As climate is an important driver of vegetation distribution, climate change represents an important challenge to forestry. We (1) identify prevailing bioclimatic conditions for 49 relevant forest species in Portugal and (2) assess future shifts under climate change scenarios. We compute two bioclimatic indices (aridity and thermicity) and a new composite index, at *1 km spatial resolution, and overlap with the species' current ranges. Locations are based on a digital inventory, while climate parameters for both recent-past and future climates (2041-2060), under RCP4.5 and RCP8.5, are provided by a multi-model ensemble of climate simulations. Results for future scenarios highlight an overall warming and drying trend. Supramediterranean and mesomediterranean climates will be significantly reduced, while thermomediterranean climates will dramatically increase, from their almost absence in current conditions to an area coverage of *54 % in 2041-2060 for RCP8.5. There is also a clear shift from hyper-humid and humid to sub-humid and from the latter to semi-arid climates (area coverage of *13 % in 2041-2060 for RCP8.5). Lower thermomediterranean subhumid to semi-arid zones will cover the southern half of Portugal. These projections identify the most vulnerable (e.g. Betula pubescens, Quercus pyrenaica and Castanea sativa) and the most adapted (e.g. Quercus suber, Q. rotundifolia, Ceratonia siliqua, Pinus pinea, Quercus coccifera) species in future climates. Current bioclimatic zones associated with Eucalyptus globulus and Pinus pinaster, economically relevant species, will be moderately reduced and relocated. Possible adaptation measures are discussed to improve forest resilience to climate change, while maintaining its economic and environmental benefits.