In the period January-December 2024, Portuguese exports increased by 2.6% and imports by 1.9% compared to 2023. The market that contributed most to the overall increase in Portuguese exports in 2024 was Germany.

 

The fourth quarter proved to be a stabilizing period compared to the third quarter, confirming the overall growth of the sector's exports by 3%.

 

The 3% growth in the Sector's exports in 2024 is shared by both the EU (+4%) and Third Countries (15%). Meanwhile, PALOPs (-17%) and the USA (-10%) saw a decrease as destination countries.

 

In exports, there was a recovery in Industrial Machinery and Equipment (7%) and Household Appliances (2%) and, especially due to their weight, the continued good performance of Electronic Components (8%), Consumer Electronics (14%) and Insulated Wires and Cables (8%).