{"id":44003,"date":"2026-07-09T11:36:49","date_gmt":"2026-07-09T08:36:49","guid":{"rendered":"https:\/\/ces.org.ua\/?p=44003"},"modified":"2026-07-09T11:33:52","modified_gmt":"2026-07-09T08:33:52","slug":"portugal","status":"publish","type":"post","link":"https:\/\/ces.org.ua\/en\/portugal\/","title":{"rendered":"Portugal"},"content":{"rendered":"\n\n
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Ukraine & Portugal economic dialogue<\/h2>\n <\/div>\n
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\u20ac208 mln<\/h4>\n

PT runs a persistent trade deficit with UA (\u20ac208 mln in 2024), driven by Portuguese imports of grain and oilseeds<\/p>\n <\/div>\n

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the 4th<\/h4>\n

Ukrainians are the 4th largest foreign community in PT; 59,015 under temporary protection in December 2025 \u2014 71% of them of working age<\/p>\n <\/div>\n

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\u20ac243 mln<\/h4>\n

PT service exports to UA surged to \u20ac243 mln in 2022, driven \r\nby refugee spending<\/p>\n <\/div>\n

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\u20ac7 mln<\/h4>\n

PT’s FDI in UA remains limited (\u20ac7 mln) but defence-industrial cooperation is expanding<\/p>\n <\/div>\n <\/div>\n \n \n

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Centre for Economic Strategy (CES), an independent Ukrainian think tank that analyzes key public policies and promotes support for reforms.<\/p>\n

With donor support, CES has launched a series of studies on trade relations between Ukraine and the European Union countries.<\/p>\n<\/div>\n <\/div>\n \n \n

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Free movements of goods and services<\/h2>\n <\/div>\n\n
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PT imports more from UA than it exports, with the deficit reaching \u20ac208 mln in 2024. Agricultural products \u2014 maize, wheat, rapeseed, and sunflower oil \u2014 dominate imports<\/p>\n <\/div>\n

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PT\u2019s exports have transformed since 2022: telecommunications and optical instruments, including components used in drone systems, now account for over 53% of total exports<\/p>\n <\/div>\n

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PT maintained a services surplus post-2022, driven by refugee spending. The surplus peaked at \u20ac215 mln in 2022, before stabilising at \u20ac69\u201379 mln in 2023\u20132024 \u2014 still well above pre-war levels<\/p>\n <\/div>\n

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On the UA\u2019s side, IT and telecoms (~27%) form the largest category, with Intellias and Sigma Software opening offices in PT in 2022<\/p>\n <\/div>\n <\/div>\n \n \n

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Trade Balance UA-PT 2024<\/h2>\n
\n Top-5 goods of Portugal-Ukraine trade in 2024, \u20ac mln <\/div>\n <\/div>\n\n \n
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Free movement of persons and capital<\/h2>\n <\/div>\n\n \n \n \n \n \n \n \n \n
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4th<\/div>\n

UA ranks 4th among PT’s foreign communities, with 79,232 Ukrainians as of 2024<\/p>\n <\/div>\n \n \n

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59,015<\/div>\n

under temporary protection in December 2025 (up from 23,930 in March 2022), of whom 71% are of working age \u2014 a labour market asset for a country facing demographic decline and shortages in healthcare, metalworking, and IT<\/p>\n <\/div>\n \n

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\u20ac7 mln<\/div>\n

PT’s FDI in Ukraine remains modest (\u20ac7 mln), concentrated in three companies \u2014 Metalogalva, Heliflex, and Fapomed<\/p>\n <\/div>\n \n

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The 2024 security agreement (\u20ac126 mln in military support) and December 2025 Magura naval drone co-production deal mark a shift towards strategic defence-industrial partnership<\/p>\n <\/div>\n <\/div>\n \n \n \n \n

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Ukrainians in Portugal (thousands), 2025<\/h2>\n <\/div>\n\n \n
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Tighter co-operation potential<\/h2>\n <\/div>\n\n
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    PT’s oilseed processing industry already relies on Ukrainian raw materials \u2014 deepening this into joint processing ventures is a natural next step.<\/p>\n <\/li>\n

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    Beyond agriculture, priority sectors where PT’s industrial capabilities complement UA’s recovery needs include defence, mechanical engineering, pharmaceuticals, renewable energy, and digitalisation.<\/p>\n <\/li>\n <\/ul>\n <\/div>\n \n \n

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    Interesting fact<\/h2>\n <\/div>\n
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    Ukraine supplies more maize to Portugal than any other country (41.6% of maize imports), helping sustain a livestock sector that consumes 95% of Portugal\u2019s maize.<\/p>\n

    Tekever \u2014 a Portuguese unicorn valued at \u20ac1.2 billion \u2014 has supplied AR3 surveillance drones to Ukraine since 2022, logging over 10,000 operational flight hours on the frontline.<\/p>\n <\/div>\n

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    The brochure is produced by Centre for Economic Strategy with the support of the Askold and Dir Fund as a part of the the Strong Civil Society of Ukraine \u2014 a Driver towards Reforms and Democracy project, implemented by ISAR Ednannia, funded by Norway and Sweden. The contents of this publication are the sole responsibility of Centre for Economic Strategy and can in no way be taken to reflect the views the Government of Norway, the Government of Sweden and ISAR Ednannia.<\/p>\n<\/div>\n <\/div>\n\n \n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":13,"featured_media":44056,"comment_status":"closed","ping_status":"open","sticky":false,"template":"templates\/template-country-research.php","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[197,200],"tags":[660],"experts":[462,683],"news_type":[],"class_list":["post-44003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-list-en","category-news-list-en","tag-eu-partnerships","experts-maksym-samoiliuk-en","experts-mariana-melnyk"],"acf":[],"_links":{"self":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/44003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/comments?post=44003"}],"version-history":[{"count":10,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/44003\/revisions"}],"predecessor-version":[{"id":44061,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/44003\/revisions\/44061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media\/44056"}],"wp:attachment":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media?parent=44003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/categories?post=44003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/tags?post=44003"},{"taxonomy":"experts","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/experts?post=44003"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/news_type?post=44003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}