Portugal

In 2014, the value of merchandise exports of Portugal increased slightly by 2.0 percent to reach 64.0 bln US$, while its merchandise imports increased slightly by 3.2 percent to reach 78.0 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small deficit of 14.0 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -13.0 bln US$ (see graph 4). Merchandise exports in Portugal were diversified amongst partners; imports were also diversified. The top 13 partners accounted for 80 percent or more of exports and 14 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Portugal increased substantially by 20.0 percent, reaching 29.5 bln US$, while its imports of services increased moderately by 6.3 percent and reached 14.2 bln US$ (see graph 2). There was a large trade in services surplus of 15.2 bln US$.

Related Subject(s): International Trade and Finance

Countries: Portugal