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2022
Flag → Flag
Exports $248MRnk 38 / 208
2022
Flag → Flag
Top Product $27.6MCars
2022
Flag → Flag
Exports $321MRnk 39 / 208
2022
Flag → Flag
Top Product $82.6MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 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$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Portugal-Greece Trade: In 2022, Portugal exported $248M to Greece. The main products that Portugal exported to Greece were Cars ($27.6M), Uncoated Paper ($18.6M), and Polycarboxylic Acids ($9.57M). Over the past 5 years the exports of Portugal to Greece have increased at an annualized rate of 7.01%, from $177M in 2017 to $248M in 2022.

In 2020, Portugal exported services to Greece worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Greece-Portugal Trade: In 2022, Greece exported $321M to Portugal. The main products that Greece exported to Portugal were Refined Petroleum ($82.6M), Propylene Polymers ($33.7M), and Computers ($23.3M). Over the past 5 years the exports of Greece to Portugal have increased at an annualized rate of 8.78%,  from $178M in 2017 to $321M in 2022.

In 2020, Greece exported services to Portugal worth $48.3M, with Transportation ($28.4M), Travel ($7.77M), and Other business services ($7.31M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €19.8M and imported €14.2M from Greece, resulting in a positive trade balance of €5.67M. Between June 2023 and June 2024 the exports of Portugal have decreased by €-1.74M (-8.06%) from €21.6M to €19.8M, while imports decreased by €-3.74M (-20.9%) from €17.9M to €14.2M.

Trade In June 2024, the top exports of Portugal to Greece were Paper articles (€2.22M), Plastics & articles thereof (€2.18M), Electrical machinery and electronics (€1.47M), Tobacco & substitutes (€1.26M), and Cars, tractors, trucks & parts thereof. (€1.1M). In June 2024 the top imports of Portugal from Greece were Tobacco & substitutes (€2.48M), Plastics & articles thereof (€2.42M), Fish, crustaceans, & molluscs (€1.88M), Machinery, mechanical appliances, & parts (€865k), and Animal or vegetable fats, oils, &... (€693k).

Growth In June 2024, the decrease in Portugal's year-by-year exports to Greece was explained primarily by an decrease in product exports in Iron or steel articles (€-2.78M or -89.5%), Electrical machinery and electronics (€-2.44M or -62.5%), and Cars, tractors, trucks & parts thereof. (€-476k or -30.3%). In June 2024, the decrease in Portugal's year-by-year imports  from Greece was explained primarily by an decrease in product imports  in Machinery, mechanical appliances, & parts (€-4.21M or -83%), Plastics & articles thereof (€-914k or -27.4%), and Chemical products n.e.s. (€-387k or -79.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€-1.74M(-8.06%)
IMPORT GROWTH (June 2023 - June 2024)€-3.74M(-20.9%)

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 Greece and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $248M to Greece. The main products exported from Portugal to Greece were Cars ($27.6M), Uncoated Paper ($18.6M), and Polycarboxylic Acids ($9.57M). During the last 5 years the exports of Portugal to Greece have increased at an annualized rate of 7.01%, from $177M in 2017 to $248M in 2022.

In 2017, Greece exported $321M to Portugal. The main products exported from Greece to Portugal were Refined Petroleum ($82.6M), Propylene Polymers ($33.7M), and Computers ($23.3M). During the last 5 years the exports of Greece to Portugal have increased at an annualized rate of 8.78%, from $178M in 2022 to $321M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Portugal than Greece included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Greece than Portugal included Bulgaria ($3.62B), Cyprus ($2.92B), and Italy ($5.82B).

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

Comparative Advantage Portugal - Greece

Flow
Scale

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

During 2022, Portugal had a large net trade with Greece in the exports of Transportation ($38.9M), Foodstuffs ($33.5M), and Paper Goods ($29.7M).

During 2017, Greece had a large net trade with Portugal in the exports of Mineral Products ($84.7M), Plastics and Rubbers ($47.2M), and Machines ($45.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Greece+$10.1MCars
Top Product Potential Greece Portugal+$40.5MRefined Petroleum

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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Bilateral Service Trade

In 2020, Portugal exported services to Greece worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

In 2020, Greece exported services to Portugal worth $48.3M, with Transportation ($28.4M), Travel ($7.77M), and Other business services ($7.31M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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