The trade deficit in Portugal narrowed sharply to EUR 1,002 billion in March of 2021 from EUR 1,556 billion a year ago, when the coronavirus outbreak started to weigh on the economies. Exports jumped by 28.8 percent year-on-year to EUR 5,806 billion, boosted by sales of transport materials (61.0 percent) and industrial supplies (18.3 percent). Moreover, imports went up by 12.2 percent to EUR 6,808 billion, due to industrial supplies (15.1 percent) and machines and capital goods (27.3 percent). Excluding fuels and lubricants, exports rose by 27.9 percent to EUR 5,471, billion, while imports increased by 15.0 percent to EUR 6,215 billion. source: Statistics Portugal
Balance of Trade in Portugal averaged -560.70 EUR Million from 1950 until 2021, reaching an all time high of 3.55 EUR Million in May of 1955 and a record low of -2524.87 EUR Million in June of 2010. 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 May of 2021.
Balance of Trade in Portugal is expected to be -1460.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Portugal to stand at -1440.00 in 12 months time. In the long-term, the Portugal Balance of Trade is projected to trend around -1440.00 EUR Million in 2022 and -1490.00 EUR Million in 2023, according to our econometric models.