The Treasurer’s Guide to Trade Finance

Portugal

Principal exports

Agricultural products, food products, oil
products, chemical products, plastics and
rubber, skins and leather, wood and cork, wood
pulp and paper, textile materials, clothing,
footwear, base metals and machinery and tools.

Import/Export documentation

Within the EU: no documentation
requirements, but a commercial invoice is
typically included.

Outside the EU: commercial invoice, customs
declaration, bill of lading, packing list and,
sometimes, a certificate of origin.

Licences

Imports

ƒ Some imports, including certain textiles and
steel products, from outside the EU.

ƒ Diamonds, armaments and oil (from Iraq)
are also subject to import restrictions.

ƒ There is a system of access quotas for
imports from outside the EU for products
covered by the Common Agricultural Policy.

Exports

ƒ Export certificates are required for a small
number of goods (mainly agricultural).

Tariffs/Taxes

Imports

ƒ Tariffs on imports from outside the EU are set

according to the EU’s common customs code,

with higher rates for agricultural imports.

Exports

ƒ None, excluding works of art, jewellery,

precious metals and antiques.

Financing requirements for imports/

exports

ƒ None.

Prohibited items

ƒ Imports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions, such as items deemed a threat

to fauna and flora, national security and for

moral reasons.

ƒ Exports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions.

Portugal imports exports

Trade information

Key trading partners

Imports by origin

EU 72.8%

Nigeria 2.7%

China 2.6%

Brazil 2.5%

Angola 2.0%

Other 17.4%

Source: WTO, September 2012

Exports by destination

EU 72.5%

Angola 5.5%

USA 3.5%

Brazil 1.4%

Mexico 1.1%

Other 16.0%