Portugal
Europe
Trade in Portugal
| Portugal was the world’s 44th largest exporter of goods and 35th largest exporter of commercial services in 2021. Export values were $75.2 and $31.8 billion USD respectively. Portugal’s top export category was manufactures, followed by agricultural products, and fuels and mining products. In 2020, Portugal’s main export destination markets for goods and services trade were to Spain, France and Germany, with trade representing 76.24 per cent of GDP. In terms of imports, Portugal’s import values were $98.2 and $20.7 billion USD respectively in 2021. Portugal’s top import category was manufactures, followed by agricultural products and fuels and mining products. Leading import partners were Spain, Germany and France. Portugal is a member of the European Union, which is part of 45 different Regional Trade Agreements, including with Central America, Pacific States and Eastern and Southern Africa States. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Portugal |
Abbreviation |
PT |
Capital |
Lisbon |
WTO Membership Date |
1 January 1995 |
Legal System |
civil law system; Constitutional Court review of legislative acts |
Language |
Portuguese |
Number of Time Zone(s) |
2 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Euro |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Copyright Offices |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Last Reviewed: June, 2023
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