Portugal’s trade deficit increased slightly to EUR 1.59 billion in October of 2018 from EUR 1.54 billion in the corresponding month of the previous year. Exports rose 5.9 percent from a year earlier to EUR 5.16 billion, mainly boosted by sales of transport equipment (+17.7 percent), namely passenger cars (66.7 percent); industrial supplies (+9.1 percent) and food & beverages (+4.2 percent). Meanwhile, imports went up at a softer 5.3 percent to EUR 6.75 billion, as purchases went up mostly for industrial supplies (+10.9 percent); capital goods, and parts and accessories thereof (+4.6 percent). Balance of Trade in Portugal averaged -530.35 EUR Million from 1950 until 2018, 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 -1430.00 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 -1180.00 in 12 months time. In the long-term, the Portugal Balance of Trade is projected to trend around -1260.00 EUR Million in 2020, according to our econometric models.

Portugal Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-10 10:00 AM Balance of Trade €-1168M €-1652M €-1260M
2018-10-10 10:00 AM Balance of Trade €-1709M €-1184M €-1410M
2018-11-09 11:00 AM Balance of Trade €-1203M €-1728M € -1270M
2018-12-10 11:00 AM Balance of Trade €-1593M €-1226M €-1680M
2019-01-09 11:00 AM Balance of Trade €-1593M
2019-02-08 11:00 AM Balance of Trade € -1430M
2019-03-12 11:00 AM Balance of Trade


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1592.89 -1226.11 3.55 -2524.87 EUR Million [+]
Current Account 166.54 532.67 1105.17 -2590.60 EUR Million [+]
Current Account to GDP 0.50 0.60 3.10 -14.70 percent [+]
Imports 6748.21 5924.27 6867.74 0.00 EUR Million [+]
Exports 5155.32 4698.15 5319.44 1.69 EUR Million [+]
External Debt 407313.05 411679.63 421132.40 56392.07 EUR Million [+]
Foreign Direct Investment -940.86 1375.91 6288.10 -3307.52 EUR Million [+]
Capital Flows 228.71 1347.53 1857.05 -2366.47 EUR Million [+]
Remittances 325.95 300.08 515.40 153.66 EUR Million [+]
Tourism Revenues 1778.22 2196.02 2196.02 199.98 EUR Million [+]
Gold Reserves 382.50 382.50 606.76 382.48 Tonnes [+]
Terrorism Index 0.00 0.06 1.85 0.00 [+]
Tourist Arrivals 4451477.00 5002274.00 5241544.00 88000.00 [+]
Weapons Sales 56.00 172.00 172.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1592.89 -1226.11 3.55 -2524.87 1950 - 2018 EUR Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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