Exports increase 4.1%, imports 16.6% in January

  • Lusa
  • 12 March 2019

In January exports and imports of goods increased by 4.1% and 16.6%, respectively, with exports presenting a slowing down in yearly terms.

Portugal’s exports of goods increased 4.1% in January, slowing down in yearly terms, and imports shot up 16.6% in the same period, mainly due to the purchase of aircraft, according to the country’s national statistics institute (INE) on Tuesday.

According to the institute, imports increased 16.6%, after the 8.1% rise in December 2018, highlighting the additions of transport material in 36.2%, which contributed in 5.8 percentage points to the annual variation rate, mainly due to the purchase of other transport material (mainly airplanes and parts).

Excluding fuels and lubricants, exports increased 4.7% and imports grew by 19% after increased o 9.1% and 9.5%, respectively, in December 2018.