2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%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 GROWTH
18%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 12.5%,  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).

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 12.5%, 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 Destination
Spain$20.5B
Greece
Top Destination
Italy$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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