The latest Portugal export data indicates that Portugal exported products worth $838 billion globally in 2023. Portugal's total export value increased by 1.5% compared to $826 billion in 2022.

Portugal's Top Export Customers

The latest Portugal export data reveals that 77.2% of Portugal's exported products were purchased by importers from the following countries:

According to Portugal export data provided by Tendata, from a continental perspective, more than three-quarters (78%) of Portugal's export value went to other European countries, with other EU member states purchasing 76.4% of Portugal's total exports. Additionally, 7.9% went to importers in North America. Portugal also exported goods worth 6% to Africa. A smaller proportion of buyers were in Asia (5.6%), Latin America (2.1%), and then Oceania (0.4%), with Australia being the main destination.

Portugal's Top 10 Export Products

According to Portugal export data provided by Tendata, based on 2-digit HS codes, Portugal's top ten export products accounted for 54.9% of Portugal's total export value:

1. Automobiles: $10.4 billion (12.4%)

2. Electrical machinery and equipment: $7.2 billion (8.6%)

3. Machinery, including computers: $5.7 billion (6.8%)

4. Mineral fuels, including oil: $5.6 billion (6.7%)

5. Plastics and plastic products: $3.9 billion (4.7%)

6. Pharmaceuticals: $2.9 billion (3.5%)

7. Iron and steel products: $2.62 billion (3.1%)

8. Furniture, bedding, lighting, signs, and prefab buildings: $2.6 billion (3.1%)

9. Knitted or crocheted clothing and accessories: $2.51 billion (3%)

10. Paper and paper products: $2.47 billion (3%)

Portugal export data indicates that pharmaceuticals saw the fastest growth among the top ten export categories, increasing by 55.5% from 2022 to 2023. Machinery, including computers, ranked second in terms of improved export sales, growing by 17.9%. The shipment volume of Portugal's furniture, bedding, lighting, signs, and prefab buildings category ranked third in terms of growth, increasing by 13.1%. The largest decrease among Portugal's top ten export categories was observed in paper (including materials and paper products), which decreased by -19.7%.

According to more detailed HS codes, Portugal's top 10 exported products are:

1.HS Code：271019660031(27.51%, $18.99 Million)：Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, nes + detailed label not available +

2.HS Code：970191000000(6.32%, $4.36 Million)：Paintings, e.g. oil paintings, watercolours and pastels, and drawings executed entirely by hand (excl. over 100 years old, and technical drawings and the like of heading 4906, and hand-painted or hand-decorated manufactured articles)

3.HS Code：450410190000(5.02%, $3.46 Million)：Corks and stoppers, cylindrical, of agglomerated cork (excl. such products for sparkling wine)

4.HS Code：732690400000(3.6%, $2.48 Million)：Articles of iron or steel, n.e.s. (excluding cast articles or articles of iron or steel wire): Enamld irn ware(excl utnsl and sign bord)

5.HS Code：844851900011(2.91%, $2.01 Million)：Sinkers, needles and other articles used in forming stitches, for machines of heading 8447: Snkrs,nedl etc. of other txtl machinery

6.HS Code：450410110000(2.81%, $1.94 Million)

7.HS Code：8901901000(2.66%, $1.83 Million)：Sea-going vessels for the transport of goods and seagoing vessels for the transport of both persons and goods (excl. refrigerated vessels, tankers, ferry-boats and vessels principally designed for the transport of persons)

8.HS Code：3057211(2.42%, $1.67 Million)：Fish heads, tails and maws, smoked, dried, salted or in brine: fish maws : of cod

9.HS Code：392310900000(2.2%, $1.52 Million)：Boxes, cases, crates and similar articles for the conveyance or packaging of goods, of plastics: Box case crate and smlr artcls of plstcs nes

10.HS Code：3057910(1.92%, $1.32 Million)：Fish fins and other edible fish offal, smoked, dried, salted or in brine (excluding heads, tails, maws and shark fins): fish fins, heads, tails, maws and other edible fish offal : other : of code

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