Portugal's trade deficit narrowed to EUR 1.20 billion in September of 2018 from EUR 1.25 billion in the corresponding month of the previous year. It was the smallest trade gap since May. Exports grew 1.7 percent to EUR 4.73 billion, mainly boosted by sales of transport equipment (15.9 percent), namely passenger cars (78.8 percent); and industrial supplies (1.5 percent). Conversely, shipments declined for fuels and lubricants (-18.9 percent); machinery & equipment (-3.2 percent) and food & beverages (-1.5 percent). Meantime, imports rose at a slower 0.5 percent to EUR 4.93 billion. Purchases went up mostly for transport equipment (8.4 percent), including other transport material (30.3 percent) and parts and accessories (15.1 percent); industrial supplies (2.5 percent) and machinery & equipment (1.1 percent). In contrast, a sharp decline was seen in imports of fuels and lubricants (-9.3 percent). Balance of Trade in Portugal averaged -528.94 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
2018-09-10 10:00 AM Balance of Trade €-1168M €-1652M €-1260M
2018-10-10 10:00 AM Balance of Trade €-1709M €-1184M €-1410M
2018-11-09 11:00 AM Balance of Trade €-1203M €-1728M € -1270M
2018-12-10 11:00 AM Balance of Trade €-1203M €-1680M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1203.00 -1728.00 3.55 -2524.87 EUR Million [+]
Exports 4728.70 4045.08 5306.86 1.69 EUR Million [+]
Imports 5931.64 5773.35 6867.74 0.00 EUR Million [+]
Current Account 524.74 770.32 1105.17 -2590.60 EUR Million [+]
Current Account to GDP 0.50 0.60 3.10 -14.70 percent [+]
External Debt 411679.63 410196.09 421132.40 56392.07 EUR Million [+]
Capital Flows 1247.67 1189.38 1857.05 -2366.47 EUR Million [+]
Foreign Direct Investment 1357.33 346.83 6288.10 -3307.52 EUR Million [+]
Remittances 300.08 336.37 515.40 153.66 EUR Million [+]
Tourism Revenues 2196.02 2011.34 2196.02 199.98 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 4451477.00 5002274.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1203.00 -1728.00 3.55 -2524.87 1950 - 2018 EUR Million Monthly




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan 139.56 Sep/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


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