Imports to Portugal dropped 4.1 percent from a year earlier to EUR 6.59 billion in June 2019, the first month of decline since May 2018, dragged by purchases of fuels and lubricants (-24.8 percent) and industrial supplies (-8.9 percent). On the other hand, transport equipment imports jumped 32.4 percent on the back of aircraft. Imports decreased from Spain (-4.4 percent), Germany (-7.3 percent), Italy (-2.7 percent) and the Netherlands (-13.1 percent), but rose from France (61.2 percent). Imports in Portugal averaged 1743.11 EUR Million from 1950 until 2019, reaching an all time high of 7232.95 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.