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Portugal import Statistics

Portugal Import 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. It is a developed nation with a strong rate of economic growth. The country is ranked 45th in the world for having some of the most complex economies, and 47th in the world for GDP. Portugal ranked 40th out of 226 nations in terms of overall imports in 2023, according to Portugal trade statistics. In today's globalized world, understanding trade trends and analyzing import data has become essential for businesses and policymakers alike. Portugal, with its strategic location and growing economy, has emerged as a significant player in the international trade arena.

According to Portugal's import data, Portugal imported goods worth $113.5 billion in 2023. Portugal's imports of goods declined by 2% in 2023 over the previous year. Based on Portugal shipment data for 2023, Portugal’s biggest imports are vehicles, while Spain is its biggest import partner. The total GDP of Portugal is $287.08 billion, with a GDP import share of 46.61%. Portugal is a part of trading blocs such as the EU, WTO, and GATT. Let us gain insights into Portugal's import data, with a specific focus on the latest trends and developments in 2023.

Portugal Import Data | Portugal Statistical Data

40

The country has been ranked 40th in global imports, showing a significant position in the international trade landscape.

0.4%

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

SPAIN

Spain holds a significant role as the largest import partner of the country in terms of goods imports.

VEHICLES

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

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import

Top 10 imports of Portugal: Portugal Import Data by HS Code

Portugal, as a thriving economy and member of the European Union, relies on various imports to meet its domestic needs and support its industries. The top 10 imports of Portugal encompass a diverse range of goods. According to the Portugal import data and Portugal trade data, Portugal’s top 10 imports in 2023 are:

  • Vehicles (HS code 87): 11.9% ($13.50 billion)
  • Mineral fuels and oils (HS code 27): 11.65% ($13.21 billion)
  • Electrical machinery and equipment (HS code 85): 9.8% ($11.12 billion)
  • Plastics and articles thereof (HS code 39): 8.21% ($9.31 billion)
  • Pharmaceutical products (HS code 30): 4.55% ($5.16 billion)
  • Iron and steel (HS code 72): 3.4% ($3.85 billion)
  • Organic chemicals (HS code 29): 3.35% ($3.80 billion)
  • Optical, medical, or surgical instruments (HS code 90): 2.73% ($3.09 billion)
  • Fish and other aquatic invertebrates (HS code 03): 2.1% ($2.38 billion)
  • Miscellaneous chemical products (HS code 38): 2.1% ($2.38 billion)
    • Partners

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

    Portugal's major import partners, further fostering its trade relations, contribute significantly to Portugal's trade network, ensuring a steady supply of essential goods and facilitating economic growth. Portugal’s top 10 import partners in 2023 based on the Portugal shipment data and Portugal trade activities include:

    Value In Percentage(%)

  • 1. Spain: 33.8% (38.34 billion US$)
  • 2. Germany: 11.6% (13.14 billion US$)
  • 3. France: 7% (7.89 billion US$)
  • 4. Netherlands: 5.3% (6.05 billion US$)
  • 5. China: 5% (5.64 billion US$)
  • 6. Italy: 5% (5.63 billion US$)
  • 7. Brazil: 3.5% (3.96 billion US$)
  • 8. Belgium: 3.2% (3.57 billion US$)
  • 9. USA: 2.1% (2.43 billion US$)
  • 10. Poland: 1.9% (2.15 billion US$)
    • Sample Data

    Understanding Portugal Statistical Data and Import Scenario

    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 has a strong economy that heavily relies on importing goods from various countries. The import data of Portugal provides valuable insights into the types of products being imported, their origin, and the overall trade dynamics. Analyzing this data helps businesses make informed decisions, identify potential market opportunities, and stay ahead of the competition. According to the Portugal statistical data for imports, Portugal imported goods worth $113.5 billion in 2023. We offer you highly helpful and relevant Portugal import data and trade data information. All of the information in our database is derived from recently updated shipping bills, invoices, and other crucial transaction documents. You will undoubtedly find our database and information to be very helpful in identifying the ideal market for gauging possible gains and market risks. We obtain trustworthy data from establishments, shipping businesses, and approved ports in Portugal. Portugal's trade data contains a range of fields. 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 to 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 Import Data
    ID 22590 MONTH Jul-24
    FLOW Import STAT REGIME Normal
    HS CODE 01022910 PRODUCT DESCRIPTION Live cattle of a weight <= 80 kg (excl. pure-bred for breeding)
    IMPORTER COUNTRY Portugal ORIGIN COUNTRY Spain
    TRADE TYPE Intra-EU Trade SUP QUANTITY 617
    SUPP UNIT NUMBER OF ITEMS NET WEIGHT 5555
    US CIF 33349 VALUE IN EUROS 30759
    Benefits

    Benefits of Portugal Import Data

  • Expand your company into the Portuguese Market
  • Discover the current product demand and pricing estimates for Portugal.
  • Track and Keep an Eye on the Shipments Records of Your Rivals.
  • Make your marketing plan based on data.
  • Make a lasting impression with your brand in Portugal.
  • Establish future company objectives and increase ROI.

    • Frequently Asked Questions!!

    Portugal's main imports based on the Portugal trade records for 2023 are vehicles.

    According to the latest Portugal trade statistics, Portugal imported $113.5 billion in goods imports in 2023.

    Based on Portugal trade activities for 2023, the top countries that Portugal imports from are Spain, Germany, France, and Italy.

    The major products that Portugal imports from Spain are machinery, mineral fuels, and vehicles.

    According to the import data, the biggest increase in imports for Portugal in 2023 was in the category of mineral fuels and oils, with a 12% increase compared to the previous year.

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