Portugal is a country located in the south-west of Europe, on the Iberian Peninsula. Its capital is Lisbon and it borders Spain to the north and east, and is bathed by the Atlantic Ocean to the south and west. It is a democratic state governed by the rule of law, has been a member of the European Union since 1986 – like Spain – and is home to 10.29 million people.
Foreign trade
Tags: Portugal , market analysis , Foreign Trade
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Historically, given its geographical location, it has always had a constant flow of different civilizations, which has made it a country rich in cultural diversity .
Portugal has a Mediterranean climate that favours the wide range of flora and fauna found both on land, with seven biosphere reserves , and in the marine waters bordering the country. In addition, it is mexican whatsapp number important stopping place for bird migrations between Europe and Africa, which gives it a high number of bird species (around 600 varieties).
Economically, Portugal is considered a diversified economy, dominated by the service sector (over 60%) in the areas of education, trade and health, and industry , especially the automotive and aerospace industries. Furthermore, thanks to its diverse climate, relief and the quality of its soil, Portuguese agriculture is quite developed. Thus, its main crops are olive groves (oil), vineyards (port wine and Madeira wine), wheat and corn. It is also worth noting that more than half of the world's cork production (54%) comes from Portugal.
In terms of trade balance , Portugal is not a country that stands out, as the value of exports only accounts for 65% of the value of imports. Thus, the largest exports correspond to machinery, electrical materials, fuels, paper and cardboard, as well as knitwear. The relationship between Spain and Portugal is close due to their geographical proximity. Spain is the main supplier of the Portuguese country and also the main client together with Germany. For its part, Portugal is the third destination country for Spanish exports, behind France and Germany.
As for business opportunities , there are many Spanish companies with a presence in Portugal. In addition, there are several companies that integrate both countries (Spain and Portugal) in the same Iberian market. Thus, products with a greater component of innovation and technology are the most in demand in Portuguese trade, highlighting sectors such as the automobile industry, biotechnology or information and communications technology.
Furthermore, the tourism sector is also a good option for investment as it has a great weight in the national economy of Portugal.