Portugal goods exports jump 15.5% in April

Portugal’s goods exports rose 15.5% year on year in April, the fastest pace since July 2024, while imports increased 8.9%, easing pressure on the country’s trade balance, according to data published by Statistics Portugal on Tuesday. For international readers, the figures point to stronger external sales momentum in an economy where trade performance is closely watched.

Statistics Portugal said the goods trade deficit stood at €2.883 billion in April, an improvement of €149 million from the same month a year earlier and €24 million from the previous month. Excluding transactions linked to processing work without a transfer of ownership, exports rose 16.9% from a year earlier, while imports increased 15.3%.

Excluding fuels and lubricants, exports were up 14.3% after a 10% increase in March. The statistics office said this reflected a 32% rise in transactions in that product category in April, driven mainly by prices, which increased 30.2%, while volumes rose 1.4%.

Among Portugal’s main trading partners in 2025, exports to Spain rose 11.1% in April, while sales to France increased 12.5% and exports to Germany climbed 12%. On the import side, purchases from Spain rose 13%, mainly in fuels, lubricants and transport equipment, especially passenger cars, while imports from Ireland fell 79.1%, notably in industrial supplies including chemicals.

Originally published at Eco.pt