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Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Exporting to Portugal
Portugal Country Profile
Official Name (Local Language) Republica Portuguesa
Capital Lisbon
Population 10,833,816
Currency Euro
GDP $205.9 billion
Languages Portuguese; Mirandese
Phone Dial In 351
Portugal Imports Profile
Imports ($m USD) 77,834
Number of Import Products 4,463
Number of Import Partners 184
Portugal Economic Statistics
Government Website | https://www.portugal.gov.pt/ |
| Sovereign Ratings | https://countryeconomy.com/ratings/portugal |
| Central Bank | Banco de Portugal |
| Currency USD Exchange Rate | 0.9214 |
| Unemployment Rate | 10.2% |
| Population below poverty line | 19% |
| Inflation Rate | 0.8% |
| Prime Lending Rate | 0% |
| GDP | $205.9 billion |
| GDP Pro Capita (PPP) | $28,500 |
| Currency Name | Euro |
| Currency Code | EUR |
| World Bank Classification | High Income |
| Competitive Industrial Performance | 46/138 |
| Corruption Perceptions Index | 29/180 |
| Ease of Doing Business | 34/190 |
| Enabling Trade Index | 28/136 |
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Portugal caters a lot of import commodities coming from the nation members of the European Union (EU). Some of the top import origins are Spain (around $20 billion), Germany ($8 billion), France (at around $5 billion), Italy ($4 billion) and China (at $3.6 billion).
Portugal’s major imports include crude petroleum ($8.6 billion), vehicle parts ($3.7 billion), cats ($2.5 billion), petroleum gas at $2.3 billion and packaged medicaments ($2.2 billion).
Exporting to Portugal: What is trade finance?
As reported by the Statistics Portugal, Portugal’s exports went as high as around €4,700 million in July 2015 and dipped to as low as only €1.69 million in January 1950. While exports decreased by about 3% year-to-year, sales in November grew at about 5%. Shipments of Portuguese items also went down by around 0.2%, but fortunately in 2015, Portuguese exports obtained growth of 3.6%.
Portugal is considered as one of the largest suppliers of tungsten, wine such as Madeira Wine and Port Wine) and cork. A variety of major exports could also be included such as hides, paper products, and machinery and clothing commodities. Portugal considers Spain, Italy, France and Germany to be its primary export trading partners.
Chart Showing GDP Growth Compared to rest of world
GDP Composition for Portugal
Agriculture
2.4%
Grain, potatoes, tomatoes, olives, grapes; sheep, cattle, goats, pigs, poultry, dairy products; fish
Industry
21.9%
Textiles, clothing, footwear, wood and cork, paper and pulp, chemicals, fuels and lubricants, automobiles and auto parts, base metals, minerals, porcelain and ceramics, glassware, technology, telecommunications; dairy products, wine, other foodstuffs
Services
75.9%
Travel Transportation Other business services Computer and information services Communications services Construction services Financial services Cultural and recreational services Government services Insurance services Royalties and license fees
Map
Top 5 Import Partners
| Country | Trade | % Partner Share |
| Spain | 24,896 | 31.99 |
| Germany | 10,681 | 13.72 |
| France | 5,752 | 7.39 |
| Italy | 4,255 | 5.47 |
| Netherlands | 4,165 | 5.35 |
Top 5 Import Products
| Export Product | Number |
| Petroleum oils and oils obtained from bituminou | 7.1% |
| Automobiles with diesel engine displacing more | 6.4% |
| Other medicaments of mixed or unmixed products, | 3.5% |
| Motor vehicle parts nes | 2.7% |
| Automobiles with diesel engine displacing not m | 1.9% |
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