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

About

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.

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.

Comparison: In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $87.7M in 2022.

In 2017, 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 2022 to $409M in 2017.

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

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

Latest Data

Trade between Mexico (Flag) and Portugal (Flag)

Mexico Exports

Portugal Exports

Market Competitiveness

Color
Mexico
Top DestinationUnited States$421B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Mexico than Portugal included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

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

Comparative Advantage Mexico - Portugal

Flow
Scale

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

During 2022, Mexico had a large net trade with Portugal in the exports of Machines ($18.3M), Plastics and Rubbers ($12.9M), and Metals ($11.5M).

During 2017, Portugal had a large net trade with Mexico in the exports of Machines ($103M), Plastics and Rubbers ($64.2M), and Chemical Products ($51.5M).

Potential Exports

Potential Exports

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

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 Mexico worth $9.14M, with Travel ($9.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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