Portugal

In 2013, the value of merchandise exports of Portugal increased moderately by 7.7 percent to reach 62.9 bln US$, while its merchandise imports increased slightly by 4.0 percent to reach 75.2 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small deficit of 12.3 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -10.4 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 2012, the value of exports of services of Portugal decreased moderately by 7.8 percent, reaching 24.6 bln US$, while its imports of services decreased substantially by 16.0 percent and reached 13.4 bln US$ (see graph 2). There was a moderate trade in services surplus of 11.2 bln US$.

Related Subject(s): International Trade and Finance

Countries: Portugal