The trade deficit in Portugal widened to EUR 1.369 billion in May of 2021 from EUR 0.947 billion a year earlier, when both exports and imports recorded sharp declines. Exports were 52.4 percent higher from May 2020 to EUR 5.300 billion, mainly boosted by sales of industrial supplies (55.6 percent), consumption goods (39.0 percent), and transport equipment & accessories (69.9 percent). Exports rose in most key trading partners, namely Spain (78.1 percent), France (36.6 percent), and Germany (30.7 percent). Moreover, imports hiked 52.6 percent to EUR 6.669 billion, driven by purchases of industrial supplies (60.6 percent), capital goods (36.5 percent), and consumption goods (16.1 percent). Among key trading partners, imports were up from Spain (46.7 percent), Germany (55.4 percent), and France (58.3 percent). source: Statistics Portugal
Balance of Trade in Portugal averaged -562.67 EUR Million from 1950 until 2021, 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. This page provides - Portugal Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
Balance of Trade in Portugal is expected to be -700.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Portugal to stand at -720.00 in 12 months time. In the long-term, the Portugal Balance of Trade is projected to trend around -1490.00 EUR Million in 2022, according to our econometric models.