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Portugal's Exports: Important Statistics

By Maëlle Alquezar [caption id="attachment_4369" align="alignright" width="300"]Lisbon Lisbon[/caption] Provisional data released in May by the National Statistical Institute of Portugal revealed that Portugal’s exports slightly increased by 0.3% to 11,601 million euros (i.e. £9.92 million) in the first quarter of 2013 while they increased by 5.6% in 2012. However, imports significantly dropped by 7.2% to 13,466 million euros (i.e. £11.5 million) in the same period. The strong decline in imports resulted in a significant decrease of Portugal ’s trade deficit from 2,940 million euros (i.e. £2.513 million) in the first three months of 2012 to the current 1,865 million euros (i.e. 1.594 million). Due to the EU recession, exports to the EU decreased by 1.4% in the first quarter. Despite this decline, the EU remains the main market for Portugal’s exports. With regards to imports, they decreased by 9% in the EU while they dropped by only 2.5% outside the member states. Fuel is the main contributor to the increase in exports in the quarter as the sale of goods such as fuels and lubricants soared by 23.9%. On the other hand, the transport equipment and accessories declined by 14.2%. Fuels and lubricants were purchased less abroad while the purchasing of food and beverages outside the country grew by 4.4%. Check out these related articles: Language Reform Spells Trouble for Portugal The Indian State Gujurat’s 5 Year Export Policy The Italian Job… of Exporting Liked this blog? Then feel free to click on those buttons below to share it on Facebook, LinkedIn, etc. Want to comment? All you have to do is enter your comment, then your name and email into Disqus and press register. That’s it!

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