Importing from Portugal

Portugal Import Guide | Trade Finance Global

Importing from Portugal

As reported by 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.s 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.

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 Exports Profile

Exports ($m USD)

62,17

Number of Export Products

4,217

Number of Export Partners

211

Top 5 export partners

Country

Trade

% Partner Share

Spain

15,67

25.21

France

7,777

12.51

Germany

7,041

11.33

United Kingdom

4,117

6.62

United States

3,213

5.17

Top 5 Export Products at HS 6 digit level

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%

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 Computer and information services Communications services Construction services Financial services Cultural and recreational services Government services Insurance services Royalties and license fees

Importing from Portugal: What is trade finance?

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).

Information

Importing from Portugal? Contact our local experts

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

9214

Unemployment Rate

10.2%

Population below poverty line

0,19

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

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