Goods exports in Q2 up 49% YoY, imports up 46% – INE flash estimate

  • Lusa
  • 27 July 2021

According to Statistics Portugal (INE), exports and imports of goods in the second quarter of 2021 were up by 49.1% and 46.3% on the same period a year earlier.

Exports and imports of goods in the second quarter of 2021 were up by 49.1% and 46.3% on the same period a year earlier, according to a flash estimate of international trade released by Statistics Portugal (INE) on Tuesday.

In its statement, the INE adds that second-quarter exports were up 3.0% on the same period in 2019, while imports were down 3.2%.

The Covid-19 pandemic began in Portugal in March of 2020, so trade in the second quarter of 2020 was already affected by it.

In the first quarter of this year, the year-on-year rates of change in exports and imports had been +6.0% and -4.9%, respectively.

Portuguese companies see export of goods jump 7.2% in 2021

ECO News,

With exports of goods already surpassing the 2019 level, companies are optimistic about the progress for the rest of the year and are forecasting a 7.2% increase in 2021.