Portugal Balance of Trade 1950-2015 | Data | Chart | Calendar | Forecast

Portugal recorded a trade deficit of 983.65 EUR Million in April of 2015. Balance of Trade in Portugal averaged -440.93 EUR Million from 1950 until 2015, reaching an all time high of 3.55 EUR Million in May of 1955 and a record low of -2348.24 EUR Million in June of 2010. Balance of Trade in Portugal is reported by the Statistics Portugal.

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Portugal Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-983.65 -865.96 3.55 -2348.24 1950 - 2015 EUR Million Monthly
Portugal major exports are: clothing and footwear, machinery, chemicals, cork and paper products, hides, tungsten and wine. Portugal imports mostly machinery and transport equipment, chemicals, petroleum, textiles and agricultural products. European Union is by far its largest trading partner accounting for about 72% of total trade. This page provides - Portugal Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Portugal Balance of Trade - was last refreshed on Wednesday, July 1, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-09 11:10 AM Feb € -498M € -601M (R) € -851.1M
2015-05-11 11:00 AM Mar € -855M € -494M (R) € -890.5M
2015-06-09 11:05 AM Apr € -984M € -866M (R) €-745.8M
2015-07-10 11:00 AM May € -984M € -972M
2015-08-07 11:00 AM Jun € -891.1M
2015-09-08 11:00 AM Jul € -816.9M


Portuguese Trade Deficit Widens in February Over a Year Earlier


The trade deficit increased to EUR 795.0 million in February of 2014, from EUR 744.4 million a year earlier, as exports increased by 4.7 percent and imports rose by 5.0 percent. Compared with January of 2014, the gap decreased from a revised EUR 956.0 million.

In February of 2014, exports increased to EUR 3.9 billion from EUR 3.7 billion registered a year earlier, reflecting mostly the evolution of Intra-EU trade (spread to almost all groups of products, but mainly in vehicles and other transport equipment, plastic and rubber products, and clothing).

Imports increased to EUR 4.6 billion, from EUR 4.4 billion in February of 2013, due to higher Intra-EU trade since Extra-EU trade declined. Purchases increased mostly in vehicles and other transport equipment, mineral fuels and machinery, and mechanical appliances.

On a month-to-month basis, exports decreased by 2.6 percent. Imports decreased by 5.4 percent, as a result of the decline in Extra-EU trade (mostly due to mineral fuels), since Intra-EU imports increased. 

Reductions in exports and imports in February, were partly due to the planned stop of the Sines refinery for maintenance purposes during the month of March.

INE | Isabel Felino | isabel.felino@tradingeconomics.com
4/9/2014 11:59:31 AM


Recent Releases

Portugal Trade Deficit Widens in January on Rising Imports
Portuguese trade deficit widened to € 925 million in January of 2014, from a revised € 888 million deficit in December and a € 599 million gap a year earlier. Imports from countries outside the EU surged as bad weather conditions in December affected the normal working schedule of the port terminals.
Published on 2014-03-12

Portugal Posts the Lowest Trade Deficit in 17 Years
In 2013, Portugal’s trade deficit shrank 15 percent over the previous year to € 9.28 billion, the lowest deficit since 1996. The coverage rate reached 83.6 percent, corresponding to a 3.0 p.p. increase over a year earlier.
Published on 2014-02-10

Portuguese Trade Deficit Slightly Widens in October
In October of 2013, Portugal’s trade deficit increased slightly to € 1.09 billion, from € 0.9 billion in September and € 1.07 billion a year earlier. Both exports and imports rose for the second straight month to € 4.2 billion and € 5.3 billion, respectively.
Published on 2013-12-10

Portugal’s Trade Deficit Narrows in September
In September, Portuguese trade deficit narrowed to € 917 million, from € 927 million in August and € 1093 million a year earlier. Both imports and exports were up on the year, but shipments rose at a faster pace.
Published on 2013-11-11


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -983.65 -865.96 3.55 -2348.24 EUR Million [+]
Exports 4264.47 4390.46 4636.02 1.69 EUR Million [+]
Imports 5248.12 5256.42 5744.00 0.00 EUR Million [+]
Current Account -338.58 -37.98 848.08 -2590.60 EUR Million [+]
Current Account to GDP 0.60 1.40 3.10 -14.70 percent [+]
External Debt 412686.73 406637.91 421132.40 56392.07 EUR Million [+]
Foreign Direct Investment -519.35 14.74 6288.10 -3307.52 EUR Million [+]
Remittances 249.97 263.21 515.40 153.66 EUR Million [+]
Gold Reserves 382.51 382.51 606.76 382.48 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -3888.00 Apr/15 -1231.00 2254.00 -3888.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]