Exports from Portugal advanced 4.6 percent year-on-year to EUR 4,821 million in February 2019, boosted by transport equipment (14.1%), essentially passenger vehicles (27.2%); industrial supplies (6%), of which primary goods (26.6%); and consumer goods (5.9%). However, shipments declined for fuels & lubricants (-32.6%), partly justified by the maintenance works in the national refineries. Among major trading partners, exports went up mostly to Italy (30%), Germany (4.9%), the UK (3.4%) and the US (6.6%). Exports in Portugal averaged 1184.18 EUR Million from 1950 until 2019, reaching an all time high of 5319.44 EUR Million in July of 2018 and a record low of 1.69 EUR Million in January of 1950.
Exports in Portugal is expected to be 5250.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Portugal to stand at 5540.00 in 12 months time. In the long-term, the Portugal Exports is projected to trend around 4850.00 EUR Million in 2020, according to our econometric models.