Historically, Portugalete’s economy was heavily reliant on maritime trade, thanks to its strategic position along the Nervión River and its access to the Atlantic Ocean. Shipbuilding and port activities have long played a role in the city’s economic development. In modern times, Portugalete has diversified its economy, with tourism becoming a key industry. The city attracts thousands of visitors each year, drawn to its historical landmarks, cultural festivals, and scenic waterfront.
Other important economic sectors in Portugalete include manufacturing and services. The proximity to Bilbao, a major industrial and commercial hub, has spurred the development of various service-oriented businesses in the city. Portugalete is also known for its local craftsmanship, particularly in traditional Basque items such as textiles, ceramics, and artisanal food products.
Unique to the area is the production of txakoli, a slightly sparkling, dry white wine that is an essential part of the Basque culinary tradition. Portugalete and the surrounding Biscay region are known for this local wine, which is increasingly popular among visitors and plays a role in the city’s growing gastronomy tourism.