Portugal's trade deficit narrowed slightly to EUR 1.96 billion in January 2023, up from EUR 1.99 billion in the same month last year. Exports rose 14.5 percent, mainly boosted by sales of machinery and other capital goods (27.6 percent), food and beverages (23.8 percent), consumer goods (13.8 percent), transport equipment and parts (12.3 percent), and industrial supplies (7.6 percent). Among major trade partners, exports were mostly up to Spain, France, Germany and the US. Meanwhile, imports increased at a slower 10.3 percent thanks to purchases of transport equipment and parts (40.5 percent), consumer goods (19.1 percent), and food and beverages (22.7 percent). By contrast, imports of industrial supplies were down 3.9 percent due to lower metal purchases. Imports rose from Spain, Germany and France, but were down from China. source: Statistics Portugal
Balance of Trade in Portugal averaged -603.84 EUR Million from 1950 until 2023, reaching an all time high of 3.55 EUR Million in May of 1955 and a record low of -3436.07 EUR Million in August of 2022. This page provides - Portugal Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.