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How dependent is Portugal on Spain?

In 2024, Spain sold $37.1 billion to Portugal, 32.5% of its imports, ranking 1st among its suppliers. Its share was 29.8% in 2019 and 20.9% in 1995. In 287 products it sells more than 50% of what Portugal buys of them (in 98, more than 75%); what Portugal buys from Spain in those products (dominated value) adds up to $16.1 billion, 14.2% of its imports.

Summary

Share of its imports
32.5%
Value imported
$37.1billion
Rank among its suppliers
1st
Products where it sells over 50%
287
Products where it sells over 75%
98
Dominated value
$16.1billion
Share of total imports
14.2%

Trend

Trend in shares

Spain went from 20.9% to 32.5% of what Portugal buys

Share (%)

  • Spain 32.5%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19957,21320.9%1
19967,93822.6%1
19978,51123.5%1
19989,42324.3%1
199910,49225.2%1
200010,57425.4%1
200111,17927%1
200211,77528.3%1
200314,43329.7%1
200417,22929.1%1
200519,75929.7%1
200621,81930.1%1
200725,75230.4%1
200828,93830.1%1
200923,60731.6%1
201024,91330.9%1
201126,62831.2%1
201223,07430.8%1
201324,50431.4%1
201425,69131.7%1
201522,23432.4%1
201622,70231.6%1
201725,35331.1%1
201829,96631%1
201927,23529.8%1
202025,17431.8%1
202132,17832.2%1
202236,83531.6%1
202338,13333.3%1
202437,07532.5%1

Products where Spain sells more than half

ProductSupplierShareSecondValue
ElectricitySpain100%over 75%—$1.1 billion
Olive oilSpain88.3%over 75%Tunisia · 4.6%$559 million
Bread, biscuits and pastriesSpain65.2%Germany · 9.7%$454 million
Fresh beefSpain53.6%Netherlands · 19.2%$435 million
PorkSpain94.3%over 75%Netherlands · 1.7%$380 million
Cables and wireSpain52.5%Germany · 8.6%$353 million
Unwrought aluminumSpain63.4%Norway · 19.8%$342 million
Copper wireSpain61.5%Belgium · 14.4%$308 million
Women's suits and dressesSpain59.4%China · 6.7%$288 million
Pet and animal feedSpain61.3%France · 13.3%$282 million
Detergents and surfactantsSpain54.9%Netherlands · 9.5%$246 million
Toilet paper and tissuesSpain74.3%Germany · 6.8%$237 million
Steel barsSpain94%over 75%France · 1.8%$236 million
Plastic packagingSpain56.1%Germany · 10.5%$232 million
Sweaters and pulloversSpain56.9%Italy · 7.1%$230 million
Makeup and skin careSpain55.2%France · 17.5%$220 million
Uncoated paperSpain83.2%over 75%France · 4.1%$217 million
Prepared shellfishSpain64.6%Mauritania · 6.5%$207 million
Poultry meatSpain65.9%Netherlands · 11.1%$195 million
Steel structuresSpain51.1%China · 11.3%$192 million
Live pigsSpain98.3%over 75%Belgium · 1.1%$191 million
Soft drinksSpain80.8%over 75%Germany · 4.6%$186 million
Yogurt and fermented milkSpain73.5%Germany · 12.6%$181 million
PerfumesSpain67.2%France · 14.7%$177 million
Aluminum bars and profilesSpain75.8%over 75%Germany · 6.2%$175 million
Prepared fish and caviarSpain51.8%China · 18.5%$161 million
LogsSpain57.9%Brazil · 24.6%$156 million
MotorcyclesSpain59.1%China · 9.4%$149 million
Pesticides and herbicidesSpain55.8%Germany · 9.6%$148 million
Natural cork, rawSpain85.4%over 75%Italy · 6.8%$143 million

and 257 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from Spain

Portugal is Spain’s 3rd-largest customer, with 9.4% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.