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Portugal: Exports rise 15.4%, imports 22.4% on year in May

Page created: Monday, 10 July 2017 14:08 GMT

Tags:
INE  Trade Balance  Trade Deficit

Lisbon, July 10 (Lusa) – Portuguese exports increased 15.4% and imports rose 22.4% in May compared to the same period last year, which translated into a worsening of the trade deficit to €1.438 billion.

 

According to information released on Monday by the National Statistical Institute (INE), in April exports had registered a year-on-year rise of 0.1% and imports of 11.4%.

 

The balance of trade deficit stood at €1.438 billion in May 2017, which is an increase of €503 million compared to the same month of 2016.

 

Excluding fuels and lubricants, the trade balance reached a negative balance of €1.074 billion, corresponding to an increase of €344 million compared to the same month of 2016.

 

In the quarter ended in May 2017, exports and imports of goods increased, respectively, by 13.2% and 16.5% year-on-year, INE added.

 

ICO/CA // CA

 

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