Imports to Portugal jumped 7.9 percent from a year earlier to a near record high of EUR 7.13 billion in July 2019, mainly boosted by purchases of transport equipment (27.9 percent), in particular aircraft. Among key trading partners, imports rose mainly from France (67 percent), Spain (4.2 percent), China (35.1 percent) and Belgium (20.3 percent), but declined from Germany (-5.9 percent). Imports in Portugal averaged 1749.62 EUR Million from 1950 until 2019, reaching an all time high of 7238.36 EUR Million in May of 2019 and a record low of 0 EUR Million in May of 1955.
Imports in Portugal is expected to be 6250.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Portugal to stand at 6320.00 in 12 months time. In the long-term, the Portugal Imports is projected to trend around 6290.00 EUR Million in 2020, according to our econometric models.