Portugal Balance of Trade  1950-2017 | Data | Chart | Calendar | Forecast

The Portuguese trade deficit narrowed to €821 million in March 2017 from €1,062 million in the same month a year earlier. Exports jumped 23.9 percent to a record high of €5.26 billion, due to higher sales of fuels and lubricants (85.4 percent), food products and beverages (28.6 percent) and machinery and other capital goods (24.6 percent). Exports rose mainly to Spain (16.3 percent), the US (64.7 percent), France (19 percent) and Germany (22.3 percent). Imports rose at a slower 14.6 percent also to an all time high of €6.08 billion, boosted by higher purchases of machinery and other capital goods (22.5 percent), industrial supplies (19.3 percent) and fuels and lubricants (14.1 percent). Among trading partners, imports rose mainly from Spain (13.9 percent), Germany (22 percent) and Russia (252.9 percent). In the first quarter of the year, the trade deficit widened to €2.59 billion from €2.44 billion in the same period of 2016. Balance of Trade in Portugal averaged -454.38 EUR Million from 1950 until 2017, 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.

Portugal Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-13 11:00 AM Jan €-941M €-1383M €-702M
2017-04-10 10:00 AM Feb €-746M €-962M €-922M
2017-05-10 10:00 AM Mar €-821M €-790M
2017-06-09 10:00 AM Apr €-821M
2017-07-10 10:00 AM May
2017-08-09 10:00 AM Jun




Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -821.24 -790.16 3.55 -2348.24 EUR Million [+]
Exports 5262.11 4369.65 5262.11 1.69 EUR Million [+]
Imports 6083.35 5159.82 6083.35 0.00 EUR Million [+]
Current Account 190.40 32.50 1102.30 -2590.60 EUR Million [+]
Current Account to GDP 0.70 1.40 3.10 -14.70 percent [+]
External Debt 402624.84 398850.13 421132.40 56392.07 EUR Million [+]
Capital Flows 532.49 203.44 1798.15 -2366.47 EUR Million [+]
Foreign Direct Investment 1522.94 880.75 6288.10 -3307.52 EUR Million [+]
Remittances 289.43 333.42 515.40 153.66 EUR Million [+]
Tourism Revenues 848.98 677.48 1763.55 199.98 EUR Million [+]
Gold Reserves 382.48 382.51 606.76 382.48 Tonnes [+]
Tourist Arrivals 2708356.00 1944420.00 4990469.00 88000.00 [+]
Terrorism Index 0.06 0.27 1.85 0.00 [+]
Weapons Sales 7.00 18.00 101.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Portugal Balance of Trade Notes

In 2016, Portugal major exports were motor vehicles, trailers and semi-trailers; and major imports were chemicals. The largest trade deficits were recorded with Spain, Germany, Italy and the Netherlands, while the biggest trade surpluses were recorded with the United Kingdom, the United States, France and Angola. This page provides - Portugal Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-821.24 -790.16 3.55 -2348.24 1950 - 2017 EUR Million Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico -183.00 Mar/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17