Tendata Statistics Portugal Export Data in 2023

tendata blogExport News

ten data blog13-05-2024

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.

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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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Tendata iTrader aggregates trade data from 218 countries and detailed information on over 130 million import-export enterprises worldwide.

With a daily provision of 10 billion trade records, Tendata swiftly offers contact details of over 700 million top-level executives and decision-makers of import-export enterprises through intelligent filtering, including email addresses, phone numbers, social media profiles, and more. Additionally, we synchronize company profiles, product images, and website links, while providing 19 types of visual reports to assist foreign trade enterprises in precise market positioning and in-depth market analysis, helping you quickly locate the precise purchasers and suppliers you need.

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