ECONOMY
Industry:
The major industries include:
- oil refineries,
- petrochemistry,
- cement production,
- automotive and ship industries,
- electrical and electronics industries,
- machinery,
- pulp and paper industry,
- injection moulding,
- plastic products,
- textile,
- footwear,
- leather,
- furniture,
- ceramics,
- beverages and food industry and
- cork (leader producer).
Automotive and other mechanical industries are primarily located in and around Setúbal, Porto, Lisbon, Aveiro, Braga, and Santarém. Coimbra and Oeiras have growing technological-based industries, including pharmaceuticals and software. Sines is a major petrochemical center. Maia has one of the largest industrial parks of the country, including noted wood processing and food industries. Figueira da Foz is a major center of pulp and paper industry. Marinha Grande is the most reputed glass making center of Portugal. Leiria, Oliveira de Azeméis, Vale de Cambra and Viseu, have important light industries, including injection moulding and plastics. Alverca, Covilhã, Évora, and Ponte de Sor are the main centers of the Portuguese aerospace industry.
Agriculture:
A considerable part of continental Portugal is dedicated to agriculture, although it does not represent most of the economy. The south has developed an extensive monoculture of cereals and olive trees and the Douro Valley in vineyards. Olive trees (4,000 km²; 1,545 sq mi), vineyards (3,750 km²; 1,450 sq mi), wheat (3,000 km²; 1,160 sq mi) and maize (2,680 km²; 1,035 sq mi) are produced in vast areas.
Portuguese wine and olive oil are especially praised by nationals for their quality, thus external competition (even at much lower prices) has had little effect on consumer demand. Portugal is a traditional wine grower, and has exported its wines since the dawn of western civilization; Port Wine, Vinho Verde and Madeira Wine are the leading wine exporters.
Portugal is also a quality producer of fruits, namely the Algarve oranges, cherries (large production in Cova da Beira and Alto Alentejo), and Oeste region's pêra rocha (a type of pear). Other exports include horticulture and floriculture products, beet sugar, sunflower oil, cork, and tobacco.
The Portuguese fishing industry is fairly large and diversified. Fishing vessels classified according to the area in which they operate, can be divided into local fishing vessels, coastal fishing vessels and long-distance fishing vessels. The local fleet is mainly composed of small traditional vessels (less than 5 GRT), comprising, in 2004, 87% of the total fishing fleet and accounting for 8% of the total tonnage.
The most important fish species landed in Portugal in 2004 were sardine, mackerel and horse mackerel, representing 37%, 9% and 8% of total landings by weight, and 13%, 1% and 8% of total value, respectively. Molluscs accounted for only 12% of total landings in weight, but 22% of total landings in value. Crustaceans were 0.6% of the total landings by weight and 5% by value.
Research & Development:
In Portugal, a network of research and development units belonging to public universities and state-managed autonomous research institutions like the INETI - Instituto Nacional de Engenharia, Tecnologia e Inovação, the INRB - Instituto Nacional dos Recursos Biológicos, the INSA - Instituto Nacional de Saúde Dr. Ricardo Jorge, the IPO - Instituto Português de Oncologia, and the LNEC - Laboratório Nacional de Engenharia Civil, makes the core of Portugal's science and technology research output.
The funding of this research system is mainly conducted under the authority of the Ministry of Science, Technology and Higher Education, namely through its foundation for science and technology, the FCT - Fundação para a Ciência e Tecnologia. The largest R&D units of the public universities (over 380 units in total which are distributed across 14 public universities) by number of peer-reviewed publications and research grants, include the IPATIMUP and the Instituto de Biologia Molecular e Celular, both at the University of Porto, the Instituto de Medicina Molecular at the University of Lisbon, or the Center for Neuroscience and Cell Biology at the University of Coimbra, among others.