Portugal’s trade deficit widened to EUR 1.719 billion in September of 2021 from EUR 1.159 billion in the same month a year earlier. Imports jumped 17.5 percent year-on-year to EUR 7.247 billion, underpinned by industrial supplies (33.7 percent to EUR 2.374 billion), capital goods (5.1 percent to EUR 1.211 billion), and consumer goods (7.1 percent to EUR 1.043 billion). Among major import suppliers, purchases from Spain rose sharply (18.2 percent) and less significantly from France (2.4 percent), while German imports fell (-0.7 percent). Meanwhile, exports rose 10.3 percent to EUR 5.529 billion, driven by sales of industrial supplies (28.1 percent to EUR 1.880 billion), consumer goods (12.9 percent to EUR 0.961 billion), and capital goods (7.1 percent to EUR 0.797 billion). Among key export destinations, sales rose the most to Spain (16.8 percent), followed by France (3.8 percent), while exports destined to Germany dropped (-4.1 percent). source: Statistics Portugal

Balance of Trade in Portugal averaged -568.28 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 November of 2021.

Balance of Trade in Portugal is expected to be -1310.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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Portugal Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-11 10:00 AM Aug €-1754M €-1501M €-1370M
2021-11-09 11:00 AM Sep €-1719M €-1754M €-1470M
2021-12-10 11:00 AM Oct €-1719M €-1680M


Related Last Previous Unit Reference
Balance of Trade -1719.00 -1754.19 EUR Million Sep/21
Imports 7247.30 6116.70 EUR Million Sep/21
Exports 5528.73 4373.90 EUR Million Sep/21

News Stream
Portugal Trade Gap Widens Notably in September
Portugal’s trade deficit widened to EUR 1.719 billion in September of 2021 from EUR 1.159 billion in the same month a year earlier. Imports jumped 17.5 percent year-on-year to EUR 7.247 billion, underpinned by industrial supplies (33.7 percent to EUR 2.374 billion), capital goods (5.1 percent to EUR 1.211 billion), and consumer goods (7.1 percent to EUR 1.043 billion). Among major import suppliers, purchases from Spain rose sharply (18.2 percent) and less significantly from France (2.4 percent), while German imports fell (-0.7 percent). Meanwhile, exports rose 10.3 percent to EUR 5.529 billion, driven by sales of industrial supplies (28.1 percent to EUR 1.880 billion), consumer goods (12.9 percent to EUR 0.961 billion), and capital goods (7.1 percent to EUR 0.797 billion). Among key export destinations, sales rose the most to Spain (16.8 percent), followed by France (3.8 percent), while exports destined to Germany dropped (-4.1 percent).
2021-11-09
Portugal Trade Deficit Widens in August
Portugal’s trade deficit widened to EUR 1.754 billion in August of 2021 from a EUR 1.275 billion gap a year earlier. Imports jumped 21.9 percent to EUR 6.119 billion, driven by industrial supplies (45 percent to EUR 1.933 billion), capital goods (10.9 percent to EUR 1.009 billion), and consumer goods (7.9 percent to EUR 0.904 billion). Among main import destinations, inbound sales were up from Spain (22.1 percent) and Germany (13.4 percent), while purchases fell from France (-0.1 percent). At the same time, exports rose 16.6 percent over a year to EUR 4.364 billion, driven by higher outbound sales of industrial supplies (37.8 percent to EUR 1.547 billion), consumer goods (9.3 percent to EUR 0.895 billion), and capital goods (7.4 percent to EUR 0.571). Among key trading partners, exports mainly rose from Spain (19.7 percent), while exports decreased to Germany (-4.8 percent) and France (-0.3 percent).
2021-10-11
Portugal Trade Deficit Nearly Doubles in July
Portugal’s trade deficit widened markedly to EUR 1.493 billion in July of 2021 from EUR 0.831 billion a year earlier. Exports leapt 11.7 percent from a year earlier to EUR 5.624 billion, mainly on strong sales growth of industrial supplies (19.8 percent to EUR 1.905 billion), and to a lesser extent, consumption goods (7.9 percent to EUR 1.204 billion) and capital goods (1.1 percent to EUR 0.738 billion). Among key trading partners, sales rose significantly to Spain (10.9 percent), and Germany (8.5 percent), while exports destined to France rose much less (2.0 percent). Meanwhile, imports jumped a faster 21.4 percent to EUR 7.117 billion, mostly industrial supplies (34.8 percent to EUR 2.388 billion); capital goods (4.2 percent to EUR 1.154 billion); and consumption goods (3.6 percent to EUR 0.966 billion). Within the major origins of imports, the largest increases were seen from Spain (15.2 percent), and Germany (19.1 percent), while purchases from France rose less (3.7 percent).
2021-09-09

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.