Portugal
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National Flag |
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Map |
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Basic Information |
Portugal is located in southwestern Europe. The country has an land area of about 90,000 square kilometres, a coastline of more than 800 kilometres with multiple seaports. By the end of 2021, the population was about 10.31 million (estimate of IMF). The capital is Lisbon. It is the national political, economic, financial, cultural and technological centre. |
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Investment Situation |
Portugal is a member state of the European Union (EU). Its infrastructure is complete. It has also good social security and high degree of marketization, as well as geographical advantages. It connects to the markets of European and Portuguese-speaking countries. The wage costs are at a low level among EU member states. The service industry dominates the Portuguese economy. In particular, tourism is developing quite well. In addition, cork processing is one of Portugal’s traditions and a pillar industry of the national economy. Other characteristic industries include wine, olive oil, shoemaking, pharmaceuticals, moulds, and renewable energy industries. According to the “2023 World Investment Report” published by the United Nations Conference on Trade and Development (UNCTAD), by the end of 2022, Portugal has attracted US$177.3 billion on stock of inward direct investment. According to the “2022 Statistical Bulletin of China’s Outward Foreign Direct Investment”, by the end of 2022, the stock of direct investment of China in Portugal was US$25.03 million. The main areas of investment were energy, finance, insurance, communication, water affairs, and construction materials, engineering design and catering. |
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Trade in Goods |
In 2022, Portugal’s main export destinations are Spain, France, Germany, the main exports include vehicles and their accessories, electrical machinery, electrical appliances and audio equipment and accessories. The main origins for import include Spain, Germany, France, and the main imported goods include fossil fuels, electrical machinery, electrical appliances and audio equipment and accessories, vehicles and spare parts, etc. In 2023, China’s exports to Portugal amounted to US$5.79 billion, mainly include solar battery, low value simple customs clearance goods. Goods imported from Portugal amounted to US$2.91 billion, mainly include auto body parts, radar and radio navigation equipment parts and integrated circuits. |
Main Economic Indicators of the recent three years
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2021 |
2022 |
2023 |
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Population (million)
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10.30 |
10.30 |
10.31 |
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GDP (US$ billion) |
255.71 |
255.40 |
287.42 |
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Real GDP Growth Rate (%) |
5.7 |
6.8 |
2.3 |
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Total Export of Goods (US$ million) |
75,229 |
82,463 |
83,901 |
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Total Import of Goods (US$ million)
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98,200 |
115,080 |
113,475 |
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Total Export of Services (US$ million) |
32,238* |
46,537* |
55,950 |
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Total Import of Services (US$ million) |
20,186* |
23,877* |
25,613 |
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Inflation measured by the Consumer Price Index (Annual Inflation rate%) |
0.9 |
8.1 |
5.3 |
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Current Account Balance (US$ billion) |
-1.936 |
-2.932 |
-3.945 |
Source: “ *” Data from World Trade Organization (WTO) and the others from International Monetary Fund (IMF)
Statistics on the Trade of Goods between Mainland China and Portugal of recent three years (US$ thousands)
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Year |
Total Trade |
Total Exports Value |
Total Imports Value |
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2023 |
8,704,249 |
5,792,275 |
2,911,974 |
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2022 |
9,014,190 |
5,978,102 |
3,036,088 |
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2021 |
8,808,969 |
5,354,290 |
3,454,679 |
Remarks: “ Exports” refers of goods exported to Portugal from Mainland China; “Imports” refers of goods imported from Portugal to Mainland China
Source of Data: General Administration of Customs of the People’s Republic of China
Statistics on the Trade of Goods between the Macao SAR and Portugal of recent three years (US$) (USD 1 ≈ MOP 8)
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Year |
Total Trade |
Total Exports Value |
Total Imports Value |
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2023 |
38,987,289.0 |
21,981.8 |
38,965,307.3 |
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2022 |
34,823,301.0 |
103,876.9 |
34,719,424.1 |
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2021 |
35,026,938.1 |
257,516.0 |
34,769,422.1 |
Remarks: “ Exports” refers of goods exported to Portugal from Macao; “ Imports” refers of goods imported from Portugal to Macao.
Source of Data: Statistics and Census Service (DSEC), Macao SAR Government
Source of Data:
- “Country (region) guide for foreign investment co-operation (Portugal)” by the Ministry of Commerce of the People’s Republic of China
- “2022 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China, National Bureau of Statistics and State Administration of Foreign Exchange
- General Administration of Customs of the People’s Republic of China
- SinoMaps Press
- Statistics and Census Service (DSEC), Macao SAR Government
- International Monetary Fund (IMF)
- World Trade Organization (WTO)
- International Trade Center (ITC)
- “2023 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
Updated in April 2024.
