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2023
Flag → Flag
Exports $484MRnk 27 / 211
2023
Flag → Flag
Top Product $27.1MUncoated Paper
2023
Flag → Flag
Exports $114MRnk 68 / 158
2023
Flag → Flag
Top Product $12.3MRaw Lead
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

Portugal-Mexico Trade: In 2023, Portugal exported $484M to Mexico. The main products that Portugal exported to Mexico were Uncoated Paper ($27.1M), Metal Molds ($26.3M), and Low-voltage Protection Equipment ($17.8M). Over the past 5 years the exports of Portugal to Mexico have decreased at an annualized rate of 3.81%, from $587M in 2018 to $484M in 2023.

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 2023, Mexico exported $114M to Portugal. The main products that Mexico exported to Portugal were Raw Lead ($12.3M), Polycarboxylic Acids ($9.83M), and Ethylene Polymers ($8.92M). Over the past 5 years the exports of Mexico to Portugal have decreased at an annualized rate of 5.23%,  from $195M in 2018 to $114M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €37.5M and imported €6.65M from Mexico, resulting in a positive trade balance of €30.8M. Between November 2023 and November 2024 the exports of Portugal have increased by €5.32M (16.6%) from €32.1M to €37.5M, while imports decreased by €-1.3M (-16.3%) from €7.95M to €6.65M.

Trade In November 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 November 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 November 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 November 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 (November 2023 - November 2024)€5.32M(16.6%)
IMPORT GROWTH (November 2023 - November 2024)€-1.3M(-16.3%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $484M to Mexico. The main products exported from Portugal to Mexico were Uncoated Paper ($27.1M), Metal Molds ($26.3M), and Low-voltage Protection Equipment ($17.8M). During the last 5 years the exports of Portugal to Mexico have decreased at an annualized rate of 3.81%, from $587M in 2018 to $484M in 2023.

In 2018, Mexico exported $114M to Portugal. The main products exported from Mexico to Portugal were Raw Lead ($12.3M), Polycarboxylic Acids ($9.83M), and Ethylene Polymers ($8.92M). During the last 5 years the exports of Mexico to Portugal have decreased at an annualized rate of 5.23%, from $195M in 2023 to $114M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Mexico
Top DestinationUnited States$456B

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 2023, countries that imported more from Portugal than Mexico included Spain ($17.7B), France ($9.19B), and Italy ($3.83B).

In 2023, countries that imported more from Mexico than Portugal included United States ($456B), Canada ($33B), and China ($15B).

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

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 2023, Portugal had a large net trade with Mexico in the exports of Machines ($153M), Textiles ($75.5M), and Plastics and Rubbers ($65.2M).

During 2018, Mexico had a large net trade with Portugal in the exports of Machines ($22.3M), Metals ($22.2M), and Plastics and Rubbers ($13.7M).

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) (2023)

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