Portuguese metal breaks export record in November – Industry

The most exporting Portuguese industry has overcome the pandemic and breaks records. “The month of November 2021 proved to be the best month ever in terms of exports of Metal Portugal”, emphasizes the sector association.

In the penultimate month of 2021, the Portuguese metallurgy and metalworking sector recorded a record volume of exports of 1,964 million euros, exceeding the previous maximum that had been reached in March (1,926 million euros).

“This mark is reached in a year that started on a constant growth trend, with 8 of the top 10 marks having been reached during the pandemic period”, highlights the Associação dos Industriais Metalúrgicos, Metalomecânicos e Afins de Portugal (AIMMAP).

“The month of November 2021 thus enters the history of exports of Metal Portugal, representing a year-on-year growth of 9.7%, and the comparison with the pre-pandemic period also proves to be positive, with growth of 0.8% compared to 2019”, emphasizes the same association.

Metal Portugal is the brand used by this sector in international markets.

AIMMAP points out that “this growth compared to the record year of 2019 takes place in a context in which the energy and fuel crisis continues to affect the action of companies in the sector, as well as the rampant rise in raw material prices, the scarcity of these same , and the considerable increase in the cost of transport”.

“This growth trend continues to be due to a considerable growth between the months of January and November 2021 of 42% compared to the same period in 2019 in extra-community markets such as Japan, China, Australia, Morocco, Turkey or Australia”, signals.

A geographical diversification that is accompanied by traditional markets such as Spain, France, Italy, the United Kingdom and Germany, which “hold the largest share of Metal Portugal exports with 79.4%”.

“We are increasingly sure that the year 2021 will be the record year, surpassing the year 2019. This is a record that we are very proud of for being able to denote that companies have overcome a set of challenges never faced simultaneously, since the pandemic crisis to increases in the cost of raw materials, transport, energy and fuel, as well as the pressing difficulty in hiring manpower, an essential factor to meet the demand of foreign markets”, says Rafael Campos Pereira, deputy president of AIMMAP.

For this association leader, “the impressive performance of Metal Portugal reveals a great resilience of its companies, which knew how to reinvent themselves in this troubled period”.

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