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Industry revenue of “freight transport by road“ in Portugal 2011-2023

The Portuguese road freight transport industry is expected to witness a tepid but steady increase in revenues over the short to medium term from 6.4 billion U.S. dollars in 2017 to 6.8 billion U.S. dollars in 2023. One of the reasons for this is the great quality and strong network of roads in the country. According to a recent report by the European Commission, Portugal ranks second among EU member states in terms of road quality, behind only the Netherlands. Another study by the World Economic Forum (WEF) places the country at fourth position in Europe and eighth globally.

Despite having some of the best roads in the world, Portugal continues to lag behind its European counterparts in terms of safety, having registered almost 60 deaths per thousand population in 2018. In order to tackle this problem, the government has initiated a program to build smart roads in the country with the entire project expected to be completed by 2050. It is being developed by a company called C-Roads in cooperation with the EU and is expected to cover all major trade routes including the urban areas of Lisbon and Porto. The completion of this project is expected to have a positive impact on road freight transport in the country.

Industry revenue of “freight transport by road“ in Portugal from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Portugal. The industry “freight transport by road“ has the code “H4941“.

Details on the methodology can be found here.

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