Record exports from Portugal’s metal sector

Record exports from Portugal’s metal sector - Portugal Business News

News Portuguese economy – Portugal’s metallurgical and metalworking industries register record export figures of 24 billion euros in 2023, that is a 4.3% growth.

Portugal’s metal industry represents around 30% of exports and is one of the most important levers of the Portuguese economy. Already, in 2022, exports from Portugal’s metal sector had reached a historical high with over 23 billion euros, that represented a 16.1% increase compared to 2021.

The Portuguese association Metal Portugal considers that the record export figures registered by the metallurgical and metalworking sector in 2023 are very positive, since not only was the absolute value extraordinary, but the year-on-year evolution was much better than that seen in the economy in general.  

What are Portugal’s main export markets for the metal industry?

Portugal’s main export markets for the metal industry, including the metallurgical and metalworking sectors, are first the EU that accounts for 68.5% of exports in 2023, namely Spain, France, Germany, the UK, and Italy. However, exports from Portugal’s metal industry to the US are taking on special prominence.

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