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Portugal Tariff Rate

Portugal's tariff rate fell to 1.95% in 2022, down from 2.24% in 2021, according to World Bank. This represents a decrease of 0.29% from the previous year. Portugal has tariff rate lower than the global median (1.95% vs median 5.90%). Within Europe, it ranks 31st out of 40 countries.

Yearly Historical Data (2000-2022)

(in %)
Year Tariff Rate (%)
2022 1.95%
2021 2.24%
2020 1.71%
2019 2.55%
2018 2.46%
2017 2.48%
2016 2.48%
2015 2.73%
2014 2.76%
2013 2.21%
2012 2.28%
2011 2.3%
2010 2.78%
2009 2.44%
2008 2.37%
2007 2.53%
2006 2.75%
2005 2.68%
2004 2.64%
2003 2.54%
2002 2.57%
2001 4.26%
2000 3.3%
Portugal Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Portugal on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $83.01B $83.62B 2024
Annual Imports $112.64B $113.69B 2024
Balance of Trade -€3B -€3.3B Aug'25
Exports €5.1B €7B Aug'25
Exports (% GDP) 46.48% 47.51% 2024
FDI Inflows (% GDP) 4.27% 3.95% 2024
Imports €8.1B €10.3B Aug'25
Imports (% GDP) 44.66% 46.36% 2024
Net Trade (Goods & Services, BoP) $7.26B $4.32B 2024
Trade (% GDP) 91.14% 93.86% 2024