Portugal Balance of Trade 1950-2014 | Data | Chart | Calendar | Forecast

Portugal recorded a trade deficit of 862 EUR Million in August of 2014. Balance of Trade in Portugal averaged -436.12 EUR Million from 1950 until 2014, 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.

   
 
 

Portugal Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-862.00 -944.00 3.55 -2348.24 1950 - 2014 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 Tuesday, October 21, 2014.


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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-10 11:00 AM Portugal
Balance of Trade
May 2014 € -889M € -648M (R) € -871.1M
2014-08-08 11:00 AM Portugal
Balance of Trade
Jun 2014 € -789.5M € -873.6M (R) € -831.1M
2014-09-08 11:00 AM Portugal
Balance of Trade
Jul 2014 € -944M € -841M (R) € -916.6M
2014-10-10 11:05 AM Portugal
Balance of Trade
Aug 2014 €-862M € -944M € -841.5M
2014-11-10 11:00 AM Portugal
Balance of Trade
Sep 2014 €-862M € -879.5M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -862.00 -944.00 3.55 -2348.24 EUR Million [+]
Exports 3243.00 4449.00 4432.79 1.69 EUR Million [+]
Imports 4105.00 5365.00 5744.00 0.00 EUR Million [+]
Current Account 635.90 470.30 782.88 -2617.36 EUR Million [+]
Current Account to GDP 0.50 -2.00 3.10 -14.70 Percent [+]
External Debt 387984.00 382444.00 405641.00 212478.00 EUR Million [+]
Foreign Direct Investment 202.45 4727.55 6254.66 -3455.59 EUR Million [+]
Remittances 241.38 240.06 515.40 153.66 EUR Million [+]
Gold Reserves 382.51 382.51 606.76 382.48 Tonnes [+]