanical appliances, & parts (€-4.21M or -83%), Plastics & articles thereof (€-914k or -27.4%), and Chemical products n.e.s. (€-387k or -79.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-1.76M(-8.97%)
IMPORT GROWTH (November 2023 - November 2024)€-3.34M(-18.7%)

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 Greece and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $240M in 2023.

In 2018, 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 2023 to $247M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Greece
Top DestinationItaly$6.21B

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

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

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

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

Comparative Advantage Portugal - Greece

Flow
Scale

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

During 2023, Portugal had a large net trade with Greece in the exports of Transportation ($40.3M), Foodstuffs ($35.8M), and Chemical Products ($32M).

During 2018, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Greece+$10.1MCars
Top Product Potential Greece Portugal+$40.5MRefined Petroleum

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

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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