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Brazil is strategic, and Portugal wants to sell more to Argentina, Uruguay and ParaguayPhoto by LoboStudioHamburg on Pexels
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Brazil is strategic, and Portugal wants to sell more to Argentina, Uruguay and Paraguay

Público14 September 2026 at 18:11

Of Portuguese exports to Mercosur, 94.9% are destined for Brazil, making the South American country Portugal's main trading partner within the bloc. This strong reliance on the Brazilian market led Portugal to seek to diversify its export destinations.

With the trade agreement concluded between the European Union and Mercosur, Portugal saw an opportunity to expand its sales to the remaining countries of the South American bloc. The Portuguese government expressed interest in exploring new trade opportunities in Argentina, Uruguay and Paraguay.

Brazil continues to be considered a strategic market for Portugal, but the agreement opens new perspectives for Portuguese exporters in the other three Mercosur members, allowing them to reduce the concentration of sales in a single country.

Why this matters

The EU-Mercosur agreement opens doors for Portuguese companies seeking to expand their sales to other South American countries beyond Brazil, potentially creating new export opportunities and jobs in Portugal. This trade shift follows directly from the ratification of the agreement between the blocs.

About this summary

This is our short summary of a report published by Público on 14 September 2026 at 18:11; the full text stays with the publisher. In our feed it sits under Business. We currently carry 22760 items in that section.

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