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Country sheet · Q2 2026 · Aug 2025–Jul 2026

Portugal: where its funding comes from and where its goods go, each figure at its own period. The full board columns are on money-flow, the full trade network on trade-flow; this sheet keeps the join.

Stress signals · Q2 2026

0/6Firing: none: Both channels (J5)All seven signals for this economy →

Funding

Q2 2026
40rank 21 of 36
+6.8% a year, bank and bond funding
41%°A2, net reserves
−49%
020406020052008201120142017202020232026-2002020052008201120142017202020232026
(line) with the economy’s own shaded. Below, the : above zero funding comes in, below zero it leaves.

Spain21.1 · 37%
France17.1 · 30%
Luxembourg3.5 · 6%
Netherlands2.1 · 4%
Ireland1.7 · 3%
Sources

The five largest by loans and deposits on this economy, Q2 2026, residence basis. Offshore centres hold intragroup funding.

Open Portugal in money-flow → A1, A3, reserves by month, the external balance sheet and every board column are there.

Sources

money-flow method 1.4 as of Q2 2026; the release is in the footer. Calculations: datasteg. ° shown, not scored.

Trade

Aug 2025–Jul 2026
92.2USD bnExports y/y +5.7%
132USD bnImports y/y +9.3%
0.08concentration of destinations
0501002006200920122015201820212024
Tangerine exports, grey imports, USD bn, . The line stops where fewer than 90% of the economy’s usual flows are .

Where its goods go

Spain spliced18.9 · 21% · +11%
Germany11.0 · 12% · +5%
France spliced9.0 · 10% · +7%
United States6.4 · 7% · −3%
UK4.7 · 5% · +3%

Where its imports come from

Spain43.8 · 33% · +10%
Germany16.1 · 12% · +16%
France9.8 · 7% · +9%
Netherlands ≠9.1 · 7% · +23%
China7.3 · 6% · +22%

USD bn · share · y/y. where the importer has not filed. ≠ the two reports of this flow diverge from their usual ratio ().

· Aug 2025–Jul 2026

Top exports · 92.2 USD bn
HS chapterValueSharey/yNet
87 Vehicles & parts*12.213.2%+8%−5.0
85 Electronics & electrical*11.312.3%+10%−1.3
84 Machinery & computers*6.36.9%+11%−6.5
39 Plastics*3.74.0%+9%−1.9
30 Pharmaceuticals3.74.0%−14%−1.1
Other54.959.6%
Top imports · 132 USD bn
HS chapterValueSharey/yNet
87 Vehicles & parts17.313.1%+15%−5.0
84 Machinery & computers12.89.7%+19%−6.5
85 Electronics & electrical12.69.6%+12%−1.3
27 Mineral fuels & oil6.95.2%−31%−5.3
39 Plastics5.64.3%+6%−1.9
Other76.658.1%

Five largest per side over the 12-month window, US dollars. Share of the economy’s total exports or imports; y/y against the window a year earlier. Net is exports minus imports of the same chapter. * estimates are 10% or more of the row.

· 2024

ChainStageTop exporterIts import shareIts supplier
Solar photovoltaicsSolar modules0.36China 57% · Vietnam 13% · Thailand 7%1.6%China 87%
Cotton and polyester to clothingWoven and knitted fabric0.29China 53% · Türkiye 5% · Taiwan 5%0.5%Pakistan 20%
Chips and electronicsSmartphones0.44China 65% · Vietnam 8% · India 8%0.3%Spain 49%
Rare earths, magnets and motorsPermanent magnets of metal (NdFeB, SmCo)0.42China 64% · Japan 9% · Philippines 6%0.2%China 57%
AluminiumBauxite0.51Guinea 68% · Australia 19% · Brazil 3%0.0%China 48%
Lithium-ion batteries and electric carsLithium hydroxide0.61China 77% · Chile 10% · United States 7%0.0%United States 79%
Steel and carsIron ore (fines, lump, pellets)0.33Australia 52% · Brazil 24% · Canada 4%0.0%Netherlands 47%

Chain stages worth over $1bn where one exporter group holds most of world trade ( above 0.25: a ). This economy’s share of world imports of the stage and its top supplier; each row opens the chain on trade-flow with this economy in focus.

Open Portugal in trade-flow → The explorer with this economy in focus: every partner, every product window and the events that touched it.

Sources

Importer-reported where filed, partner-reported or estimated otherwise (marked), to Aug 2025–Jul 2026. Calculations: datasteg.

Replay a past withdrawal

What the economy’s worst past quarter of would mean on today’s stock: a calculation.

Q3 2013−7.3%of the stock, in one quarter
On today’s stock−11.9 bnstock 164 bn
Against net reserves22%

Open the scenario

Pair with

Goods, bank, portfolio and direct investment for one pair: the page only this site can draw.