Portugal: Exports rise 19.6% and imports 22.3% in January

Page created: Monday, 13 March 2017 15:25 GMT

Exports  Goods  Imports   Trade

Lisbon, March 13 (Lusa) – In January Portuguese exports rose 19.6% on year and imports rose 22.3% on year, with the trade deficit rising by €252 million in the period, the National Statistics Institute (INE) said on Monday in Lisbon.


According to INE, exports and imports of goods rose 12% and 13% on year, respectively, in December.


Excluding fuel and lubricants, exports rose 17.1% and imports 14.6% against the same month of 2016.


The balance of trade deficit totalled €941 million in January of this year, or €252 million more than in January 2016.


According to INE the 19.6% rise in exports in January was due to Intra-EU trade, which rose 15.9%, as well as Extra-EU (outside the European Union) trade, which rose by 33%.


Imports also rose due to an increase in Intra-EU imports (16.8%) and imports from non EU countries (Extra-EU), which rose 41.3%.