Trade Balance in Portugal

Portugal Trade Balance | Economic News & Forecasts

Portugal - Trade Balance

After a rebound in Q2, activity lost steam in sequential terms in Q3 amid slumping fixed investment. More positively, despite slowing down, private spending still grew robustly amid a swift inoculation campaign. Meanwhile, rebounding exports, bolstered by increased tourism activity, also supported the quarter’s reading. Moving on to Q4, available data points to upbeat activity, with the Bank of Portugal’s daily economic activity indicator slightly above Q3’s levels up to mid-December. That said, the indicator points to a rapid deterioration towards the end of the quarter amid a worsening health situation, with slightly tighter restrictions in place from 1 December. Moreover, high electricity prices have hurt industrial production in October–November. In other news, the government has announced tougher restrictions from 25 December, which will dent activity somewhat at the outset of the new year.

Portugal - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-11.9  -12.6  -16.6  -20.7  -22.8  

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Portugal Trade Balance Chart

Portugal Trade
Note: Trade balance in EUR billion.
Source: Bank of Portugal (BP).

Portugal Facts

Value Change Date
Bond Yield0.45-1.90 %Jan 01
Exchange Rate1.120.65 %Dec 31

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