Portugal: Exports 62% of engineering turnover; growth outstrips manufacturing

Page created: Thursday, 6 April 2017 8:50 GMT

Aveiro   Engeneering  Exports  Porto  Setúbal  Turnover

Lisbon, Apr. 5 (Lusa) – Exports in 2015 represented 62% of the turnover of Portugal’s engineering sector, up eight points from 2011, according to a Bank of Portugal study that shows the industry as dominated by micro-enterprises and clustered in Aveiro, Setúbal and Porto districts.

In 2015, the sector’s turnover rose 5%, faster than manufacturing in general for the second straight year.

According to the study, growth came across all segments, with the rate ranging from 2% in micro-enterprises to 6% in small and medium-sized enterprises(PME). For transport equipment, turnover was up 10% while for metallic and electrical products it was up 5%’; in “basic metallurgy” it was down 6%.

In the year in question, one in five companies in the industry was an exporter, against 15% for all manufacturing and 6% for all companies in Portugal. Exporters accounted for 83% of the total sector volume and 69% of jobs.

The industry comprised 2% of companies in Portugal, at 9,700, and represented 7% of total turnover and 6% of jobs.

Although 72% of sector companies are micro-enterprises, the largest 1% dominated in turnover, accounting for 53% of the total. However, small and medium-sized enterprises accounted for 57% of jobs.

While Aveiro had 20% of total turnover, the sector accounted for a larger share of business turnover in Bragança and Viana do Castelo districts, where it accounted for 35% and 33% of all local companies’ turnover respectively.