Portugal - Foreign trade



Portugal's foreign trade balance has regularly shown a heavy deficit, which it finances through net receipts from tourism, remittances from Portuguese workers abroad, and net transfers from the EU.

The major export commodities of Portugal are clothing and footwear (11.6%), motor vehicles (9.1%), and textiles (6.9%). Other exports include electrical distributing equipment (4.1%), paper products (3.2%), and refined petroleum products (1.9%).

In 2000 Portugal's imports were distributed among the following categories:

Portugal

Consumer goods 13.8%
Food 9.9%
Fuels 10.4%
Industrial supplies 28.8%
Machinery 18.9%
Transportation 18.1%
Other 0.1%

Principal trading partners in 2000 (in millions of US dollars) were as follows:

Portugal

COUNTRY EXPORTS IMPORTS BALANCE
Spain 4,702 10,348 -5,646
Germany 4,397 5,483 -1,086
France 3,087 4,241 -1,154
United Kingdom 2,649 2,393 256
Belgium 1,446 1,218 228
United States 1,409 1,181 228
Netherlands 1,031 1,833 -802
Italy 968 2,851 -1,883
Sweden 404 498 -94
Japan 110 980 -870

User Contributions:

Kamran Bahmani
Report this comment as inappropriate
Jun 23, 2012 @ 2:02 am
I need following info
Portugal's number one trades partner
Portugal's top export product
Portugal's top import product
Portugal's import and export regulations
Portugal's GNP (Gross National Product)

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