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.

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Portugal Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-10 10:00 AM Mar €-2415M €-2154M € -720M
2022-06-09 10:00 AM Apr €-2445M €-2415M €-2100M
2022-07-08 10:00 AM May €-2445M


Related Last Previous Unit Reference
Balance of Trade -2445.00 -2415.00 EUR Million Apr 2022
Imports 8691.21 9073.31 EUR Million Apr 2022
Exports 6246.18 6612.50 EUR Million Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2445.00 -2415.00 3.55 -2528.00 1950 - 2022 EUR Million Monthly

News Stream
Portugal April Trade Gap Widens Sharply
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.
2022-06-09
Portugal Trade Deficit Remains Elevated
Portugal’s trade deficit widened sharply to EUR 2.42 billion in March of 2022 from EUR 1.13 billion in the same month last year. Imports jumped 30.0 percent year-on-year to a record EUR 9.02 billion on higher purchases of industrial supplies (24.8 percent to EUR 2.80 billion), mostly processed goods from Spain; and fuels and lubricants (132.8 percent to EUR 1.41 billion), reflecting rising energy prices. Imports rose the most from Spain (33.3 percent), followed by France (24.2 percent), and Germany (10.5 percent). Meanwhile, exports rose a softer 13.6 percent to an all-time high of EUR 6.60 billion, driven by sales of industrial supplies (24.8 percent to EUR 2.36 billion), mostly processed goods headed to Spain; and consumer goods (13.6 percent to EUR 1.17 billion). Exports rose sharply to Spain (18.9 percent) and Germany (19.9 percent), but much less to France (5.9 percent).
2022-05-10
Portugal February Trade Gap Widens Sharply
Portugal’s trade deficit widened substantially to EUR 2.15 billion in February of 2022 from EUR 0.89 billion in the same month last year. Imports surged 42.3 percent year-on-year to EUR 8.14 billion amid soaring purchases of industrial supplies (44.2 percent to EUR 2.59 billion), mostly processed goods; and fuels and lubricants (133.5 percent to EUR 1.40 billion), reflecting rising prices. Imports rose the most from Spain (45.9 percent), followed by France (28.8 percent), and Germany (19.2 percent). Meanwhile, exports rose a softer 20.3 percent to EUR 5.99 billion, driven by sales of industrial supplies (30.8 percent to EUR 2.03 billion), mostly processed goods headed to Spain; consumer goods (20.8 percent to EUR 1.07 billion). Exports rose significantly in all three key trade partners, namely Spain (19.5 percent), Germany (25.4 percent), and France (18.1 percent).
2022-04-08