By Riad Beladi
Portugal is an active exporter of various goods and products.
In December 2022, the growth rates of exports and imports of goods showed positive trends, with nominal year-on-year increases of +9.5% and +9.1% respectively. However, these rates indicate a deceleration compared to the previous month, November 2022, when the growth rates were +18.6% for exports and +16.1% for imports. This deceleration can be attributed to a slowdown in prices, as indicated by the unit value indices (prices) which recorded year-on-year growth rates of +9.3% for exports and +12.6% for imports. In November 2022, these growth rates were slightly higher at +13.0% for exports and +14.1% for imports. It is important to note that these fluctuations in trade figures may have been influenced by the strike that occurred in national ports during December 2022.
- Machinery and Mechanical Appliances: Portugal exports a wide range of machinery and mechanical appliances, including electrical machinery, computers, automobiles, vehicle parts, and industrial machinery. These products contribute significantly to the country’s export revenue.
- Textiles and Apparel: The textile industry is a major sector in Portugal, and the country exports textiles, apparel, and clothing accessories. Portuguese textile products are known for their quality and craftsmanship.
- Cork and Cork Products: Portugal is the largest producer and exporter of cork products in the world. Cork is used for various purposes, including wine stoppers, flooring, insulation, and fashion accessories. Portuguese cork products are highly regarded for their sustainability and versatility.
- Vehicles and Automotive Parts: Portugal exports vehicles and automotive parts, including passenger cars, buses, trucks, and motorcycles. The automotive industry in Portugal has seen significant growth in recent years, with several international manufacturers having production facilities in the country.
- Footwear: Portuguese footwear is well-regarded for its quality and design. Portugal is a major exporter of shoes, exporting various types of footwear, including leather shoes, sports shoes, and fashion footwear.
- Food and Beverages: Portugal exports a variety of food and beverages, such as canned fish (including sardines and tuna), olive oil, wine, dairy products (including cheese), pastries, and preserved fruits. Portuguese food and beverages are sought after for their traditional flavors and high quality.
- Pharmaceuticals: Portugal has a growing pharmaceutical industry and exports pharmaceutical products, including medications, medical devices, and healthcare products.
- Furniture: Portuguese furniture is known for its craftsmanship and design. Portugal exports a range of furniture items, including wooden furniture, upholstery, and home decor.
- Ceramics and Tiles: Portugal has a long tradition of ceramics and tile production. Portuguese tiles (azulejos) are famous for their intricate designs, and the country exports ceramics and tiles for various applications, including interior decoration and architectural projects.
These are just some of the major exports from Portugal. The country’s export profile is diverse and continues to evolve as new industries and sectors emerge.
- Top Export Partners: Portugal has a diverse range of export destinations. Some of the major export partners for Portugal include Spain, France, Germany, the United Kingdom, and the United States. These countries account for a significant portion of Portugal’s total exports.
- Exported Goods: The main exported goods from Portugal include machinery and mechanical appliances, textiles and apparel, cork products, vehicles and automotive parts, footwear, and food and beverages. These sectors contribute significantly to Portugal’s export revenue.
- Services Exports: In addition to goods, Portugal also exports services. Key service sectors include tourism, information technology, financial services, and consultancy services. However, it’s important to note that goods exports generally account for a larger portion of Portugal’s total exports compared to services.
- Growth and Trends: Portugal’s export sector has experienced steady growth over the years. The country has been focusing on diversifying its export markets and expanding into new sectors. The Portuguese government has also been promoting initiatives to support and encourage export-oriented businesses.
The most up-to-date and accurate information, it is recommended to refer to official sources such as Statistics Portugal (Instituto Nacional de Estatística) or international trade databases such as the World Trade Organization (WTO) or the United Nations Comtrade database.