Economy

Although a substantial amount of continental Portugal is dedicated to agriculture, exports in farming do not make up the majority of the economy as they once did. Sure, Portugal has always exported its excellent wines, olive oil, fruits (particularly oranges from the Algarve), cherries and pears, but the country has become more focused on commerce in recent years.

More than one third of the country is covered by forests and thanks to the abundance of trees Portugal produces half of the world’s cork. It is also home to major companies including a world-renowned paper company, the world’s largest producer of wood-based panels and the oldest canned fish producer. The fishing industry remains present in Portugal.

Other main industries also include oil refineries, cement production, plastic products, textiles, construction, steel, footwear and leather and of course tourism.
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