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In 2023, Portugal imported almost $294 million worth of agricultural, fish, and forestry products from the United States. Outside the European Union Member States, the United States was the third main origin of Portuguese agricultural and related imports.
U.S. exporters can find ample opportunities in the Iberian Peninsula. Spain is the third-largest European Union (EU) destination for U.S. agricultural products, with Portugal ranking 11th. In 2021, the United States exported $1.6 billion of agricultural products to Spain, or 15 percent of total U.S. agricultural exports to the EU. The United States held a 4 percent market share of Spain’s agricultural imports and 2 percent market share in Portugal, behind other EU member states as a group and Brazil.
In 2021, Portugal imported $244 million worth of agricultural, fish, and forestry products from the United States. Outside the European Union Member States, the United States was the third main origin of Portuguese agricultural and related imports.
In 2020, Portugal imported $250 million worth of agricultural, fish and forestry products from the United States.
Similar to other consumers around the world, consumers in Portugal continue to adapt their lives and habits to the “new normal” under the COVID-19 pandemic.
The lockdown and social distancing measures brought on by COVID-19 heavily impacted the Portuguese food service sector.
The food and beverage manufacturing industry is one of the key sectors of Portuguese economy.
In 2019, the number of large-sized commercial establishments selling food amounted to 1,747 units, with a turnover of $16,1 billion and 83,228 employees.
In 2019, total catches of fishery products were valued at $361 million. The steady growth of total national catches over the last few years is driven, among other factors, by domestic consumption.
Portugal started 2021 with National Lockdown measures fighting to control its worst wave of the COVID-19 pandemic.
EU-27+UK chicken meat production is expected to increase slightly again in 2020 driven by both domestic and export demand.
In 2018, U.S. exports of agriculture, fish and forest products to Portugal doubled from the previous year to $358 million.