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:
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:
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 |
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)
Import products from Portugal like petroleum products, spare parts, clothing and footwears, tiles and marbles.