Spain, Germany, France, Italy, USA, UK, China, and the Netherlands are the main import and export partners of Portugal. The geography is mountainous north of the Tagus River. Portugal bets on artificial intelligence to boost exports. by country and region. The new export health certificates are posted on the EU IRegs. The United States was the world's largest automobile producer by volume from the early years of the 20th century until the 1980s, when it was overtaken by Japan.In 2009, China became the world's largest vehicle producer. Overview of Portugal. The Economy in Portugal . Next release: May 4, 2022 Complete Release Schedule Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. LISBON (Reuters) - At a time when a slowing global economy is seen as a threat to Portugal's growth, the country is betting on a new . The country has a 0.48% share of a global export market that is worth $64.2 billion annually. All Countries Afghanistan Akrotiri . The U.S. is Portugal's fifth-largest export market for goods and services and the second largest trading partner outside the EU right after the UK, accounting for 24% of total exports to non-EU countries. Portugal exports for 2019 was $104.29B, a 0.93% decline from 2018. GDP growth accelerated in 2016, and probably reached 2.5 % in 2017. For example, Portugal's Exports rank is higher than (please wait.) World Bank national accounts data, and OECD National Accounts data files. Portugal is ranked 21st among 45 countries in the Europe region, and its overall score is above . Please note that importers in Europe must pay the value-added tax (VAT) in full at the time of importation from a non-EU country, in Portugal VAT/IVA is currently 23%. Darker = more exports. Portugal exports for 2017 was $94.57B, a 13.94% increase from 2016. 49th largest economy worldwide. The government system is a republic; the chief of state is the president, and the head of government is the prime minister. This page displays a table with Portugal Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Most important export partner countries for Portugal in 2019. B. Portugal's Debt. Portugal is a very important business hub in matters of import and export activities with countries around the world. 54 for the same month last year. More Tips. Although a full breakdown was not yet made available, the print revealed that net external demand was the main drag on the print. Portugal Exports-by-country - Adat - Gazdasági Mutatók. This page displays a table with Portugal Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Portugal. Quartile map of amount of exports per country. 108.7%. 10th largest economy in Eurozone. Full PDF Package Download Full PDF Package. Although Portugal was one of the world's major economic, political, and military powers in the 15th and 16th centuries, nowadays they are moderately successful. Portugal exports for 2020 was $84.87B, a 18.62% decline from 2019. Optical, technical and medical apparatus was the lone gainer among the top 10 export categories, up by 2.2% from 2019 to 2020. Effective Date: 1/1/2018. GDP Per Capita. Data on Portugal Country data on Portugal includes a wide range of indicators on agriculture, development, economy, education, energy, environment, finance, government, health, innovation and technology, jobs and society. of the countries in the dataset. In 2018, Morocco (20K tonnes) and Spain (15K tonnes) represented the main exporters of carob in the world, together amounting to near 63% of total exports. "The excellent news comes from the export figures which, from January to September 2021, in Portugal […] grew by 11.7% in value (669 million euros . 37 Full PDFs related to this paper. Portugal ranked No. Economy of Portugal. Direction: Export. Demurrage and detention. Access export requirements for meat, poultry, based on country, product, or by date using our search filter, as well as countries and products eligible for import to the U.S. Country Status Portugal is a semi-presidential republic with a head of government - the prime minister - and a head of state - the president - who has power to appoint the prime minister and other government members. Portugal is ranked 21st among 45 countries in the Europe region, and its overall score is above . The Portuguese city of Porto. Updated as of December 15, 2011. List by World Bank. Portugal successfully exited its EU-IMF program in May 2014, and its economic recovery gained traction in 2015 because of strong exports and a rebound in private consumption. Any EEE supplier placing products in the Portuguese market has a clear obligation to register and comply with the Portuguese and EU laws. Copper Ore. Shipments of copper ore account for 0.43% of Portugal's total yearly exports. GDP growth accelerated in 2016, and probably reached 2.5 % in 2017. Please check the Data Availability for coverage. Portugal - Market Overview Portugal- Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. Turning to Q1 2022, slightly tighter restrictions in the first week of the year . Facts. Economy Latest Trend Ranking; Composite leading indicator (CLI) Indicator 100.63 Amplitude adjusted Long-term average = 100 Feb-2022 Portugal Long-term average = 100 Household disposable income Indicator-1.24 Gross Per capita, percentage change, previous period RTE's factory churns out about 5,500 bikes a day, but it could produce more if parts arrived quicker. Because this wealth was not used to develop domestic industrial infrastructure, however, Portugal gradually became one of western Europe's poorest countries in the 19th and 20th centuries. $40,567. Portugal has a service-based mixed economy in which the government has privatized many state-controlled firms and Portugal successfully exited its EU-IMF program in May 2014, and its economic recovery gained traction in 2015 because of strong exports and a rebound in private consumption. For some countries they do not include receipts for passenger transport items. 59 among U.S. trade partners in February. Exports by partner country: Portugal 2021 OECD Quarterly International Trade Statistics, Volume 2021 Issue 2 This reliable and up-to-date source of OECD quarterly balance of payments and international merchandise trade statistics provides a detailed insight into the most recent trends in trading patterns for OECD countries with the rest of the . Exports by Country. Portugal tourism statistics for 2018 was 24,366,000,000.00, a 12.88% increase from 2017. Francisco Rebelo. The EU-backed Green Flamingo initiative may enable it to ship the green gas from the port of Sines to Rotterdam. Exports of goods and services (% of GDP) - Portugal. Portugal Food Products Exports by country. . The most important sectors of Portugal's economy in 2015 were wholesale and retail trade, transport, accommodation and food services (25.1 %) and public administration, defence, education, human health and social work activities (19.9 %) and industry . Trade balance of goods of Portugal 2020. Test Your Knowledge. Jutting into the Atlantic Ocean on the edge of the Iberian Peninsula and flanked by Spain to the east, Portugal . Economy Stats. Global potato exports amounted to USD 3.8 billion in 2019. No country in the European Union makes more bicycles than Portugal. GDP data measured in PPP Int$ with added estimates for the informal economy and adjusted for any base year age. Portugal Exports-by-country - তথ্য - অর্থনীতির সূচক. Top 10 Portuguese Exports to Spain Portugal's exports to Spain amounted to This page displays a table with Portugal Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Download Historical Data. Paper, paper items: $1.9 billion (3.1%) Optical, technical, medical apparatus: $1.8 billion (2.9%) Footwear: $1.8 billion (2.9%) Portugal's top 10 exports accounted for 54% of the overall value of its global shipments. Country: Portugal. Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Portugal's economic freedom score is 70.8, making its economy the 31st freest in the 2022 Index. Download Download PDF. Portugal has become a diversified and increasingly service-based economy since joining the European Community—the EU's predecessor—in 1986. Please check the Data Availability for coverage. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. The economy of Portugal is ranked 34th in the World Economic Forum's Global Competitiveness Report for 2019. The economy of Portugal it's exports and custom graphs are provided. A global production trend of olive has been on the rise and the countries that were previously importers of the product, such as the US, Chile, China and Australia are now producing. Regarding FDI, Portugal registered 154 projects in 2020, of which 70% from Europe and 30% from the rest of the world. . Portugal Exports-by-country - Dane - Wskaźniki Ekonomiczne. View Country Rank By Export/Import Trade Goods Sources: UN Comtrade (2019) . $240 billion. The Portugal Economy At A Glance. Economy. How to interpret the graph: The purpose of this graph is to take a snapshot of a country's economy in comparison to other economies. The economy lost steam in Q4, growing at a slower pace in sequential terms than in Q3. Data cover major conventional weapons such as aircraft, armored vehicles, artillery, radar systems, missiles, and ships designed for military use. Population 10.3 million. Portugal: 67,056,137 -22,842,310 Please note the exports, imports and tariff data are based on reported data and not gap filled. Services exports A$70 million. Population. For Exports, FDI and GDP measures, a higher . License : CC BY-4.0. Portugal exports 70.8% of its pure olive oil shipments to two destinations only - Spain (31.8%) and Brazil (39%). Made-In Index: Attributes associated with products made in Portugal 2017. Portugal Exports By Country - was last updated on Saturday, April 9, 2022. This land area is approximately 88% of the area of Kentucky. The case of Portugal. LISBON, 29th March, 2022 (WAM) -- The Portuguese government expects the country's exports to increase 13.1% in 2022, driven by the services component, and to grow 5.2% in 2023, according to the Stability Programme (PE), released on Monday by parliament. Get up-to-date local information about export procedures and restrictions, demurrage and detention, container drop-offs and more. Other leading olive producing countries by annual metric tons are Morocco (745,019), Syria (730,692), Egypt (332,321), Portugal (325,938) and Algeria (299,404). From the mid-1970s, after the Portuguese revolution, the country . Economy of Portugal. It should be noted that, where applicable, an Arabica/Robusta ratio of 50/50 has been used to convert processed coffee into Green Bean Equivalent (GBE). covering the area from which the product will be exported, the area in which your office is located, or the area in which the product is manufactured. Relatedness measures the distance between a country's current exports and each product. A short summary of this paper. Portugal: Exports to increase 13.1% in 2022 driven by recovery in tourism. 10,286,263. Portugal Economic Outlook. WEEE/RoHS: Portugal. Area 91,590 sq km. Portugal Overview People Government - Politics Geography Economy - Economy - Imports - Exports - Money and Currency - Natural Resources - Technology - Transportation - Economy Comparisons. February 2022 Trade in Goods and Services. Portugal: 67,056,137 -22,842,310 Portugal exports for 2018 was $105.27B, a 11.32% increase from 2017. Portugal's top 10 imports include electrical machinery, crude oil, gas, plastics, pharmaceuticals, iron & steel, fish, machinery, and chemical goods. Capital Lisbon. This detail encourages many distributors to import indirectly from the United States via other E.U. Because this wealth was not used to develop domestic industrial infrastructure, however, Portugal gradually became one of western Europe's poorest countries in the 19th and 20th centuries. Once one of the world's richest countries because of its vast empire in Asia, Africa, and South America, Portugal began slipping into relative economic irrelevance in the 19th and 20th centuries because the wealth generated overseas was not used to develop domestic industrial production. List by World Bank. Data are in current U.S. dollars. Portugal is the second euro zone country after Ireland . WEEE/RoHS: Portugal. Portugal was the world's richest country when its colonial empire in Asia, Africa, and South America was at its peak. Global Potato Exports - World's Top Export Countries of Potato 27 August 2020. Applying a continental lens, 79.8% of Portugal exports by value were delivered to fellow European countries while 6.7% were sold to importers in North America. Expiry Date: Until further notice. Portugal is a country on the Iberian Peninsula on the Atlantic coast. Definition: Arms transfers cover the supply of military weapons through sales, aid, gifts, and those made through manufacturing licenses. Read Paper. Disclaimer: The Portuguese Decree-Law 230/2004 and 174/2005, transposed the WEEE and RoHS Directives. This article provides an overview of the automotive industry in countries around the world.. Deficit: $89.2 Billion Exports: $228.6 Billion Imports: $317.8 Billion. Combining new estimates for Portugal's GDP and population data. The unemployment rate fell from 12 percent in 2015 to 6.3 percent in 2019, and the government estimates the public deficit will be close to zero in 2019 (compared to 4.4 percent of GDP in 2015), a . GDP Per Capita - Data Quality Raitings. 10th largest economy in Eurozone. The great majority of the international trade is done within the European Union (EU), whose countries received 72.8% of the Portuguese exports and were the origin of 76.5% of the Portuguese imports in 2015. Darker = more exports. Merchandise exports A$0.40 million. This page displays a table with Portugal Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. The land has a total area of 92,226 km² (35,608 mi²) and a total coastline of 1,793 km (1,114.1 mi). Any EEE supplier placing products in the Portuguese market has a clear obligation to register and comply with the Portuguese and EU laws. It is a developed country with an advanced economy and high living standards. Once in a while there's a creaking sound when the large solar mirrors readjust to the position of the sun. 49th largest economy worldwide. GDP. Note: Group sub-totals take into account the corresponding share of each type of coffee exported by countries that produce and export both Arabica and Robusta in significant volumes. The country is administratively divided into 308 municipalities, subdivided into 3,092 civil parishes. 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