Skip Global Navigation to Main Content
  •  
Skip Breadcrumb Navigation
Transatlantic Trade and Investment Partnership

LATEST ON T-TIP

USTR PRESS RELEASES

TTIP Twitter Feed

WEEKLY COUNTRY PROFILE: Portugal

  • Portugal flag

    Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986.  Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors.

    Bilateral goods trade between the U.S. and Portugal exceeded 3.7 billion dollars in 2013.  Transportation and tourism are the largest areas of bilateral trade in services, as of 2012 

  • In 2013, Portugal had exports of $2.57 billion to the United States and $2.4 billion in Direct Investment in 2012.

     

  • In 2013, U.S. exports to Portugal totaled $835.3 million and had $390 million in Direct Investment in the country in 2011.

    chart

U.S.-EU Trade Stats

  • Icon for Jobs
    5 million EU jobs were supported by exports to the U.S. in 2008.
  • Icon for Trade
    Transatlantic trade represented 30% of global GDP in 2012.
  • Icon for Agriculture
    U.S. exported $9.9 billion in agricultural products to the EU in 2012.
  • Icon for Investments
    62% of U.S. Foreign Direct Investment comes directly from the EU.
  • Icon for Pharmaceuticals
    Pharmaceuticals accounted for 10% of U.S. imports from the EU in 2012.
  • Icon for Investments
    U.S.-EU investments in each others’ economies reached $3.7 trillion in 2011.