Exports from Portugal fell for the first time in eight months by 8.3 percent year-on-year to EUR 4.75 billion in June 2019, due mainly to lower sales of fuels and lubricants (-34.3 percent), consumer goods (-10.5 percent) and industrial supplies (-6.2 percent). Among major trade partners, exports were down to Spain (-9.2 percent), France (-3.5 percent), Germany (-1.5 percent), the UK (-10.1 percent) and the US (-11.7 percent). Exports in Portugal averaged 1203.23 EUR Million from 1950 until 2019, reaching an all time high of 5617.49 EUR Million in May of 2019 and a record low of 1.69 EUR Million in January of 1950.
Exports in Portugal is expected to be 5070.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Portugal to stand at 5400.00 in 12 months time. In the long-term, the Portugal Exports is projected to trend around 4850.00 EUR Million in 2020, according to our econometric models.