Portugal trade gap shrinks another €416m

By TPN/Lusa, in News · 09-11-2015 15:28:00 · 0 Comments
Portugal trade gap shrinks another €416m

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.

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%.


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