Portugal’s largest exports are cars, motor vehicle parts, and clothing goods. Additionally, Portugal is the world’s largest exporter of corks (more than €1 billion annually). The primary export partners of Portugal are Spain, Italy, France and Germany. Portugal is the 43th largest exporter in the world and the 47th largest economy in the world.
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 |
62,170
4,217
211
Country
Trade
% Partner Share
Spain
15,670
25.21
France
7,777
12.51
Germany
7,041
11.33
United Kingdom
4,117
6.62
United States
3,213
5.17
Export Product
Number
Petroleum oils, etc, (excl. crude); preparation
6.1%
Paper... (excl. mechanical fibres), weighing >=
5.0%
Automobiles with diesel engine displacing more
3.9%
Motor vehicle parts nes
3.1%
New pneumatic tyres, of rubber of a kind used o
2.2%
%
Product List
2.4%
Grain, potatoes, tomatoes, olives, grapes; sheep, cattle, goats, pigs, poultry, dairy products; fish
%
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 List
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
Trade finance is a revolving facility in which lenders offer financing options – it enables businesses to purchase products and can help ease the pressure from working capital issues.
Generally, an export finance bank will fund up to 100% of the cost of the products, including charges (e.g. insurance costs).
Trade finance offers upsides over more traditional bank financing, for example bridging mortgages or loans. Trade finance provides quick funding without affecting existing bank relationships.
How does it work?
If you’re a business importing or exporting goods around the world, then a trade finance facility would assist your company through offering a letter of credit (LC) or some form of cash advance.
I’m looking to import from Portugal, how can Trade Finance Global help, and how does it work?
If you’re looking to import inventory from other countries, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender will act as the intermediary, paying the foreign exporter on your behalf until you get the products and have then sold them to your buyer. Repaying the financier then occurs over an agreed period of time.
Information
Importing from Portugal? Contact our local experts
Portugal Economic Statistics
https://www.portugal.gov.pt/
https://countryeconomy.com/ratings/portugal
Banco de Portugal
0.9214
10.2%
19%
0.8%
0%
$205.9 billion
$28,500
Euro
EUR
High Income
46/138
29/180
34/190
28/136
Currency in Portugal