On this page you will find beneficial information regarding foreign direct investment in / trading with Portugal. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.

It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.

Type of Government: Republic
Population: 10.38 million (2022)
GDP: 255.2 billion USD (2022)
Corporate Tax Rate: 21%
Personal Income Tax Rate: 14.5% - 48%
Major Exports: The top exports of Portugal are Cars ($4.44B), Refined Petroleum ($3.65B), Motor vehicles; parts and accessories (8701 to 8705) ($2.99B), Leather Footwear ($1.86B), and Uncoated Paper ($1.71B), exporting mostly to Spain ($20.5B), France ($9.49B), Germany ($8.76B), United States ($5.66B), and United Kingdom ($4.25B). In 2022, Portugal was the world's biggest exporter of Agglomerated Cork ($607M), Natural Cork Articles ($510M), and Hat Forms ($35.4M).
Major Imports: The top imports of Portugal are Crude Petroleum ($7.07B), Cars ($4.54B), Refined Petroleum ($4.26B), Petroleum Gas ($3.69B), and Motor vehicles; parts and accessories (8701 to 8705) ($2.95B), importing mostly from Spain ($34.9B), Germany ($11.9B), France ($6.78B), China ($6.11B), and Italy ($5.98B). In 2022, Portugal was the world's biggest importer of Raw Cork ($158M), Debacked Cork ($19.3M), and Chamois Leather ($12.6M).