Portugal's trade deficit increased to EUR 1,615 million in December of 2018 from EUR 1,493 million in the same month of the previous year. Exports rose 7.3 percent to EUR 4,356 million, boosted by higher sales of industrial supplies nes (+5 percent); consumer goods (+2.4 percent) and transport equipment, parts and accessories (+26.8 percent). Among major trading partners, exports went up for Spain (3.9 percent); France (4.6 percent) and Germany (18.6 percent). Meanwhile, imports advanced at a faster 7.5 percent to EUR 5,972 million, mainly due to higher purchases of processed industrial supplies nes (+5.5 percent); transport equipment, parts and accessories (+22 percent) and capital goods (+9.3 percent). Imports rose from Spain (3.6 percent); Germany (13.3 percent) and France (12.5 percent). Balance of Trade in Portugal averaged -533.77 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 -800.00 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 -1400.00 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
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 €-2066M €-1624M €-1240M
2019-02-08 11:00 AM Balance of Trade €-1615M €-2058M € -1392M
2019-03-12 11:00 AM Balance of Trade €-1615M €-1720M
2019-04-09 10:00 AM Balance of Trade €-1240M
2019-05-10 10:00 AM Balance of Trade €-800M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1615.09 -2057.52 3.55 -2524.87 EUR Million [+]
Current Account -173.79 -629.05 1105.17 -2590.60 EUR Million [+]
Current Account to GDP 0.50 0.60 3.10 -14.70 percent [+]
Imports 5971.54 6895.03 6895.03 0.00 EUR Million [+]
Exports 4356.45 4837.52 5319.44 1.69 EUR Million [+]
External Debt 407313.05 411679.63 421132.40 56392.07 EUR Million [+]
Foreign Direct Investment 472.48 -12.52 6288.10 -3307.52 EUR Million [+]
Capital Flows 109.87 852.01 1857.05 -2366.47 EUR Million [+]
Remittances 322.93 302.50 515.40 153.66 EUR Million [+]
Tourism Revenues 1048.39 1613.41 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 1779897.00 2326269.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1615.09 -2057.52 3.55 -2524.87 1950 - 2018 EUR Million Monthly




Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -1415.36 Jan/19
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 2415.21 Jan/19
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1388.18 Jan/19
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


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