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2022
Flag → Flag
Exports $409MRnk 28 / 208
2022
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Top Product $40.3MUncoated Paper
2022
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Exports $87.7MRnk 71 / 156
2022
Flag → Flag
Top Product $6.49MTitanium
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
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$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 127 / 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
2022
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GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
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GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Portugal-Mexico In 2022, Portugal exported $409M to Mexico. The main products that Portugal exported to Mexico are Uncoated Paper ($40.3M), Natural Cork Articles ($29.3M), and Acyclic Hydrocarbons ($25.9M). During the last 27 years the exports of Portugal to Mexico have increased at an annualized rate of 11%, from $24.4M in 1995 to $409M in 2022.

In 2020, Portugal exported services to Mexico worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Mexico-Portugal In 2022, Mexico exported $87.7M to Portugal. The main products that Mexico exported to Portugal were Titanium ($6.49M), Abrasive Powder ($6.15M), and Ethylene Polymers ($5.83M). During the last 27 years the exports of Mexico to Portugal have decreased at an annualized rate of 0.44%, from $98.8M in 1995 to $87.7M in 2022.

In 2022, Mexico did not export any services to Portugal.

Comparison In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

February, 2024

About

Overview In February 2024, Portugal exported €36.7M and imported €9.28M from Mexico, resulting in a positive trade balance of €27.5M. Between February 2023 and February 2024 the exports of Portugal have increased by €10.1M (37.7%) from €26.7M to €36.7M, while imports increased by €794k (9.36%) from €8.48M to €9.28M.

Trade In February 2024, the top exports of Portugal to Mexico were Machinery, mechanical appliances, & parts (€3.92M), Rubber & articles thereof (€2.5M), Cork & cork articles (€2.47M), Paper articles (€1.45M), and Pharmaceutical products (€1.36M). In February 2024 the top imports of Portugal from Mexico were Electrical machinery and electronics (€1.11M), Ships, boats, & floating structures (€983k), Beverages, spirits, & vinegar (€961k), Cermet articles (€897k), and Optical, photo, & film equipment; medical... (€503k).

Growth In February 2024, the increase in Portugal's year-by-year exports to Mexico was explained primarily by an increase in product exports in Rubber & articles thereof (€1.61M or 182%), Pharmaceutical products (€1.36M or 8.52M%), and Inorganic chemicals (€1.24M or 4.42k%). In February 2024, the increase in Portugal's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Beverages, spirits, & vinegar (€826k or 613%), Electrical machinery and electronics (€390k or 54.3%), and Preparations of vegetables, fruit, nuts or... (€217k or 5.43M%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)€10.1M(37.7%)
IMPORT GROWTH (February 2023 - February 2024)€794k(9.36%)

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 Mexico and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $409M to Mexico. The main products exported from Portugal to Mexico were Uncoated Paper ($40.3M), Natural Cork Articles ($29.3M), and Acyclic Hydrocarbons ($25.9M). During the last 27 years the exports of Portugal to Mexico have increased at an annualized rate of 11%, from $24.4M in 1995 to $409M in 2022.

In 2022, Mexico exported $87.7M to Portugal. The main products exported from Mexico to Portugal were Titanium ($6.49M), Abrasive Powder ($6.15M), and Ethylene Polymers ($5.83M). During the last 27 years the exports of Mexico to Portugal have decreased at an annualized rate of 0.44%, from $98.8M in 1995 to $87.7M in 2022.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Mexico
Top DestinationUnited States$421B

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

In 2021, countries that imported more from Portugal than Mexico were Spain ($20.5B), France ($9.49B), and Italy ($3.61B).

In 2021, countries that imported more from Mexico than Portugal were United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Portugal - Mexico

Flow
Scale

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

During 2022, Portugal had a large net trade with Mexico in the exports of Machines ($103M), Plastics and Rubbers ($64.2M), and Chemical Products ($51.5M).

During 2022, Mexico had a large net trade with Portugal in the exports of Machines ($18.3M), Plastics and Rubbers ($12.9M), and Metals ($11.5M).

Service Trade

Bilateral Service Trade

In 2020, Portugal exported services to Mexico worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Mexico. Similarly, the more yellow a dot/product is, the more Mexico has comparative advantage over Portugal.

Product Space of Portugal (Flag) and Mexico (Flag) (2022)

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