Imports to Portugal climbed 12.8 percent year-on-year to EUR 6,325 million in February 2019, led by purchases of transport equipment (19.3%), amid the acquisition of other transport equipment (mainly airplanes and parts thereof) (34.2%) and parts & accessories (30%); industrial supplies (10.6%), namely processed goods such as base metals and chemical products (10.4%); and capital goods, parts & accessories (15.5%). Among major trading partners, imports advanced from Spain (9.1%), Germany (17.1%), France (2.9%), the Netherlands (14.7%), Italy (2.2%), China (47.2%) and Belgium (17.7%). Imports in Portugal averaged 1718.49 EUR Million from 1950 until 2019, reaching an all time high of 6928 EUR Million in January of 2019 and a record low of 0 EUR Million in May of 1955.
Imports in Portugal is expected to be 6190.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Portugal to stand at 6420.00 in 12 months time. In the long-term, the Portugal Imports is projected to trend around 6290.00 EUR Million in 2020, according to our econometric models.