Portugal caters a lot of import commodities coming from the nation members of the European Union (EU) such as the United Kingdom, for instance. 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 would 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).
|Official Name (Local Language)||Republica Portuguesa||Capital||Lisbon||Population||10,833,816||Currency||Euro||GDP||$205.9 billion||Languages||Portuguese; Mirandese||Telephone Dial In||351|
% Partner Share
Petroleum oils and oils obtained from bituminou
Automobiles with diesel engine displacing more
Other medicaments of mixed or unmixed products,
Motor vehicle parts nes
Automobiles with diesel engine displacing not m
Grain, potatoes, tomatoes, olives, grapes; sheep, cattle, goats, pigs, poultry, dairy products; fish
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;
Travel Transportation Other business services Royalties and license fees Communications services Computer and information services Insurance services Cultural and recreational services Financial services Government services Construction services Source: Comtrade, Latest Available Data
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 on 2015, Portuguese exports obtained growth of 3.6%.
Portugal is considered as one of the largest suppliers of tungsten, wine such as Medeira 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.
Banco de Portugal