Portugal: Exporter Guide 2021
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In 2020, Portugal imported $250 million worth of agricultural, fish and forestry products from the United States. Outside the European Union member states, the United States was the second main origin of Portuguese agricultural and related imports after Brazil. Despite the pandemic and other trade-related challenges, the total value of U.S. exports of agricultural and related products to Portugal rose 16 percent from January to September 2021 compared to the previous year. The economy is forecast to rebound strongly from the COVID-19 pandemic in the short term, although tourism, the key sector in the Portuguese economy, could still be slow to recover, particularly after the new measures put in place by the Government on December 1, 2021. This report is an update of report PO2021-0005 and provides guidance to U.S. companies interested in exporting food products to Portugal, including an overview of the country's economic situation, market structure, and export requirements.