Exporting to Portugal

Portugal Export Guide | Trade Finance Global

Exporting to Portugal

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).

Portugal Country Profile

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

Portugal Imports Profile

Imports ($m USD)

77,834

Number of Import Products

4,463

Number of Import Partners

184

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 at HS 6 digit level

Exports 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%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Portugal

Agriculture

%

Product List

2.4%

Grain, potatoes, tomatoes, olives, grapes; sheep, cattle, goats, pigs, poultry, dairy products; fish

Industry

%

Industry List

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

%

Services List

75.9%

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

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.

Information

Portugal-Map

Exporting from Portugal? Contact our local experts

Portugal-Flag

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

Currency In Portugal

About the Author

Brian Canup is the Editorial & Research Assistant at Trade Finance Global (TFG).

Brian holds a BA in Political Science from the University of Wisconsin-Madison and an MA in International Political Economy from King’s College London.

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