Trade gap shrinks another €416M

Page created: Monday, 9 November 2015 14:45 GMT

International Trade

Portuguese exports rose 3.2% and imports fell 0.3% in the third quarter of the year compared with the same period in 2014, reducing the trade gap by about €416 million to €2.63 billion the Portuguese National Statistics Institute (INE) said on Monday.
Just considering September, exports rose 1.9% while imports of goods dropped 1.0% compared with 12 months earlier (+2.7% and +1.7% in August 2015, respectively).
The 1% reduction in imports was mainly the result of trade from outside the EU (namely oil). Excluding oil and mineral fuels, exports were 3.6% up in September but imports up 6%.