Portugal's trade deficit widened to EUR 1.802 billion in April 2019 from EUR 1.287 billion in the same month of the previous year, as imports jumped 10.9 percent to EUR 6.801 billion mainly boosted by purchases of transport equipment (24.7 percent), machinery and other capital goods (18.5 percent), and fuels and lubricants (19.1 percent) following the dangerous goods drivers' strike. Among major trade partners, imports rose from Germany (20.6 percent), Spain (7.4 percent) and the US (245.0 percent). Meanwhile, exports increased at a slower 3.2 percent to EUR 4.999 billion, led by sales of transport equipment (11.6 percent) and industrial supplies (6.7 percent), while exports of fuels and lubricants dropped 14.9 percent. Exports grew to the Netherlands (28.4 percent) and Italy (23.8 percent), but fell to Angola (-16.3 percent) and France (-2.0 percent). Balance of Trade in Portugal averaged -539.44 EUR Million from 1950 until 2019, 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.

Balance of Trade in Portugal is expected to be -940.00 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 -880.00 in 12 months time. In the long-term, the Portugal Balance of Trade is projected to trend around -1440.00 EUR Million in 2020, according to our econometric models.

Portugal Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-12 11:00 AM Balance of Trade €-1996M €-1643M €-1720M
2019-04-09 10:00 AM Balance of Trade €-1504M €-1973M €-1240M
2019-05-10 10:00 AM Balance of Trade €-1895M €-1490M €-800M
2019-06-07 10:00 AM Balance of Trade €-1802M €-1802M €-1050M
2019-07-10 10:00 AM Balance of Trade €-1802M €-1320M
2019-08-09 10:00 AM Balance of Trade € -940M
2019-09-10 10:00 AM Balance of Trade €-1010M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1802.33 -1801.97 3.55 -2524.87 EUR Million [+]
Current Account 8.56 -324.71 1105.17 -2590.60 EUR Million [+]
Current Account to GDP -0.60 0.50 3.10 -14.70 percent [+]
Imports 6801.28 6977.92 6977.92 0.00 EUR Million [+]
Exports 4998.95 5175.95 5319.44 1.69 EUR Million [+]
External Debt 412765.99 407313.05 421132.40 56392.07 EUR Million [+]
Capital Flows 63.68 361.82 1857.05 -2366.47 EUR Million [+]
Foreign Direct Investment 1200.20 343.08 6288.10 -3307.52 EUR Million [+]
Remittances 357.30 316.45 515.40 153.66 EUR Million [+]
Tourism Revenues 1425.05 1051.72 2196.02 199.98 EUR Million [+]
Gold Reserves 382.50 382.50 606.76 382.48 Tonnes [+]
Terrorism Index 0.00 0.00 1.85 0.00 [+]
Tourist Arrivals 3186713.00 2273677.00 5972372.00 88000.00 [+]
Weapons Sales 3.00 56.00 172.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Portugal Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1802.33 -1801.97 3.55 -2524.87 1950 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia 207.60 May/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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