Summary
- Portugal → Spain
- $17.7billion
- Spain → Portugal
- $37.1billion
- Portugal’s balance
- -$19.4billion
Balance
Portugal’s trade balance with Spain
Trade between Portugal and Spain grew 5.2-fold since 1995
USD billions (current). Portugal’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 17.7
- Imports 37.1
- Balance -19.4
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $3.4 billion | $7.2 billion | -$3.8 billion |
| 1996 | $3.7 billion | $7.9 billion | -$4.2 billion |
| 1997 | $3.5 billion | $8.5 billion | -$5 billion |
| 1998 | $3.9 billion | $9.4 billion | -$5.5 billion |
| 1999 | $4.4 billion | $10.5 billion | -$6.1 billion |
| 2000 | $4.6 billion | $10.6 billion | -$6 billion |
| 2001 | $4.6 billion | $11.2 billion | -$6.6 billion |
| 2002 | $5.4 billion | $11.8 billion | -$6.4 billion |
| 2003 | $7.2 billion | $14.4 billion | -$7.2 billion |
| 2004 | $8.8 billion | $17.2 billion | -$8.5 billion |
| 2005 | $9.9 billion | $19.8 billion | -$9.9 billion |
| 2006 | $11.4 billion | $21.8 billion | -$10.5 billion |
| 2007 | $13.5 billion | $25.8 billion | -$12.3 billion |
| 2008 | $14.6 billion | $28.9 billion | -$14.3 billion |
| 2009 | $10.7 billion | $23.6 billion | -$13 billion |
| 2010 | $12 billion | $24.9 billion | -$12.9 billion |
| 2011 | $13.3 billion | $26.6 billion | -$13.3 billion |
| 2012 | $12 billion | $23.1 billion | -$11.1 billion |
| 2013 | $13.7 billion | $24.5 billion | -$10.8 billion |
| 2014 | $14 billion | $25.7 billion | -$11.6 billion |
| 2015 | $12.7 billion | $22.2 billion | -$9.5 billion |
| 2016 | $12.9 billion | $22.7 billion | -$9.8 billion |
| 2017 | $13.4 billion | $25.4 billion | -$12 billion |
| 2018 | $14.9 billion | $30 billion | -$15 billion |
| 2019 | $13.4 billion | $27.2 billion | -$13.8 billion |
| 2020 | $13 billion | $25.2 billion | -$12.2 billion |
| 2021 | $16.7 billion | $32.2 billion | -$15.5 billion |
| 2022 | $17.7 billion | $36.8 billion | -$19.2 billion |
| 2023 | $17.7 billion | $38.1 billion | -$20.5 billion |
| 2024 | $17.7 billion | $37.1 billion | -$19.4 billion |
What they sell each other
What Portugal sells to Spain
The top 10 headings in 2024, with their share of the total.
What Spain sells to Portugal
The top 10 headings in 2024, with their share of the total.
How it travels
Portugal and Spain traded $54.8 billion in 2024 (both directions together). They trade mostly over land: 82% of the value travels by truck, rail or pipeline.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Spain was Portugal’s largest trading partner (28% of its trade), and Portugal was Spain’s 4th (7%).
- Spain in Portugal’s trade
- 27.5%
- Spain’s rank among Portugal’s partners
- 1st
- Portugal in Spain’s trade
- 6.6%
- Portugal’s rank among Spain’s partners
- 4th
Compare with
Other partners of Portugal
Other partners of Spain
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
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.