Exports of goods, in cumulative values, from January to November 2022, amounted to 72.564 billion euros. The main destination for Portuguese exports was Spain, with a share of 26 percent of the total, followed by France, Germany, the USA, and the United Kingdom.
According to data from INE (National Statistics Institute), exports grew by 24.5 percent compared to the first eleven months of 2021. This represents a growth of 46.6 percent compared to the same period in 2020.
From January to November 2022, exports to the European Union increased by 22.8 percent, accounting for a share of 70.5 percent in total exports. Meanwhile, extra-EU exports increased by 28.7 percent, representing a weight of 29.5 percent of the total.
According to INE data, exports grew by 24.5 percent compared to the first eleven months of 2021. This represents a growth of 46.6 percent compared to the same period in 2020.
Spain had the largest positive contribution to the overall export growth, with an increase of 3,394 million euros (+21.9 percent), followed by the USA (1,496 million euros; +45.9 percent), Germany (1,487 million euros; +23 percent), and France (1,357 million euros; +17.7 percent).
By product groups, Machinery and Appliances constituted the main export with a share of 13.8 percent of the total, followed by Vehicles and Other Transport Equipment, representing 12.4 percent.
During this period, notable increases in exports were observed in Mineral Fuels (81.8 percent), Machinery and Appliances (19.5 percent), Chemicals (36.8 percent), and Vehicles and Other Transport Equipment (15.9 percent).
Imports totaled 100.471 billion euros, with a year-on-year variation of 33.4 percent.