Portugal Balance of Trade  1950-2016 | Data | Chart | Calendar | Forecast

The Portuguese trade deficit increased to €870 million from a €800 million gap a year earlier. Exports fell 3.5 percent to € 4,368 million dragged down by a decrease in sales to the EU countries (-4 percent) and to the countries outside the EU (-2.2 percent). Sales declined for consumer goods (-1.4 percent); transport equipment and parts (-4 percent); food and beverages (-4.1 percent) and industrial supplies (-8.1 percent). In contrast, exports rose for fuels and lubricants (+5 percent) and capital goods (+2.1 percent). Imports fell at a slower 1.7 percent to € 5,238 million, as purchases from the countries outside the EU decreased 6.4 percent. Imports went down the most for: fuels and lubricants (-7.9 percent); industrial supplies (-5.9 percent) and food and beverages (-5.3 percent). Balance of Trade in Portugal averaged -451.18 EUR Million from 1950 until 2016, 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)
2016-10-10 10:00 AM Aug €-1160M €-550M € -774.8M
2016-11-09 11:00 AM Sep €-921M €-1156M € -980.8M
2016-12-09 11:00 AM Oct €-870M €-927M €-736.1M
2017-01-09 11:00 AM Nov -869
2017-02-10 11:00 AM Dec -868.61
2017-03-10 11:00 AM Jan -898.62




Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -870.35 -926.86 3.55 -2348.24 EUR Million [+]
Exports 4367.61 4418.65 4696.48 1.69 EUR Million [+]
Imports 5237.96 5345.52 5744.00 0.00 EUR Million [+]
Current Account 212.57 490.25 1053.93 -2590.60 EUR Million [+]
Current Account to GDP 0.70 1.40 3.10 -14.70 percent [+]
External Debt 396247.94 397041.84 421132.40 56392.07 EUR Million [+]
Capital Flows 215.69 1078.85 1798.15 -2366.47 EUR Million [+]
Foreign Direct Investment -168.07 -109.67 6288.10 -3307.52 EUR Million [+]
Remittances 268.70 220.61 515.40 153.66 EUR Million [+]
Tourism Revenues 1763.55 1572.57 1763.55 199.98 EUR Million [+]
Gold Reserves 382.51 382.51 606.76 382.48 Tonnes [+]
Tourist Arrivals 4316056.00 4968117.00 4968117.00 88000.00 [+]
Terrorism Index 0.06 0.27 1.85 0.00 [+]
Weapons Sales 7.00 18.00 101.00 1.00 USD Million [+]



Portugal Balance of Trade Notes

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. Portugal Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-870.35 -926.86 3.55 -2348.24 1950 - 2016 EUR Million Monthly



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