Portugal

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About Portugal

Portugal, officially known as Portuguese is among the oldest nations of Europe and has its clout in colonization across the world. Their colonies spread across the world right from parts of Indonesia, parts of India, Africa, and South America. Portuguese being excellent sea explorers were the first to start searching for new routes and new lands. It was them who first set on a voyage to find a new sea route to India when Ottoman Turks cut down the trade route to India after they captured Constantinople (ancient Istanbul).

Economically Portugal is considered as a developed and high-income country. However the country suffered a setback during the 2008 global economic crisis.

The country’s economy is based on Agriculture, Fishing, Mining, and the Portuguese wine. The country is famous for wheat and cork production. It is also famous for a variety of vegetable and livestock products that includes barley, rice, maize, mushrooms, dairy products, poultry, and beef.

Forestry also adds to the economy in terms of engineer wood, furniture, and paper industry.

Portugal is known for mining of Copper, Tin and Gold.

The manufacturing sector in Portugal caters to automotive, aerospace, electronics, textiles, chemicals, etc.

Country Facts

 

Basic Details
RegionWestern Europe
Capital CityLisbon
Government TypeUnitary semi-presidential constitutional republic
Official LanguagesEnglish, Spanish, or French, Mirandese
CurrencyEuro, EUR
Phone Code +351
Important CitiesLisbon, Porto, Amadora, Braga, Setubal, Coimbra, Queluz, Funchal
National DayRestoration of Independence Day (1st Dec)
Economy
Ease of Doing Business Ranking39 (Very Easy)
Primary Industriestextiles and footwear, wood pulp, paper, and cork, metals and metalworking, oil refining, chemicals, fish canning, rubber and plastic products, ceramics, electronics and communications equipment, rail transportation equipment, aerospace equipment, ship construction and refurbishment
Major ExportsRefined Petroleum, Cars, Vehicle Parts, Leather Footwear, Uncoated Paper.
Major Exports to IndiaAnimal, Food Products, Footwear, Transportation, Vegetables, Minerals, Hides and skins, Stone and Glass, Fuels, Textiles and Clothing
Major ImportsCrude Petroleum, Vehicle Parts, petroleum gas and medicaments.
Major Imports from IndiaTextiles and Clothing, Metals, Plastic or Rubber, Chemicals, Animal, Footwear, Machinery and Electricals, Raw materials, Transportation, Hides and skins
Foreign Relations
Trade Agreements with IndiaBilateral Agreement on Trade, Economic, Industrial and Technical Cooperation, MoU on: Renewable Energy, field of Civil Aviation, Marine Research and Resources, Invest India and Startup Portugal on Startup Partnerships field of Agriculture and Allied Sectors
Bordering NationsSpain
Member ofAntarctic treaty system(ATS), European Communities(EC), European Economic Area(EEA), European Union(EU), North Atlantic Treaty Organization(NATO), Organisation for Economic Co-operation Development(OECD), Organization of Ibero-American States(OIAS), Organization for Security and Co-operation in Europe(OSCE), United Nations(UN), Union for the Mediterranean(UfM), World Trade Organization(WTO)
Indian Embassy DetailsH.E. K. Nandini Singla
Honourable Ambassador
Embassy of India
Rua Pero da Covilha, 16, Restelo, Lisbon 1400-297, Portugal
Email: amb.lisbon@mea.gov.in
Phone: 00351 – 213041090 and 213041091
Embassy Details in IndiaH.E. Mr. Carlos Jose de Pinho e Melo
Honorable Ambassador
Embassy of Portugal
No.4, Panchsheel Marg, Block B, Diplomatic Enclave, Chanakyapuri, New Delhi, Delhi 110021.
Email: icep.newdelhi@portugalglobal.pt embassy@portugal-india.com consular@portugal-india.com emportin@ndf.vsnl.net.in
Phone: (+91) 1146071031/32/33 011 4607 1006, + (9111) 460 71002