Agência para o Investimento e Comércio Externo de Portugal


From January to June 2023, Portuguese exports of goods and services increased by 10.2 per cent compared to the same period in 2022, totalling 62,245 million euros, according to data from the Bank of Portugal. The results for the first half of 2023 are characterised by a trade balance surplus of 585 million euros, an increase in the balance of 4,339 million euros.

Spain stands out as the leading export destination with a 20.2 per cent share of the total, followed by France (12.4 per cent) and Germany (11 per cent). The United Kingdom, with a share of 8.9 per cent, was the primary customer outside the European Union and fourth overall, followed by the United States of America (6.8 per cent).


Exports to France saw the biggest growth, of 11.4 per cent, equivalent to 790 million euros, followed by the United Kingdom, with an increase of 737 million euros and Spain, with 658 million euros.


Travel and Tourism was the main export, with a 16.7 per cent share of the total, followed by Machinery and Equipment (9.7 per cent) and Vehicles and Other Transport Equipment (9.0 per cent). Travel and Tourism also stand out, with an increase of 29.5 per cent compared to the previous year's first half, translating into 2,364 million euros. In the same period, imports totalled 61.660 billion euros, a year-on-year increase of 4.6 per cent.