Portugal is a member of the United Nations and is recognized as one of the wealthiest nations in the world. Due to this, it has established a good network of routes of seaways via which goods and products are imported and exported to various parts of the world in bulk quantities. Portuguese’s rich culture and heritage have attracted many investors to set up new industries in the area. The availability of raw materials and skilled labor makes this place unique for manufacturing industries to set up new units. Due to the immense growth and development, overseas and international trade has flourished in Portugal in recent years.
The Portugal’s revenue of product exports and imports in 2019 was $67,064,074,000 and $89,541,378,000 (approx) respectively. The GDP stood at 222 billion USD nominal value in the year 2020. The profits earned from revenue of service exports and imports in 2017 were 32.8 billion USD and 15.6 billion USD. All these have led to the massive growth of profits in recent years in Portugal and has also helped to connect with the international industries. This has helped Portugal to establish friendly relations with foreign countries and has promoted overseas trade.
Portugal’s Top 10 Export Countries 2021
Portugal exports its finished goods and products to various countries all over the world. France is listed on the top with a value worth 48 Billion USD with 15.4 percent of the total country export.
Next Germany holds the second position with a value of 33 billion USD and accounts for 7.5 percent of the total Portugal export.
Italy and other European countries are also included in the export list. United Kingdom ranks 6th with a total export value of 14.2 billion USD.
They are followed by the USA that accounts for 4.47 percent of the total export. Other countries like the Netherlands, China, and Morocco are also included in Portugal’s top export countries. Morocco and China have an export value of 8.43 billion and 9.33 billion USD dollars respectively.
List of Portugal’s Top Export Countries
|Sl. No.||Export Countries||Percentage||Value (USD)|
|5||Other Europe||6%||18.7 billion|
|6||United Kingdom||4.56%||14.2 billion|
Portugal’s Top Export Goods 2021
Portugal exports different types of goods starting from motor vehicles to Nuclear reactors.
Motor parts and peripherals are exported in high numbers with a value of 48 billion USD and account for 15.4 percent of the total export goods.
Next Electrical machinery holds the second position with a value of 16.9 billion USD.
Oil and commodities are also included in the list that accounts for 3.98 percent and 6.28 percent of the total export goods.
Plastics, Pharma products, and edible fruits are also exported in bulk quantities to foreign countries. Meat and edible meat offal account for 3.09 percent of the total export goods with a value of 9.64 billion USD. Nuclear reactors and boilers are also included in the top ten of Portugal’s export goods with a value worth 21 billion and account for 6.98 percent of the total export.
|Sl. No.||Export Product||Percentage||Value (USD)|
|1||Motor Vehicles & Parts||15.4%||48 billion|
|2||Electrical Machinery||5.43%||16.9 billion|
|3||Oil & Mineral Fuels||3.98%||12.4 billion|
|7||Edible fruit and nuts||3.5%||10.9 billion|
|8||Meat and edible meat offal||3.09%||9.64 billion|
|9||Edible vegetables||2.52%||7.87 billion|
|10||Nuclear reactors, boilers, machinery||6.98%||21 billion|
Here is Portugal’s Top Exports goods list that is explained with the help of infographic. Feel free to share it on social media sites:
Portugal’s Top 10 Import Countries 2021
Portugal’s top import countries include many foreign countries that have established a well-maintained network over the last few years. Germany holds the top position with a total value of 39 billion USD and 11.8 percent of the total import. Next, China and France hold the following positions after Germany, with a value of 33 billion and 32 billion USD, respectively. Italy and other European countries are also included in Portugal’s import country list. Next, America is also included in the list with 4.86 percent of the total import and value of 16 billion USD. Netherlands, United Kingdom, and Belgium are also included in Portugal’s top ten import countries list.
- Germany: 11.8%, 39 billion
- China: 10.1%, 33 billion
- France: 9.88%, 32 billion
- Italy: 6.16%, 20 billion
- Other Europe: 5.92%, 19.5 billion
- USA: 4.86%, 16 billion US$)
- Netherlands: 4.37%, 14.4 billion
- Portugal: 3.72%, 12.2 billion
- United Kingdom: 3.24%, 10.6 billion
- Belgium: 2.39%, 7.9 billion
Portugal Top Import Goods 2020
Portugal imports a variety of goods from international countries in bulk quantities. Motor Vehicles and parts account for 10.4 percent of the total import goods and have a value worth 34 billion USD. Oil and Mineral fuels rank in the second position with a value of 31 billion USD and have 9.63 percent of the total import goods. Next industrial and electrical machinery are also included in the import goods list of Portugal with a value of 30 billion and 28 billion USD. Plastics and commodities are also included in the import goods list with 3.61 percent and 5 percent of the total import. Pharma and Apparel accessories are also included in the import list. Apart from this, precision instruments are also imported that holds a value of 8.71 USD and accounts for 2.64 percent of the import of the total goods in Portugal.
- Motor Vehicles & Parts: 10.4% (34 billion US$)
- Oil & Mineral Fuels: 9.63% (31 billion US$)
- Industrial Machinery: 9.36% (30 billion US$)
- Electrical Machinery: 8.65% (28 billion US$)
- Plastics: 3.61% (11.9 billion US$)
- Commodities: 5% (16.5 billion US$)
- Pharmaceuticals: 5.11% (16.8 billion US$)
- Apparel and clothing accessories: 2.63% (8.67 billion US$)
- Precision Instruments: 2.64% (8.71 billion US$)
- Revenue of Product Exports in 2019: $67,064,074,174
- Revenue of Product Imports in 2019: $89,541,379,731
- $222 billion: Nominal, 2020 est.
- $340 billion: PPP, 2020 est.
- Revenue of Per Capita Product Exports in 2019: $6.5k
- Revenue of Per Capita Product Imports in 2019: $8.69k
Service Export & Import
- Revenue of Service Exports in 2017: $32.8B
- Revenue of Service Imports in 2017: $15.6B