From €4 million in 2022, the year the war began, revenues have soared to €87.3 million in 2025. Portuguese exports to Ukraine, five to ten times lower before the conflict, now represent double the sales to Russia.
Portugal's drone exports to Ukraine have risen sharply since the start of the full-scale invasion of the country by Russia. Portugal is now selling more drones to Ukraine than it ever sold to Russia — and the gap is widening fast.
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According to Jornal Económico, revenues from drone sales to Ukraine totalled €4 million in 2022, the year the conflict broke out, rising to €23 million in 2023 and €33 million in 2024.
Growth accelerated sharply in 2025, with revenues reaching €87.3 million. The largest Portuguese drone exporter to Ukraine is Tekever, a company based in Caldas da Rainha.
The surge has reshaped Portugal's broader trade relationships.
Ukraine climbed from 75th to 36th in the ranking of Portugal's export destinations between 2019 and 2025, while Russia fell from 34th to 50th over the same period — a decline surpassed among the top 100 destinations only by Cuba, which dropped 20 places, and Syria, which fell 19.
Before the war, Portuguese exports to Ukraine were five to ten times lower than sales to Russia.
By 2023 and 2024 that gap had narrowed to around 10%, and by 2025 Ukrainian purchases had pulled ahead to double those to Russia.
Overall, Ukrainian purchases from Portugal have jumped 110%, making Ukraine one of very few countries in the top 100 export destinations to record double- or triple-digit growth.
The trend may be further boosted by a deal signed in December between Portugal and Ukraine for the joint production of underwater drones.
