Portugal Balance Commerciale

Portugal's trade deficit narrowed to €2.371 billion in September 2024 from €2.403 billion in the same month last year, as exports rose more than imports. Exports rose by 5.1% year-on-year to €6.488 billion, driven by higher sales of transportation equipment (20.1%), consumer goods (7.2%), capital goods (3.2%) and food & beverages (8.3%). Among major trade partners, exports increased to Spain (10.8%), France (4.5%), and Germany (16.4%). Meanwhile, imports increased by 3.3% year-on-year to €8.858 billion, mainly due to higher purchases of industrial supplies (10.7%), food & beverages (6%), capital goods (1.3%), transport equipment (28%) and consumer goods (5.6%). Imports rose from Spain (0.9%), Germany (9.3%), France (19.2%), and Netherlands (45.4%).