Portugal’s trade deficit widened substantially to EUR 2,445 million in April of 2022 from EUR 1,406 million in the same month last year. Exports rose 17.3 percent from a year earlier to EUR 6,246 million, driven by sales of industrial supplies (26.7 percent) and fuel and lubricants (95.5 percent), both mainly to Spain. Meantime, imports surged 29.2 percent to EUR 8,691 million amid soaring purchases of industrial supplies (128.4 percent), partly reflecting rising prices, and industrial supplies (29.7 percent), both coming mainly from Spain. source: Statistics Portugal
Balance of Trade in Portugal averaged -581.93 EUR Million from 1950 until 2022, reaching an all time high of 3.55 EUR Million in May of 1955 and a record low of -2528 EUR Million in December of 2021. 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 June of 2022.
Balance of Trade in Portugal is expected to be -740.00 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 2023, according to our econometric models.