The relationship between Brazil and Portugal reached a new level in 2025. According to the study ” Portugal Trade and Investment Profile 2025 ,” published by ApexBrasil, bilateral trade reached US$4.7 billion in 2024 , consolidating Portugal as one of Brazil’s main European partners.
During the Web Summit Lisbon 2025 , an event in which consultant Bruno Santiago actively participated, it became clear that the connection between the two countries goes beyond cultural and historical ties: it is a strategic move for companies that want to compete in international markets.
Top 5 products exported by Brazil to Portugal
Brazil recorded an average growth of 20.9% in exports to Portugal between 2020 and 2024. The highlights for 2024 were:
- Crude petroleum oils (65.4% of total exports, US$ 2.27 billion)
- Fuel oils derived from petroleum (6.7%, US$ 234 million)
- Aircraft and aerospace equipment (3.8%, US$ 134 million)
- Rolled iron and steel products (3.4%, US$ 117 million)
- Soybeans (2.5%, US$ 87 million)
Top 5 products imported by Brazil from Portugal
Trade flows are dynamic, and Brazil also imports high value-added products from Portugal.
- Vegetable fats and oils (mainly olive oil) – 37.3%, US$471 million
- Aircraft and equipment – 15.1%, US$ 191 million
- Alcoholic beverages (wines, spirits) – 6.5%, US$ 81 million
- Fish fillets and meat – 6%, US$ 75 million
- Fresh or dried fruits and nuts – 4.9%, US$ 62 million
Technology as a strategic opportunity
Beyond the trade of goods, technology stands out as a bridge to internationalization. The ApexBrasil report points to sectors linked to ICTs, electronic games (ABRAGAMES), software (SOFTEX), and aerospace as areas with strong potential for cooperation. Brazilian startups and SMEs are already finding in Portugal an entry point to the entire European Union, taking advantage of innovation hubs, digital ecosystems, and the bloc’s regulatory convergence.
Brazilian community in Portugal
Portugal currently hosts over 400,000 Brazilian residents (INE Portugal, 2024), forming the largest foreign community in the country. This contingent not only influences the demand for Brazilian products (such as food and beverages), but also functions as a support network for companies wishing to establish themselves in the country and the European Union.
Partner entities for business cooperation
To transform data into action, it’s essential to connect with institutions that promote networking, market intelligence, and strategic support. Some important resources include:
- BCCC – Brazil-Canada Chamber of Commerce: https://www.brazilcanchamber.org
- CCBC – Brazil-Canada Chamber of Commerce: https://ccbc.org.br
- Portuguese-Brazilian Chamber of Commerce and Industry (CCILB): https://www.ccilb.net
- ApexBrasil: https://www.apexbrasil.com.br
- Invest Lisboa: https://www.investlisboa.com
- StartUp Portugal: https://startupportugal.com
- AICEP – Agency for Investment and Foreign Trade of Portugal: https://www.portugalglobal.pt
These entities function as gateways to business connections, support programs, and international expansion.
The 2025 outlook confirms that Brazil and Portugal are at a strategic point of rapprochement. Traditional sectors such as oil, food, and beverages remain relevant, but technology is emerging as a driver of internationalization for Brazilian companies. The strong presence of the Brazilian community, combined with the support of institutional entities, creates a fertile ecosystem for SMEs wishing to explore opportunities in the European market from Portugal.
Despite all the opportunities identified, many small and medium-sized Brazilian companies still treat internationalization as an emergency process, guided by immediate needs rather than strategy. Portugal is a springboard to the European Union, but few companies are actually exploring available innovation programs, academic cooperation, and technology hubs. The risk lies not in a lack of market, but in a lack of medium- and long-term planning. Those who manage to align product, brand narrative, and digital strategy will have a much better chance of consolidating themselves in this competitive landscape.