Portugal

ECON COMPLEXITY (2018)

0.46

RANK 48 OF 137

PRODUCT EXPORTS (2018)

$72B

RANK 44 OF 222

EXPORTS PER CAPITA (2018)

$7K

RANK 136 OF 219

PRODUCT IMPORTS (2018)

$89.9B

RANK 39 OF 221

IMPORTS PER CAPITA (2018)

$8.74K

RANK 137 of 219

SERVICE EXPORTS (2017)

$32.8B

RANK 29 OF 139

SERVICE IMPORTS (2017)

$15.6B

RANK 42 OF 139

GDP (2018)

$241B

CURRENT US$
RANK 46 OF 196

GDP GROWTH (2008-2018)

-8.26%

CURRENT US$
RANK 183 OF 196

GDP PC (2018)

$23,408

CURRENT US$
RANK 41 OF 196

GDP PC GROWTH (2008-2018)

-5.79%

Overview: In 2018 Portugal was the number 46 economy in the world in terms of GDP (current US$), the number 44 in total exports, the number 39 in total imports, and the number 48 most complex economy according to the Economic Complexity Index (ECI). In 2018, Portugal exported $72B and imported $89.9B, resulting in a negative trade balance of -$17.9B. In 2018, Portugal’s exports per capita were $7k and its imports per capita were $8.74k.

Trade: The top exports of Portugal are Cars ($4.33B), Vehicle Parts($3.56B), Refined Petroleum ($2.87B), Leather Footwear ($2.16B), and Uncoated Paper ($1.44B). The top imports of Portugal are Crude Petroleum ($5.75B), Cars ($5.47B), Vehicle Parts ($2.92B), Packaged Medicaments ($2.3B), and Petroleum Gas ($1.85B).

Destinations: Portugal exports mostly to Spain ($16.8B), France($9.07B), Germany ($8.44B), United Kingdom ($4.79B), and United States ($3.76B), and imports mostly from Spain ($27.2B), Germany($11.9B), France ($6.63B), Italy ($5.01B), and Netherlands ($4.58B).

Location: Portugal borders Spain by land and Morocco by sea.

Exports

In 2018 Portugal exported a total of $72B, making it the number 44 exporter in the world. During the last five reported years the exports of Portugal have changed by $9.92B from $62.1B in 2013 to $72B in 2018.

The most recent exports are led by Cars ($4.33B), Vehicle Parts ($3.56B), Refined Petroleum ($2.87B), Leather Footwear ($2.16B), and Uncoated Paper ($1.44B).

Imports

In 2018 Portugal imported $89.9B, making it the number 39 trade destination in the world. During the last five reported years the imports of Portugal changed by $12.9B from $77B in 2013 to $89.9B in 2018.

The most recent imports of Portugal are led by Crude Petroleum ($5.75B), Cars ($5.47B), Vehicle Parts ($2.92B), Packaged Medicaments ($2.3B), and Petroleum Gas ($1.85B).

Trade Balance

As of 2018 Portugal had a negative trade balance of $19B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $10.6B in net imports.

Destinations

The most common destination for the exports of Portugal are Spain ($16.8B), France ($9.07B), Germany ($8.44B), United Kingdom ($4.79B), and United States ($3.76B).

Origins

The most common import partners for Portugal are Spain ($27.2B), Germany ($11.9B), France ($6.63B), Italy ($5.01B), and Netherlands ($4.58B).