Imports to Portugal jumped 10.9 percent from a year earlier to EUR 6.801 billion in April 2019, 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). Imports in Portugal averaged 1730.79 EUR Million from 1950 until 2019, reaching an all time high of 6977.92 EUR Million in March 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.