Portugal sets new export record, outpacing previous accomplishments.
Layin' It Out: Exporting Companies in Portugal Breakdown
gonna dive into the nitty-gritty of exportin' companies in ol' Portugal, all based on the study "Exporting Companies in Portugal" by Informa D&B. First off, let me break it down for ya.
Portugal's North region exports a whopping 35% of the nation's total value, with about 42% of the companies from that region hoppin' on the export bandwagon. The Lisbon region ain't far behind, growin' by 1.8 percentage points in exportin' companies since 2019, with around 32% of its companies lettin' that sweet, sweet exportin' life take 'em over.
Informa D&B's study took a gander at data up to 2023, and they found that the size of a company played a role in their exportin' game. The majority of micro-enterprises, makin' up 94% of the business sector, are simply too small to dabble in exportin' – only 9% of 'em do it, aight. But flip that script, and you got the big boys representin' only 0.3% of the business sector, yet nearly half (56%) of 'em are exporters, accountin' for more than half (58%) of the overall export value.
Got ya close to fallin' asleep, right? Wake up! The Portuguese are exportin' like crazy in these main sectors: industries, business services, and wholesalers. Together, they make up a hefty 56% of exportin' companies. But the Information and Communication Technology sector is risin' like a phoenix, now reppin' a cool 12% of the total.
Speakin' of risin' like a phoenix, the number of exporters has been climbin' for a decade, culminatin' in over 5,000 new exporters poppin' up between 2020 and 2023. Now, you'd think that with all that exportin' goin' on, the economy would be thrivin', and you'd be right. Exports took up near half (48%) of the national GDP in 2023, almost double what it was 20 years ago.
HOWEVER, produc thoroughly explains the slowdown in exporters' business in 2023. Seems that the decline in exports of goods kinda put a damper on things, while services registered growth in 2023. Ain't all doom and gloom, though. Three-quarters (72%) of exports consist of good ol' fashioned goods (like ya mama used to make), but the majority of exportin' companies (56%) are makin' coin from the sale of services.
Well, there ya have it, folks. A sick breakdown of exportin' companies in Portugal, courtesy of Informa D&B's study. Keep on keepin' on, exporters!
In the study titled "Exporting Companies in Portugal" by Informa D&B, the finance sector plays a crucial role in the country's export industry, particularly in the Lisbon region where a significant number of companies in this sector have ventured into exports. Furthermore, the Information and Communication Technology sector has shown a remarkable rise, accounting for 12% of the total exports, signifying a positive trend in the technology industry of Portugal.
