Portugal is a country increasingly focused on exports. With a geographically strategic location, a language spoken by more than 220 million people, great infrastructures and technologically advanced resources, Portuguese finished products are distinguished by their unique quality.
These are some of the reasons why Portuguese companies are increasingly betting on internationalization, as a way to leverage their growth and competitiveness in the global market.
However, while facing so many challenges such as the pandemics, war and inflation, what has been the performance of the several Portuguese sectors?
Learn more in this post!
Portuguese Exports Grow 13.2% in the First Quarter…
… and imports about 9.1%, compared to the same period last year, with industrial supplies reaching 19.0% and 12.5%, respectively, and a decrease in imports of fuels and lubricants (-12.7%).
Imported goods already cost 2.2% less while exported goods reflected a 4.4% fluctuation.
Metal Exports reach the best 1st quarter ever…
… a record that exceeds 2,524 million euros and an increase of 27.2% over the same period last year.
The main customers are: Spain, Germany, France, Italy, UK (not including Northern Ireland), Australia, Japan and Morocco.
Automotive components exports registered a historical high …
… only in March increased about 36% compared to the same month. A growth that continues for the 11th consecutive month and has already exceeded 3,053 million euros since January. 71% of exports destinations are: Spain, Germany, France, Slovakia and USA.
Exports Textiles decrease…
…. “exporting less for a higher value” this is how ATP ranks the industry landscape. In February there was a decrease of 3% in value and 12% in quantity in textiles and clothing exports. Despite the general decline, the following markets stand out: Romania, the Czech Republic, Canada and Switzerland.
Wine exports recede in the first quarter…
… although the average price has increased, wine exports fall in value and volume. Even though, the most prominent products are Port Wine and Wines from the Setúbal Peninsula Region.
Sources:
ECO. (2023). Exportações crescem 18,7% em março, acima das importações. Consultado a 17 de maio de 2023, em: https://eco.sapo.pt/2023/05/10/exportacoes-crescem-187-em-marco-acima-das-importacoes/
Observador. (2023). INE: exportações e importações crescem 13,2% e 9,1% no primeiro trimestre. Consultado a 17 de maio de 2023, em: https://observador.pt/2023/05/10/ine-exportacoes-e-importacoes-crescem-132-e-91-no-primeiro-trimestre/
Notícias ao Minuto. (2023). Exportações do Metal Portugal registam melhor 1.º trimestre de sempre. Consultado a 17 de maio de 2023, em:
ECO. (2023). Exportações de componentes automóveis crescem 36% em março. Consultado a 17 de maio de 2023, em: https://eco.sapo.pt/2023/05/10/exportacoes-de-componentes-automoveis-crescem-36-em-marco/
Jornal de Negócios. (2023). Inflação faz “encolher” exportações do têxtil em fevereiro. Consultado a 17 de maio de 2023, em: https://www.jornaldenegocios.pt/empresas/industria/detalhe/inflacao-faz-encolher-exportacoes-do-textil-em-fevereiro
Expresso. (2023). Exportações de vinho estão a cair em valor e volume, mas vendas para a Rússia aumentam. Consultado a 17 de maio de 2023, em: https://expresso.pt/economia/economia_agricultura/2023-05-16-Exportacoes-de-vinho-estao-a-cair-em-valor-e-volume-mas-vendas-para-a-Russia-aumentam-0c6d63e2
