HomeCountries & Areas…Portugal hide Portugal Subscribe View Fact Sheet Embassies & Consulates Bureau of European and Eurasian Affairs International Travel Information What you need to know before you go: visas, Embassy & Consulate locations, vaccinations, etc. International Travel Information: Learn More Current Travel Advisories Level 1: Exercise Normal Precautions Learn More U.S. Relationship These are excerpts from the U.S. Relations With Portugal U.S.-Portugal Relations Bilateral Economic Relations U.S.-Portugal Relations United States-Portugal bilateral ties date from the earliest years of the United States, when Portugal recognized the United States in 1791 following the Revolutionary War. The oldest continuously operating U.S. Consulate in the world is located in Ponta Delgada on the island of Sao Miguel in the Azores. Contributing to the strong ties between the United States and United States-Portugal bilateral ties date from the earliest years of the United States, when Portugal recognized the United States in 1791 following the Revolutionary War. The oldest continuously operating U.S. Consulate in the world is located in Ponta Delgada on the island of Sao Miguel in the Azores. Contributing to the strong ties between the United States and Portugal are the presence of sizeable Portuguese communities in Massachusetts, Rhode Island, New Jersey, California, and Hawaii. Collapse U.S.-Portugal Relations Read more about U.S.-Portugal Relations Bilateral Economic Relations The United States is Portugal’s largest trading partner outside the European Union. Bilateral trade in goods and services reached $8.9 billion in 2019, a six percent increase from the previous year. In 2019, the United States exported $1.72 billion in goods to Portugal, with machinery, mineral fuels, aircraft, and vehicles as the leading products. The United States imported $3.89 The United States is Portugal’s largest trading partner outside the European Union. Bilateral trade in goods and services reached $8.9 billion in 2019, a six percent increase from the previous year. In 2019, the United States exported $1.72 billion in goods to Portugal, with machinery, mineral fuels, aircraft, and vehicles as the leading products. The United States imported $3.89 billion from Portugal during the same period, with mineral fuels, cork, and machinery in the lead. The stock of U.S. direct investment in Portugal reached $2.83 billion in 2018, and U.S. companies are significant investors in the technology, banking, pharmaceutical and chemical industries, among others. Portugal and the United States have enacted an income tax agreement to prevent double taxation, and signed an agreement on implementation of the Foreign Account Tax Compliance Act in August 2015. Collapse Bilateral Economic Relations Read more about Bilateral Economic Relations Integrated Country Strategies The Integrated Country Strategy is the four-year strategy articulating U.S. priorities in a given country. The Chief of Mission leads the strategy. View Integrated Country Strategies Investment Climate Statements The Investment Climate Statements analyze a variety of economies that are or could be markets for U.S. businesses and provide information on the business climates. View Investment Climate Statements Fiscal Transparency Report The Fiscal Transparency Report analyzes government transparency and identifies needed changes to improve public spending accountability. View Fiscal Transparency Report Discover More 2022 Country Reports on Human Rights Practices 2022 Report on International Religious Freedom 2023 Trafficking in Persons Report View all Department Reports and Publications Highlights February 26, 2024 Assistant Secretary of State Satterfield Travels to Portugal February 22, 2024 Lisbon, Portugal: Carlucci American International School of Lisbon: 2024 Special Needs Profile February 20, 2024 Partnership for Atlantic Cooperation Senior Officials Meeting October 18, 2023 Lisbon, Portugal: Carlucci American International School of Lisbon: 2023-2024 Fact Sheet July 14, 2023 Senior Coordinator for Atlantic Cooperation Lapenn’s Travel to Portugal and Belgium VIEW ALL NEWS Tags Bureau of European and Eurasian Affairs Portugal