As an accounting and payroll English speaking firm in Portugal, OportoAccounting observes that the number of exporting companies is currently 40,000, has risen successively over in recent years in Portugal, a growing trend that was only interrupted in the pandemic years. The notable increase has been “especially significant” in the last two years, with more than 4,000 companies doing business abroad. By 2022, these companies contributed to 94 billion euros in exports, that is, about 40% of Portugal’s Gross Domestic Product (GDP).
A recent analysis reveals that between 2019 and 2022 the turnover of exporting companies grew faster than in companies that focused exclusively on domestic market, having registered an average annual rate of 11% in annual terms. This growth underscores the dynamic nature and resilience of Portugal’s export sector.
These regular exporters play a crucial role, representing 90% of the total value of Portugal’s foreign business in the last year. The consistent rise in the number of exporting companies and their significant contribution to the economy reflects Portugal’s growing presence in the global market, driving economic growth.
As English speaking accountant in Portugal, OportoAccounting is a firm that does business with international companies and foreign clients, also assist other companies in setting up in Portugal.
