Edition 1497
20 October 2018
Edition: 1497

Read this week's issue online exactly as it appears in print.

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Exports up 11.4 percent as imports rise 21.4 percent

by TPN/Lusa, in Business · 14-12-2017 13:08:00 · 0 Comments

Portuguese exports increased 11.8 percent and imports rose 21.4 percent year on year in October, leading to an increased trade deficit of €1.536 billion, the National Statistics Institute (INE) said earlier this week.

In September, exports increased by 5.7 percent and imports rose by 8.5 percent year-on-year.
According to INE figures, in the three months to October 2017, exports rose 10.2 percent and imports increased 14.1 percent, over the same period of 2016.
Considering October 2017 alone, in terms of year-on-year monthly variations, exports mainly increased due to a 14.1 percent increase in intra-EU trade (+4.9 percent in September 2017).
The growth in imports also occurred mainly as a result of imports from Intra-EU countries, which increased by 16.9 percent (+8.6 percent in September 2017).
Excluding fuels and lubricants, exports increased by 13.0 percent year-on-year and imports grew by 19.9 percent (+4.1 percent and +7.9 percent in September 2017, respectively).
According to INE, the balance of trade deficit totalled €1.536 billion in October 2017, or an increase of €613 million compared to the same month of 2016.
Excluding fuels and lubricants, the balance of trade deficit was €1.074 billion, or a year on year increase of €344 million.

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Edition 1497
20 October 2018
Edition: 1497

Read this week's issue online exactly as it appears in print.

Twitter

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