Portugal

Bilateral relations is strengthening as Portugal looks at key developing economies like India to enhance trade and investment.

US$285m is the total valuation of Indian investments in Portugal.

Portugal ranks 51st in Foreign Direct Investment inflow into India.

Portugal's Golden Visa scheme aims to draw foreign investments.

US$ 1,356.34 mn
Bilateral trade in 2021-2022

US$ 104.1mn

FDI inflows from April 2000 to March 2021

81,000+
NRIs/PIOs currently live in Portugal

Entry

Firm entry-simplifying reform introduced by Portugal has boosted sectoral competition.

Economy

Portugal has reported strong export performance since 2010, as well as rising domestic demand.

STEM

Portugal offers leading opportunities in scientific and technological R&D and new innovation.

Defence

Talks are on to get Portuguese defence companies to participate in Make in India programme.

India-Portugal Bilateral Relations

A summary of the bilateral engagements between India and Portugal.

Agreements exchanged and announced during State Visit of President of Portugal

7 MoUs were exchanged and announced during State Visit of President of Portugal in February 2020

Documents signed during the Indo-EU Leaders' Meeting (May 2021)

The documents signed during the Indo-EU Leaders' Meeting include the India-EU Leaders’ Meeting Joint Statement, India-EU Connectivity Partnership, and the document recognizing the second round of financing for the Pune Metro Rail Project.

India's Exports and Imports to Portugal

Source: Department of Commerce

Dated: 07/02/2023
Values in US $ Millions

Country / Region: PORTUGAL

S.No.	\Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
1.	EXPORT	747.32	743.27	744.79	837.14	1,191.80
2.	%Growth		-0.54	0.20	12.40	42.37
3.	India’s Total Export	303,526.16	330,078.09	313,361.04	291,808.48	422,004.40
4.	%Growth		8.75	-5.06	-6.88	44.62
5.	%Share	0.25	0.23	0.24	0.29	0.28
6.	IMPORT	190.15	132.83	141.82	113.96	164.54
7.	%Growth		-30.15	6.77	-19.64	44.38
8.	India’s Total Import	465,580.99	514,078.42	474,709.28	394,435.88	613,052.05
9.	%Growth		10.42	-7.66	-16.91	55.43
10.	%Share	0.04	0.03	0.03	0.03	0.03
11.	TOTAL TRADE	937.47	876.09	886.60	951.10	1,356.34
12.	%Growth		-6.55	1.20	7.27	42.61
13.	India’s Total Trade	769,107.15	844,156.51	788,070.32	686,244.36	1,035,056.45
14.	%Growth		9.76	-6.64	-12.92	50.83
15.	%Share	0.12	0.10	0.11	0.14	0.13
16.	TRADE BALANCE	557.18	610.44	602.97	723.18	1,027.27
17.	India’s Trade Balance	-162,054.83	-184,000.33	-161,348.24	-102,627.40	-191,047.65

AICEP Portugal Global

+ 351 217 909 500

Visit Website

Rua de Entrecampos, nº 28 Bloco B – 12º Andar 1700-158 Lisboa

Portuguese Industrial Association - Chamber of Commerce and Industry

+351 213 601 021

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Praça das Indústrias 1300-307 Lisbon | Portugal

Chamber of Commerce Portugal India

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Rua Castilho 39,15º 1250-068 Lisbon Portugal

Embassy of India, Lisbon, Portugal

+351-21 304 1090

Visit Website

Rua Pero da Covilha, No. 16, Restelo, 1400-297, Lisbon, Portugal

Opportunities

Agricultural exports

Beer made from malt (220300)
Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
Whiskies (220830)
Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of >10 l (220429)

agriexchange.apeda.gov.in

Carcasses/half-carcasses of bovine animals, fresh/chilled (020110)
Cuts & edible offal of turkey, fresh/chilled (020726)
Guts, bladders & stomachs of animals (other than fish), whole & pieces ther … (050400)
Hams, shoulders & cuts thereof , fresh/chilled, bone-in (020312)
Meat of bovine animals, fresh/chilled (excl. of 0201.10), bone-in (020120)
Meat of bovine animals, fresh/chilled, boneless (020130)
Meat of bovine animals, frozen, boneless (020230)
Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), fresh/chilled (020319)

agriexchange.apeda.gov.in

Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)
Sweet biscuits (190531)

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Maize (corn), other than seed (100590)
Other barley excl seed (100390)
OTHER WHEAT AND MESLIN (100199)

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Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)

agriexchange.apeda.gov.in

Cheese (excl. of 0406.10-0406.40) (040690)
Ice cream & oth. edible ice, whether or not cont. cocoa (210500)
Yogurt (040310)

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Food preps., n.e.s. (210690)
Prepared foods obt. by the swelling/roasting of cereals/cereal prods. (190410)

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Apples, fresh (080810)
Bananas frsh or dried (080390)
Grapes, fresh (080610)
Guavas, mangoes & mangosteens, fresh/dried (080450)
Live plants, n.e.s., incl. their roots; mushroom spawn (060290)
Oranges, fresh/dried (080510)
OTHER CANE SUGAR: (170114)
Pineapples, fresh/dried (080430)
Potatoes other than seed potatoes, fresh/chilled (070190)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)

agriexchange.apeda.gov.in

Crustaceans; frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water (030617)
Fish, frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), excluding fillets, livers, roes and other fish meat of heading 0304 (030363)
Fish; dried, whether or not salted but not smoked, other than edible fish offal, cod (030551)
Molluscs, cuttle fish and squid, whether in shell or not, frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process (030749)
Molluscs; octopus spp.), frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process (030759)

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