Portugal Balance of Trade  1950-2018 | Data | Chart | Calendar | Forecast

The Portuguese trade deficit narrowed to EUR 1.12 billion in May 2018 from EUR 1.41 billion in the same month of the previous year. Exports rose 6.2 percent to EUR 5.17 billion, mainly boosted by higher sales of transport equipment (18 percent) and fuels and lubricants (32.3 percent). Among major trading partners, exports rose mostly to Spain (9.3 percent), Italy (28.3 percent), Germany (8.4 percent) and the US (17.6 percent), while those to the UK declined 3.1 percent. Meanwhile, imports edged up 0.3 percent to EUR 6.30 billion, as purchases increased the most for machinery and other capital goods (7.6 percent) and industrial supplies (2.9 percent). On the other hand, imports of fuels and lubricants dropped 15.5 percent. Imports grew from Spain (6 percent), Germany (2.5 percent), Italy (5.5 percent) and the Netherlands (0.8 percent); while those from France fell 0.3 percent. Balance of Trade in Portugal averaged -523.59 EUR Million from 1950 until 2018, reaching an all time high of 3.55 EUR Million in May of 1955 and a record low of -2524.87 EUR Million in June of 2010.

Portugal Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-10 10:00 AM Balance of Trade €-1207M €-991M €-1050M
2018-06-08 10:00 AM Balance of Trade €-1253M €-1231M €-1430M
2018-07-10 10:00 AM Balance of Trade €-1122M €-1261M €-1320M
2018-08-09 10:00 AM Balance of Trade €-1122M € -960M
2018-09-10 10:00 AM Balance of Trade
2018-10-10 10:00 AM Balance of Trade


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1121.70 -1261.32 3.55 -2524.87 EUR Million [+]
Exports 5174.13 4851.21 5241.04 1.69 EUR Million [+]
Imports 6295.83 6112.52 6351.05 0.00 EUR Million [+]
Current Account -1159.58 -314.51 1105.17 -2590.60 EUR Million [+]
Current Account to GDP 0.50 0.60 3.10 -14.70 percent [+]
External Debt 410196.09 407482.01 421132.40 56392.07 EUR Million [+]
Capital Flows -613.99 69.17 1857.05 -2366.47 EUR Million [+]
Foreign Direct Investment 487.54 241.70 6288.10 -3307.52 EUR Million [+]
Remittances 290.13 288.98 515.40 153.66 EUR Million [+]
Tourism Revenues 1597.47 1275.17 2004.34 199.98 EUR Million [+]
Gold Reserves 382.50 382.50 606.76 382.48 Tonnes [+]
Terrorism Index 0.00 0.06 1.85 0.00 [+]
Tourist Arrivals 4195909.00 3462385.00 5241544.00 88000.00 [+]
Weapons Sales 56.00 172.00 172.00 0.00 USD Million [+]

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



Portugal Balance of Trade

In 2017, the Portuguese trade deficit widened sharply by 23.4 percent from the previous year to EUR 13.8 billion, the largest trade gap since 2011. Imports rose by 12.5 percent, the most since 2010, while exports increased at a slower 10.1 percent, the biggest gain since 2011. The largest trade deficits were recorded with Spain, Germany, Italy, the Netherlands, Russia and China, while the biggest trade surpluses were recorded with the United States, the United Kingdom and France. 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1121.70 -1261.32 3.55 -2524.87 1950 - 2018 EUR Million Monthly




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan 721.41 Jun/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 1309.00 Jun/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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