Chamber of Madrid organizes a business mission to Portugal, a priority market

Spain is Portugal's first trading partner

The objective is to promote business cooperation and commercial exchanges between Spanish and Portuguese companies, through individual meeting agendas with the main agents in the market.

Portugal It constitutes a priority and close market for Spanish companies, with growth of 6,7% in 2022 and 1,6% in the first quarter of 2023, according to the IMF. Spain is Portugal's first trading partner and in 2022 Spanish exports grew by 23%. In addition, more than 2.700 Spanish companies currently have stable investments in the Portuguese country.

The Portuguese government is committed to sustainable development and innovation, increasing the investment in technology, especially in the development of start-ups and the promotion of digitalization.

El National Plan 2030, in turn, is committed to the modernization and development of the railway network, the most notable work being the construction of the new high-speed line between Porto and Lisbon, with an estimated investment of 4.500 billion euros.

Sectors

Product manufacturing sectors with a greater component of innovation and technology: automobile, aeronautics, ICT, biotechnology and healthcare; digital economy, petrochemical, logistics, blue economy (or sea economy), environmental technologies and renewable energies. These sectors are priorities, but not exclusive.

Any questions about this news?

Talk to Coexia, the AI ​​of the foreign trade

Enter Make another general inquiry

International business service providers

Finance

Aresbank

Aresbank is the bank of reference for financial and foreign trade operations between Spain and the MENA region.read more...

Finance

codes

COFIDES is a public-private company that offers financial support to the investments of Spanish companies abroad.read more...

Finance

BANK

ABANCA offers specialized financial solutions to support companies' international business.read more...

Finance

Banco Sabadell

Banco Sabadell is the fourth largest private banking group in Spain, comprised of several banks.read more...

Finance

Cajamar

The Cajamar Cooperative Group is the leading cooperative financial group in Spain, a benchmark for.read more...

Finance

Banco Santander

We drive business growth with tailored solutions, tools, and an expert team.read more...