STARTUP ECOSYSTEM
Portugal Export/Import Ratio
Portugal’s Trade Balance 2023: Positive Trends and Export/Import Insights
As of 2023, Portugal’s trade balance reflects a positive trend, particularly in the technology sector. Here are the key figures regarding the export/import ratio and the balance of trade for technology products:
- Overall trade balance: In 2023, Portugal recorded a positive external trade balance of approximately €2.3 billion, which is about 0.9% of GDP. This marks a significant turnaround after three consecutive years of trade deficits.
- Exports and imports of goods:
-
- Total Merchandise Exports: In 2023, Portugal’s total merchandise exports amounted to around $83 billion, representing a year-on-year increase of 1.63%
- Total Merchandise Imports: Conversely, total merchandise imports were approximately $113 billion, showing a decrease of 1.56% compared to the previous years.
- Export/Import Ratio: The export/import ratio can be calculated as follows:
- This indicates that for every dollar spent on imports, approximately 73.4 cents are earned from exports.
Resources
- Exports and the Portuguese economic growth – Portugal Global
- Annual International Trade Statistics – Trade Economy
- Portugal: Export of goods from 2013 to 2023 – Statista
Portugal Startup density
In the 2024 Global Startup Ecosystem Report, Portugal ranks 27th globally and 4th in Southern Europe, reflecting its growing role as a regional technology and innovation leader. Key sectors driving this success include fintech, health tech, deep tech, and artificial intelligence (AI). Portugal’s startup ecosystem has also nurtured several high-growth companies, including unicorns and emerging scale-ups
Portugal Investment in key sectors
Portugal is witnessing significant public and private investments in key sectors, particularly in technology and education, as part of a broader strategy to enhance economic growth and innovation.
Portugal Export/Import Ratio
As of 2023, Portugal's trade balance reflects a positive trend, particularly in the technology sector. Here are the key figures regarding the export/import ratio and the balance of trade for technology products
Portugal Funding volume
In 2023, venture capital (VC) funding in Portugal experienced a notable decline, amounting to approximately €151 million (around $164 million) in total investments. This figure represents a significant decrease from the previous year's investment volume of $1.3 billion in 20224
Portugal Innovation index
In 2022, Portugal filed 1,382 patents, showcasing a steady interest in intellectual property and innovation. This figure indicates the country's growing emphasis on research and development within various sectors, particularly technology and pharmaceuticals.
