Export of Goods Value from Portugal (1990-2023)

Export of Goods Value from Portugal (1990-2023)

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TGM StatBox. (2024). Export of Goods Value from Portugal (1990-2023). TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Portugal
Published date: 2024
Note: Merchandise exports by product group – annual (Million US dollars), as defined by the World Trade Organization (WTO), measures the total value of goods exported from a country, categorized by specific product groups, and expressed in millions of U.S. dollars.
Key Takeaways
Portugal's export journey has been shaped by shifts in its industrial landscape and international trade dynamics. Exports hovered around $16 billion in 1990 but experienced moderate growth during the 1990s, reflecting expanding trade ties within the EU. A significant rise began in the early 2000s, with export values nearly doubling from $24.36 billion in 2000 to $57.14 billion in 2008.

The 2008 financial crisis caused a decline to $44.21 billion in 2009, but recovery was swift. By 2023, exports reached $83.86 billion, driven by the strength of the textiles, automotive, and renewable energy sectors. Strategic trade agreements and a focus on higher-value goods further bolstered Portugal’s global competitiveness.

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