The Spanish market is the most important destination for Portuguese companies looking to
expand internationally. Not only is it Portugal’s main trading partner, it has also shown a
consistent growth trajectory, creating favourable conditions and new business opportunities for Portuguese firms.
Spain currently absorbs more than a quarter of Portuguese exports of goods and around
a fifth of total exports. The Spanish economy has demonstrated resilience, with forecasts pointing to growth close to 3 per cent in 2025. This will consolidate Spain’s position as one of the most dynamic markets in Europe.
As Portugal’s main trading partner, Spain remains the leading market, acting as both a
customer and a supplier of goods and services. In 2024, Portuguese exports to the Spanish market exceeded 25.7 billion euros, divided between goods (77.5 per cent) and services
(22.5 per cent). According to data from Statistics Portugal (INE), goods exports increased by 2.7 per cent to around 20.5 billion euros, while imports from Spain totalled 35.2 billion
euros, marking a slight decline of 0.9 per cent. Consequently, the export-to-import coverage ratio was 58.1 per cent.
Read the full article here.
By Luís Reis, AICEP Director in Spain, and Patrícia Liz Dias, Trade and Investment Officer of AICEP in Spain
expand internationally. Not only is it Portugal’s main trading partner, it has also shown a
consistent growth trajectory, creating favourable conditions and new business opportunities for Portuguese firms.
Spain currently absorbs more than a quarter of Portuguese exports of goods and around
a fifth of total exports. The Spanish economy has demonstrated resilience, with forecasts pointing to growth close to 3 per cent in 2025. This will consolidate Spain’s position as one of the most dynamic markets in Europe.
As Portugal’s main trading partner, Spain remains the leading market, acting as both a
customer and a supplier of goods and services. In 2024, Portuguese exports to the Spanish market exceeded 25.7 billion euros, divided between goods (77.5 per cent) and services
(22.5 per cent). According to data from Statistics Portugal (INE), goods exports increased by 2.7 per cent to around 20.5 billion euros, while imports from Spain totalled 35.2 billion
euros, marking a slight decline of 0.9 per cent. Consequently, the export-to-import coverage ratio was 58.1 per cent.
Read the full article here.
By Luís Reis, AICEP Director in Spain, and Patrícia Liz Dias, Trade and Investment Officer of AICEP in Spain
