Trade Policy and Regulations in Portugal
Foreign Trade in Figures
Portugal's economy is open to foreign investment, trade represents more than 70% of the GDP (during the period 2007-2009). Becoming a member of the European Union changed the structure of the Portuguese imports and exports. The country exports more and more technological equipment instead of the traditional agricultural products or products from the textile and clothing industry.
The European Union is Portugal's main customer, followed by the United States. Other commercial partners of Portugal are China, Nigeria and Brazil.
The trade balance of Portugal is structurally in deficit, however its balance experienced an improvement during the crisis, due to the fall of imports which was much higher than the drop on exports. Since the beginning of 2011, Portugal has experienced a decline in its trade deficit over the same period in 2010, thanks to higher exports.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||66,673||78,195||89,975||71,648||75,277|
|Exports of Goods (million USD)||43,332||51,515||55,816||44,310||48,744|
|Imports of Services (million USD)||11,814||13,989||16,262||14,154||14,120|
|Exports of Services (million USD)||18,193||22,978||25,916||22,401||22,856|
|Imports of Goods and Services (Annual % Change)||7||6||3||-11||-|
|Exports of Goods and Services (Annual % Change)||9||7||-||-||-|
|Trade Balance (million USD)||-23,107||-26,450||-33,787||-24,410||-|
|Current Account (million USD)||-21,534||-23,516||-31,852||-23,952||-|
|Foreign Trade (in % of GDP)||71||73||75||64||-|
|Imports of Goods and Services (in % of GDP)||40||40||43||36||-|
|Exports of Goods and Services (in % of GDP)||31||32||32||28||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|Other partnersClose extended list||38.3%|
(% of Imports)
|Other partnersClose extended list||37.0%|
- Main International Economic Cooperation
- Member of
World Trade Organisation
Member of the European Union, of the European Economic Area, of the Schengen Area, and it belongs to other international organizations, such as the Community of Portuguese Speaking Countries.
- Assessment of Commercial Policy
The WTO webpages on Portugal
Barriers to exchanges
- Average Customs Duty (Excluding Agricultural Products)
Transactions carried out within the EEA are exempt from duties.
The Common Customs Tariff (CCT) of the European Union is applied to goods from outside the EU. In general, duties are not very high, especially for industrial products (4.2% on average).
- Useful Resources
Directorate General of Customs
- National Organization of Intellectual Property
National Institute for Industrial Property, the organization for the protection of intellectual property.
The Portuguese Authors' Society for copyright
List of the institutions which manage copyright.
Any Comments About This Content? Report It to Us.
As a member of the European Union, Portugal applies EU harmonized regulation on export certificates for plant or animal products whether or not they are intended for human consumption.
Foreign Agricultural Service on 11 Jan 2013 related to Trade Policy and Regulations in Portugal
Although the European Union is a customs union with a Community Customs Code and a harmonized tariff system for product classification, customs administration is a Member State activity.
U.S. Commercial Service Italy on 30 Sep 2012 related to Trade Policy and Regulations in Portugal
2012 Country Commercial Guide for U.S. Companies doing business in Portugal.
U.S. Commercial Service on 14 Mar 2012 related to Trade Policy and Regulations in Portugal
How2Go Consultoría de Internacionalización on 4 Jun 2014 related to Trade Policy and Regulations in Portugal
Find the related Portuguese companies with Kompass:
Internationalization Consulting, BrazilHow2Go specializes in bilateral internationalization of companies from Europe and America, formed by a team of...
Part of USDA, the United StatesThe Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA) works to improve foreign market...
U.S. Department of Commerce, Italy
US GovTrade Promotion, the United States