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Pricing

2022
Flag → Flag
Exports $4.25BRnk 5 / 208
2022
Flag → Flag
Top Product $524MCars
2022
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Exports $1.5BRnk 40 / 224
2022
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Top Product $154MCars
2022
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Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
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Economic Complexity (ECI) ECI 1.38Rnk 12 / 124
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$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Portugal-United Kingdom In 2022, Portugal exported $4.25B to United Kingdom. The main products that Portugal exported to United Kingdom are Cars ($524M), Refined Petroleum ($221M), and Uncoated Paper ($158M). During the last 27 years the exports of Portugal to United Kingdom have increased at an annualized rate of 1.68%, from $2.71B in 1995 to $4.25B in 2022.

In 2020, Portugal exported services to United Kingdom worth $2.93B, with Travel ($1.37B), Transportation ($836M), and Other business services ($600M) being the largest in terms of value.

United Kingdom-Portugal In 2022, United Kingdom exported $1.5B to Portugal. The main products that United Kingdom exported to Portugal were Cars ($154M), Gas Turbines ($110M), and Petroleum Gas ($98M). During the last 27 years the exports of United Kingdom to Portugal have decreased at an annualized rate of 1.63%, from $2.33B in 1995 to $1.5B in 2022.

In 2019, United Kingdom exported services to Portugal worth $1.37B, with Transportation ($693M), Travel ($315M), and Financial services ($186M) being the largest in terms of value.

Comparison In 2022,  Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €305M and imported €85.9M from United Kingdom, resulting in a positive trade balance of €219M. Between January 2023 and January 2024 the exports of Portugal have increased by €28.3M (10.2%) from €276M to €305M, while imports decreased by €-18M (-17.3%) from €104M to €85.9M.

Trade In January 2024, the top exports of Portugal to United Kingdom were Cars, tractors, trucks & parts thereof. (€30.5M), Electrical machinery and electronics (€24.6M), Iron & steel (€20.3M), Paper articles (€18.4M), and Machinery, mechanical appliances, & parts (€16.5M). In January 2024 the top imports of Portugal from United Kingdom were Iron & steel (€20M), Cars, tractors, trucks & parts thereof. (€14.2M), Cereals (€11.5M), Machinery, mechanical appliances, & parts (€10.3M), and Lead articles (€4.98M).

Growth In January 2024, the increase in Portugal's year-by-year exports to United Kingdom was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€13.7M or 81.4%), Paper articles (€6M or 48.4%), and Electrical machinery and electronics (€4.87M or 24.7%). In January 2024, the decrease in Portugal's year-by-year imports  from United Kingdom was explained primarily by an decrease in product imports  in Art & antiques (€-5.48M or -92.5%), Beverages, spirits, & vinegar (€-2.06M or -66%), and Mineral fuels, mineral oils and products... (€-1.63M or -58.3%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€28.3M(10.2%)
IMPORT GROWTH (January 2023 - January 2024)€-18M(-17.3%)

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 United Kingdom and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $4.25B to United Kingdom. The main products exported from Portugal to United Kingdom were Cars ($524M), Refined Petroleum ($221M), and Uncoated Paper ($158M). During the last 27 years the exports of Portugal to United Kingdom have increased at an annualized rate of 1.68%, from $2.71B in 1995 to $4.25B in 2022.

In 2022, United Kingdom exported $1.5B to Portugal. The main products exported from United Kingdom to Portugal were Cars ($154M), Gas Turbines ($110M), and Petroleum Gas ($98M). During the last 27 years the exports of United Kingdom to Portugal have decreased at an annualized rate of 1.63%, from $2.33B in 1995 to $1.5B in 2022.

Exports from Portugal (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2021, countries that imported more from Portugal than United Kingdom were Spain ($20.5B), Angola ($1.59B), and Cape Verde ($407M).

In 2021, countries that imported more from United Kingdom than Portugal were United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

Difference in imports from United Kingdom (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - United Kingdom

Flow
Scale

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

During 2022, Portugal had a large net trade with United Kingdom in the exports of Transportation ($752M), Machines ($561M), and Textiles ($463M).

During 2022, United Kingdom had a large net trade with Portugal in the exports of Machines ($291M), Metals ($247M), and Transportation ($224M).

Service Trade

Bilateral Service Trade

In 2020, Portugal exported services to United Kingdom worth $2.93B, with Travel ($1.37B), Transportation ($836M), and Other business services ($600M) being the largest in terms of value.

In 2019, United Kingdom exported services to Portugal worth $1.37B, with Transportation ($693M), Travel ($315M), and Financial services ($186M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Portugal (Flag) (2019)

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 United Kingdom. Similarly, the more yellow a dot/product is, the more United Kingdom has comparative advantage over Portugal.

Product Space of Portugal (Flag) and United Kingdom (Flag) (2022)

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