The Portuguese tend to perceive American products as high quality but also expensive. U.S. firms should address price/quality competitive advantages when entering the Portuguese market. The Portuguese market is more extensive than it may initially appear. While Portugal has a population of around 10.7 million, over 250 million people worldwide speak Portuguese. Former Portuguese colonies — including Macau, Mozambique, Angola, and Brazil — maintain close business ties with Portugal. U.S. companies can often find pathways to these other markets, and the Portuguese trade and investment promotion agency (AICEP) actively promotes the country as a gateway economy into third markets, particularly in Lusophone Africa.
Portugal is an excellent entry point or test market for U.S. firms seeking to establish EU access. The country is politically stable, the crime rate is relatively low, the bilateral relationship is strong, English is widely spoken, and the population is highly educated and very friendly toward Americans. Both the physical and IT Infrastructures are well developed, and the cost of doing business in Portugal is significantly lower than in other Western European countries. Companies that have already penetrated one EU country will also have met most of the requirements for Portugal. From tech and renewable energy to tourism and real estate, Portugal’s dynamic economy presents attractive opportunities for U.S. firms.