Portugal Export Data in 2023 - Tendata

tendata blogExport News

ten data blog30-05-2024

Looking at Portugal export data, Portugal exported $83.8 billion worth of products to the world in 2023. Year-on-year, this represents a small rise of 1.5% from $82.6 billion in 2022.

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Portugal Main Trading Partners

Portugual export data shows that in 2023, more than two-thirds (74.4%) of Portugal's exports go to the following 10 trading partners.

1. Spain: $21.7 billion (25.8%)

2. France: $10.9 billion (13%)

3. Germany: $9.1 billion (10.8%)

4. United States: $5.7 billion (6.8%)

5. UK: $3.9 billion (4.7%)

6. Italy: $3.6 billion (4.2%)

7. Netherlands: $2.9 billion (3.5%)

8. Belgium: US$2.1 billion (2.6%)

9. Angola: US$1.4 billion (1.6%)

10. Poland: US$1.2 billion (1.4 percent)

Looking at Portugual export data, from a continental perspective, 78% of Portugal's exports went to the rest of Europe and 7.9% to North American importers. Portugal exports another 6% to Africa. Portugal is a good member of the European Union. Other EU member states bought 76.4% of Portugal's total exports. A smaller percentage of buyers came from Asia (5.6%), Latin America (2.1%) and Oceania (0.4%), mainly Australia.

Portugal export data shows that the fastest-growing of the main importing countries that will increase their purchases of Portuguese exports between 2022 and 2023 is Algeria, with an increase of 66.5%. Morocco (up 54.6%) is in second place, followed by Mainland China (up 25.7%), Romania (up 17.4%) and Brazil (up 16.1%).

According to Portugal export data, four countries had double-digit percentage declines: Denmark (-14.6% from 2022), Ireland (-13.1%), Finland (-12%) and the Netherlands (-11.5%).

Looking at Portugal export data, the top 10 Portuguese export products in 2023 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 cod

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