Imports and Exports in Portugal

Portugal has a complex economy and the exports are in accordance with the main developed industries, directing the country on the 46th place among countries worldwide. The trading activities in Portugal have a major impact on the economy and comply with the international rules and regulations. If you are interested in opening a trading company in Portugal, we remind that our company formation specialists in Portugal can help.

 

 

Spain, US, Germany, UK, Italy, the Netherlands, and France are top export destinations of Portugal. Petroleum products, chemicals, cars, leather, food, beverages, and medication are among products which are sent from Portugal to countries from Europe and also from other continents. 

 

Due to the numerous investment possibilities in the trading sector in Portugal, entrepreneurs choose to set up their import and export activities in the Portuguese market and benefit from numerous advantages. Businessmen interested in opening companies in the import and export sector in Portugal are invited to ask for information and guidance from our company formation agents in Portugal. Furthermore, an entrepreneur can set up a company in Portugal and receive varied advantages among which we mention the company registration in Portugal which is an easy process.

 

• • In terms of total exports, Portugal ranked 45th out of 225 countries in the world, in 2019.
• • The export of cars for the same year worth around USD 4,73 billion, followed by vehicle parts worth nearly USD 3,30 billion.
• • Leather footwear, and uncoated paper took the road of Spain, France, UK, and Germany in 2019.
• • Agglomerated cork was the biggest export of Portugal in 2019, summing up to around USD 534 million.

 

 

Vehicle parts, textiles, industrial machinery, natural gas, agricultural products, chemical, and plastics are significant products imported from outside Portugal. Countries like Spain, France, Germany, Austria, the Netherlands or China are the main importers for Portugal. We remind that special licenses and permits are necessary if you want to start a business in the trading field in Portugal. Please keep in mind that our advisors can help you open a trading company in Portugal and can explain the entire procedure step by step. Here are some figures about the imports in Portugal:

 

• • In 2019, Portugal imported cars worth around USD 5.11 billion, followed by crude petroleum worth around USD 4.71 billion.
• • Vehicle parts worth nearly USD 3.03 billion and spacecraft parts worth around USD 3.34 billion were other imported items in 2019.
• • Most imported products in Portugal came from countries like Spain, Germany, Italy, the Netherlands, and France.
• • Raw cork worth nearly USD 131 million was the biggest import of Portugal in the same year.

 

 

Once you have obtained the special licenses and permits with the support of our team of consultants, you can start your activities in the trading sector in Portugal. The country is an old trading partner of numerous countries worldwide, due to its excellent geographic location with exits at the Atlantic Ocean. The infrastructure is well developed and numerous projects have been adopted in this important sector which will help the trading businesses grow. Furthermore, the economy in Portugal has shown numerous signs of recovery with the help of various reforms in the country’s key industries, including the import and export section.

 

Short overview of imports and exports for March 2020- March 2021

EORI for trading companies in Portugal

Short information about customs rules in Portugal

We remind that if you want to know more details about the legislation related to the trading activities in Portugal and the possibilities of opening a company in this area, you are invited to contact our team of company formation agents in Portugal.