Portuguese Trade Deficit Widens in June


In June, Portugal's trade deficit widened to €655 million from a gap of €566 million a year earlier. This is a result of a decrease in exports, down by 1.2 percent, and a rise in imports of 0.9 percent.

In June 2013, exports decreased by 1.2 percent when compared with June 2012 (+5.1 percent in May), as a result of the evolution in intra-EU trade (especially in vehicles and other transport equipment and clothing). Intra-EU exports decreased by 4.5 percent while sales to non-EU countries accounted for a 8.0 percent increase on the year.

Imports increased by 0.9, up from -3.1 percent in May, as a result of the evolution in extra-EU trade (essentially due to mineral fuels purchases), since there was a decline in intra-EU trade. Inflows from EU members decreased by 0.4 percent while purchases from extra-EU countries rose 4.6 percent.

Portuguese Trade Deficit Widens in June


INE | Nuno Fontes | nuno@tradingeconomics.com
8/9/2013 11:18:52 AM