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Portugal export Statistics

Portugal Export Data

The Republic of Portugal is another name for Portugal. Situated on the Iberian Peninsula in Southwest Europe lies the nation. Portugal is primarily surrounded by ocean, and it borders Spain and Morocco on two sides. Portugal ranks 18th in Europe in terms of total land area. Portugal occupies a land area of about 92,212 km^2, placing it at place 111 in the world rankings. As a booming global economy, Portugal has cemented its place as a significant player in international trade. With its strategic location and well-established transport infrastructure, the country has been enjoying steady growth in its export sector. To understand the dynamics of Portugal's export industry, it is crucial to delve into Portugal's export data and analyze the trends. Based on the Portugal trade statistics, Portugal is ranked as the 45th biggest exporter in the world. 

According to Portugal's export data, Portugal exported $83.9 billion worth of goods in total in 2023. Portugal's goods exports increased by 2% in 2023 over the previous year. Based on Portugal shipment data for 2023, Portugal’s biggest exports are vehicles, while Spain is its biggest export partner. The GDP of Portugal is $287.08 billion, with a GDP export share of 47.44%. Portugal is a part of major trading blocs such as the EU, WTO, and GATT. Let us now explore the essence of Portugal export data, and its exports, and highlight the key aspects of Portugal statistical data in 2023. 

Portugal Export Data | Portugal Trade Data

45

The country has been ranked 45th in global exports, showing a significant position in the international trade landscape.

0.4%

With a mere 0.4% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise. 

SPAIN

Spain holds a significant role as the largest export partner of the country in terms of goods exports.

VEHICLES

Vehicles are the major and biggest export commodities of the country, playing a vital role in its economy. 

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Top 10 Exports of Portugal: Portugal Export Data by HS Code

Portugal boasts a robust economy with diverse export capabilities. The top 10 exports of Portugal comprise a comprehensive range of goods. With its skilled labor force and advanced manufacturing facilities, Portugal has established itself as a global player in these sectors. The top 10 exports of Portugal in 2023 according to Portugal export data and Portugal trade data are:

  • Vehicles (HS code 87): 12.45% ($10.45 billion)
  • Electrical machinery and equipment (HS code 85): 8.57% ($7.18 billion)
  • Nuclear reactors and machinery (HS code 84): 6.84% ($5.74 billion)
  • Mineral fuels and oils (HS code 27): 6.61% ($5.54 billion)
  • Plastics and articles thereof (HS code 39): 4.7% ($3.94 billion)
  • Pharmaceutical products (HS code 30): 3.48% ($2.91 billion)
  • Articles of iron or steel (HS code 73): 3.12% ($2.62 billion)
  • Furniture, bedding, and mattresses (HS code 94): 3.09% ($2.59 billion)
  • Articles of apparel and clothing, knitted or crocheted (HS code 61): 3% ($2.51 billion)
  • Paper and paperboard (HS code 44): 2.96% ($2.48 billion)
    • Partners

    Top 10 Export Partners of Portugal: Portugal Export Data by Country

    In terms of export partners, Portugal finds its strongest commercial ties with countries like Spain, Germany, France, the United Kingdom, and the United States. These nations serve as key destinations for Portuguese exports. Portugal’s top 10 export partners in 2023 based on Portugal shipment data and Portugal trade activities include:

    Value In Percentage(%)

  • Spain: 25.8% (21.63 billion US$)
  • France: 13% (10.92 billion US$)
  • Germany: 10.8% (9.08 billion US$)
  • USA: 6.7% (5.66 billion US$)
  • United Kingdom: 4.7% (3.94 billion US$)
  • Italy: 4.3% (3.56 billion US$)
  • Netherlands: 3.5% (2.92 billion US$)
  • Belgium: 2.6% (2.14 billion US$)
  • Angola: 2.5% (1.36 billion US$)
  • Poland: 1.6% (1.21 billion US$)
    • Sample Data

    Understanding Portugal Statistical Data for Exports

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Portugal export data refers to the information collected and recorded by relevant authorities regarding the goods and services leaving the country's borders for foreign markets. It presents a comprehensive overview of the nature, quantity, and value of exported products, making it an invaluable resource for businesses, governments, and researchers. For companies looking to expand their market presence or explore new opportunities abroad, Portugal's export data is vital. It provides vital insights into consumer demand, market trends, and the competitive landscape. According to the Portugal statistical data, Portugal exported $83.9 billion worth of goods in 2023. Many different fields are included in Portugal trade data and Portugal export data. These fields can be found in Portugal export data and Portugal trade data. For dealers and marketers, this statistical export data is crucial as it helps them make informed judgments. We obtain trustworthy data from organizations, shipping businesses, government authorities, and customs ports. For traders and marketers, this statistical trade data is crucial information that helps them make informed decisions. Everything can be obtained through this shipment data from the HS codes and product descriptions, the quantity and cost of each product. We have included a sample of the trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details. So, as you can see, in this statistical report, we also include the number of goods needed to be imported/exported, HS codes, the product description, quantity, and price of each product from the country's shipment data. In this comprehensive statistical database, we ensure that every detail is meticulously recorded, which makes this trade data efficient for businesses worldwide.

    Portugal Export Data
    ID 27640 MONTH Jul-24
    FLOW Export STAT REGIME Normal
    HS CODE 01012100 PRODUCT DESCRIPTION Pure-bred breeding horses
    EXPORTER COUNTRY Portugal DESTINATION COUNTRY Switzerland
    TRADE TYPE Extra-EU Trade SUP QUANTITY 2
    SUPP UNIT NUMBER OF ITEMS NET WEIGHT 1000
    US FOB 20383 VALUE IN EUROS 18800
    Benefits

    Benefits of Portugal Export Data

  • Produce high-quality export revenue from the Portuguese market.
  • Determine the demand for products in Portugal right now.
  • Acquire insights into Portugal export trends.
  • Make your marketing plan fueled by data.
  • Make a significant impact on the Portuguese export market.
  • Establish goals for the long run and increase revenue.

    • Frequently Asked Questions!!

    Based on Portugal trade statistics for 2023, Portugal exported goods worth a total of $83.9 billion.

    According to the latest available Portugal trade records for 2023, Portugal's top export products include vehicles, electrical machinery, and nuclear reactors.

    The export industry is a significant contributor to Portugal's economy, accounting for around 47.44% of its GDP. It also provides job opportunities and helps in reducing the trade deficit.

    Some of the challenges faced by Portugal's export industry include competition from other countries, high production costs, and fluctuations in global demand and prices.

    Based on Portugal trade activities for 2023, Portugal's major trading partners include Spain, France, Germany, the United Kingdom, and the United States.

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