Trade gap shrinks another €416m

in Business · 12-11-2015 14:27:00 · 0 Comments
Trade gap shrinks another €416m

Portuguese exports rose 3.2 percent and imports fell 0.3 percent 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 this week.

Just considering September, exports rose 1.9 percent while imports of goods dropped 1.0 percent compared with 12 months earlier (+2.7 percent and +1.7 percent in August 2015, respectively).

The 1 percent reduction in imports was mainly the result of trade from outside the EU (namely oil). Excluding oil and mineral fuels, exports were 3.6 percent up in September but imports up 6 percent.



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