Portuguese exports went up by 10% and imports went up by 13.1% in 2017 in comparison to the previous year, reaching new record highs in terms of exchanged values.
Portuguese exports increased by 10% and imports by 13.1% in 2017 when compared to 2016, reaching new highs. The numbers were announced this Monday morning by the National Statistics Office (INE).
According to INE’s provisional data for international trade in 2017, exports of goods reached a total of €55 bn, which corresponds to an increase of 10% in comparison to the previous year (+0.8% in comparison to 2016), while imports of goods increased by 13.1% (+1.8% in 2016), which means a total of €69 bn.
There was a €14 bn negative trade balance, which represents an increase in terms of trade deficit of about €3 bn in comparison to the previous year.