In Portugal, the textile, other non-metallic minerals and beverage manufacturing sectors are most exposed to increased US tariffs.
Recent changes in US trade policy include increases in import tariffs. As the US is Portugal's main non-EU trading partner, it is important to assess the impact of these trade barriers.
One way to measure the degree of exposure to these policies is to calculate the percentage of exporting firms in each manufacturing sector for which the US market represents more than 10% of the value of total sales. In Portugal, the percentage of exporting firms in this condition is close to 12% in the textile manufacturing sector, 11.5% in the manufacturing of other non-metallic mineral products (which includes glass and porcelain) and 10% in the beverage industry, which positions them as the sectors most directly exposed to the increase in tariffs. In 2023, exports by firms with high exposure represented 76%, 82% and 34% of total exports to the US in each of these sectors, respectively.
