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2022
Flag → Flag
Exports $409MRnk 28 / 208
2022
Flag → Flag
Top Product $40.3MUncoated Paper
2022
Flag → Flag
Exports $87.7MRnk 71 / 156
2022
Flag → Flag
Top Product $6.49MTitanium
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Portugal-Mexico Trade: In 2022, Portugal exported $409M to Mexico. The main products that Portugal exported to Mexico were Uncoated Paper ($40.3M), Natural Cork Articles ($29.3M), and Acyclic Hydrocarbons ($25.9M). Over the past 5 years the exports of Portugal to Mexico have decreased at an annualized rate of 0.76%, from $425M in 2017 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 Trade: 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). Over the past 5 years the exports of Mexico to Portugal have decreased at an annualized rate of 11.1%,  from $158M in 2017 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

August, 2024

About

Overview In August 2024, Portugal exported €26.7M and imported €6.04M from Mexico, resulting in a positive trade balance of €20.6M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-2.37M (-8.17%) from €29.1M to €26.7M, while imports decreased by €-395k (-6.14%) from €6.43M to €6.04M.

Trade In August 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 August 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 August 2024, the decrease in Portugal's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Organic chemicals (€-3.25M or -98.5%), Cars, tractors, trucks & parts thereof. (€-1.74M or -93.6%), and Electrical machinery and electronics (€-1.71M or -58.4%). In August 2024, the decrease in Portugal's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Fish, crustaceans, & molluscs (€-2.1M or -97.8%), Machinery, mechanical appliances, & parts (€-923k or -81.5%), and Organic chemicals (€-540k or -86.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-2.37M(-8.17%)
IMPORT GROWTH (August 2023 - August 2024)€-395k(-6.14%)

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.

Explore Mexico and Portugal Data

Go to Bulk Download

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 5 years the exports of Portugal to Mexico have decreased at an annualized rate of 0.76%, from $425M in 2017 to $409M in 2022.

In 2017, 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 5 years the exports of Mexico to Portugal have decreased at an annualized rate of 11.1%, from $158M in 2022 to $87.7M in 2017.

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 2022, countries that imported more from Portugal than Mexico included Spain ($20.5B), France ($9.49B), and Italy ($3.61B).

In 2022, countries that imported more from Mexico than Portugal included 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 2017, Mexico had a large net trade with Portugal in the exports of Machines ($18.3M), Plastics and Rubbers ($12.9M), and Metals ($11.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Mexico+$19.8MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Mexico Portugal+$5.42MIntegrated Circuits

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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Economic Complexity

Competitive Landscape

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

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

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