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Trade between Italy and Portugal

In 2024, Italy exported $5.8 billion to Portugal and imported $3.9 billion. Italy ran a surplus of $1.9 billion with Portugal, compared with a surplus of $2.1 billion in 2019. Portugal was Italy’s 29th largest trading partner (0.8% of its trade), and Italy was Portugal’s 4th (5%).

Summary

Italy → Portugal
$5.8billion
Portugal → Italy
$3.9billion
Italy’s balance
$1.9billion

Balance

Italy’s trade balance with Portugal

Trade between Italy and Portugal grew 2.5-fold since 1995

USD billions (current). Italy’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 5.8
  • Imports 3.9
  • Balance +1.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$3.1 billion$857 million$2.2 billion
1996$2.9 billion$1 billion$1.9 billion
1997$2.8 billion$988 million$1.9 billion
1998$3 billion$996 million$2 billion
1999$3.2 billion$1 billion$2.1 billion
2000$3 billion$1 billion$1.9 billion
2001$2.8 billion$1.2 billion$1.6 billion
2002$2.8 billion$1.3 billion$1.5 billion
2003$3.1 billion$1.5 billion$1.6 billion
2004$3.6 billion$1.7 billion$1.9 billion
2005$3.8 billion$1.7 billion$2.1 billion
2006$4.2 billion$2 billion$2.3 billion
2007$4.5 billion$2.1 billion$2.4 billion
2008$5.1 billion$2.1 billion$3 billion
2009$5.2 billion$1.5 billion$3.7 billion
2010$4.5 billion$1.8 billion$2.6 billion
2011$4.5 billion$2.3 billion$2.2 billion
2012$3.8 billion$2.1 billion$1.7 billion
2013$3.9 billion$2 billion$1.9 billion
2014$4.1 billion$2 billion$2.1 billion
2015$3.7 billion$1.7 billion$2 billion
2016$3.8 billion$1.8 billion$2 billion
2017$4.3 billion$2.1 billion$2.2 billion
2018$5.1 billion$2.4 billion$2.6 billion
2019$4.6 billion$2.5 billion$2.1 billion
2020$4.1 billion$2.5 billion$1.5 billion
2021$5.1 billion$3.1 billion$2 billion
2022$5.6 billion$3.6 billion$2.1 billion
2023$5.7 billion$3.8 billion$1.8 billion
2024$5.8 billion$3.9 billion$1.9 billion

What they sell each other

What Italy sells to Portugal

The top 10 headings in 2024, with their share of the total.

  1. Cameras and broadcast equipment$174 million · 3%
    66 tonnes
  2. Medicines in measured doses or retail packs$148 million · 2.6%
    2 thousand tonnes · Italy’s destinations
  3. Other processed tobacco$138 million · 2.4%
    2 thousand tonnes
  4. Auto parts$129 million · 2.2%
    14 thousand tonnes · Italy’s destinations
  5. Trucks$128 million · 2.2%
    12 thousand tonnes · Italy’s destinations
  6. Tanned cattle hides$95 million · 1.6%
    5 thousand tonnes
  7. Refined petroleum$90 million · 1.6%
    130 thousand tonnes · Italy’s destinations
  8. Cars$83 million · 1.4%
    4 thousand tonnes · Italy’s destinations
  9. Dishwashers and packing machines$73 million · 1.3%
    2 thousand tonnes
  10. Nucleic acids and other heterocycles$66 million · 1.1%
    30 tonnes

What Portugal sells to Italy

The top 10 headings in 2024, with their share of the total.

  1. Cars$689 million · 17.7%
    35 thousand tonnes · Portugal’s destinations
  2. Cigarettes and cigars$365 million · 9.4%
    12 thousand tonnes · Italy’s sources
  3. Olive oil$265 million · 6.8%
    35 thousand tonnes · Portugal’s destinations
  4. Trucks$180 million · 4.6%
    20 thousand tonnes · Italy’s sources
  5. Gold$147 million · 3.8%
    2 tonnes · Italy’s sources
  6. Writing and printing paper$87 million · 2.2%
    88 thousand tonnes
  7. T-shirts$81 million · 2.1%
    934 tonnes
  8. Agglomerated cork$76 million · 2%
    8 thousand tonnes
  9. Plastic sheets and film$76 million · 2%
    33 thousand tonnes
  10. Cables and wire$66 million · 1.7%
    9 thousand tonnes · Italy’s sources

How it travels

Estimated sea route from Genoa to Sines.

The estimated sea route between Genoa and Sines is 1,158 nautical miles (2,144 km) long: ≈ 2.5–3.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Gibraltar.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$7.4 billion · 76.8%
  2. Air$2.2 billion · 23.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Portugal was Italy’s 29th largest trading partner (0.8% of its trade), and Italy was Portugal’s 4th (5%).

Portugal in Italy’s trade
0.8%
Portugal’s rank among Italy’s partners
29th
Italy in Portugal’s trade
4.9%
Italy’s rank among Portugal’s partners
4th

Compare with

Other partners of Italy

Other partners of Portugal

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.