Portuguese exports slow due to European downturn and Chinese competition (eco.sapo.pt)

• Portuguese goods exports fell 6.4% y/y in Q1 2026
• EU Commission forecasts 0.6% export growth for Portugal in 2026
• Automotive, textile, and steel industries most affected

"Portuguese goods exports fell 6.4% year-on-year in Q1 2026, with their share of GDP dropping 1.5 points to 26.3%. The slowdown is driven by weak European demand—especially in Germany, France, and Spain—and rising competition from China and other Asian countries. The European Commission forecasts only 0.6% export growth for Portugal in 2026, below the EU average. Key sectors like automotive, textiles, and machinery are under pressure."