Portugal news – Production in Portugal's automotive industry ramped up in August with an increase of 8.3%, compared to the same period in 2023. The type of vehicles produced in Portugal in August were distributed in 8,701 passenger cars, 3,818 light goods vehicles and 55 heavy vehicles.
Data related only to the assembly of motor vehicles in Portugal from January to August 2024, shows a growth of 74.6% for the assembly of heavy vehicles compared to the same period in 2023, representing 199 vehicles assembled in 2024, according to ACAP. During the first eight months of 2024, only heavy passenger vehicles were assembled in Portugal.
With car exports increasing, what are the main markets of Portugal's automotive industry?
Here are the Top 4 export markets of Portugal's automotive industry:
1 – Germany
While Europe is the main regional market for Portugal's automotive industry, Germany ranks No 1 market for automotive exports from Portugal with 23.3%.
2 – Italy
Italy ranks 2nd main market for automotive exports from Portugal with 13.4%.
3 – France
France ranks 3rd main market for automotive exports from Portugal with 11.2%.
4 – Spain
Spain ranks 4th main market for automotive exports from Portugal with 9.2%.