Portugal’s exports of goods grow by 23% in 2022

Portugal’s exports of goods grow by 23% in 2022 - Portugal Business News

Portugal’s exports of goods grow by 23% in 2022 to reach EUR 78,325 million. Compared to figures for 2020, Portugal’s export of goods grew by 45.7%.

The main export market is Spain, namely in the machines and apparatus sector, accounting for 26.1% of exported goods. The growth rate for exported goods to Spain is 19.9%.

The other main export markets for the goods sector are France with 12.4% of exports that represents a growth rate of 16.4% and Germany with 10.9% of exports that represents a growth rate of 21.7%.

Portuguese non-EU exports increased by 27.7% compared to 2021 and represents 29.5% of exports. The main non-EU export markets are the US with 6.5% of exports that represents a growth rate of 43.1% and the UK with 4.9% of exports.

The main export sectors are mineral fuels with exports increasing by 79.9%, machines and apparatus that increased by 19.9%, vehicles and other transport equipment that increased by 15.4% as well as chemical products that increased by 32.6%.

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