The Canadian market is increasingly important to Portuguese export-oriented companies, while the European market offers Canada an opportunity to diversify its traditional trade relationships.

Although, trade flows between Canada and Portugal are modest, during the last 26 years the exports of Portugal to Canada have increased at an annualized rate of 4.76%, from $142M in 1995 to $477M in 2021. During the same period, the exports of Canada to Portugal have increased at a slower annualized rate of 4.1%, from $96M in 1995 to $273M in 2021.  

• In 2021, Portugal exported $477M to Canada. The main products being wine ($60.7M), house linens ($28.1M), and rubber tires ($23.1M). 
• In 2020, Portugal exported services to Canada worth $97.1M, with travel ($97.1M) being the largest in terms of value.
• In 2021, Canada exported $273M to Portugal. The main products being planes, helicopters, and/or spacecraft ($112M), corn ($30.2M), and soybeans ($23.3M). 
• In 2020, Canada exported services to Portugal worth $55.9M, with transportation ($20.1M), computer and information services ($18.6M), and travel ($11.2M) being the largest in terms of value.

The Chamber is committed to strengthening bi-lateral trade relationships between Canada and Portugal and to taking advantage trade agreements such as the Comprehensive Economic and Trade Agreement between Europe and Canada.