Export growth in November slows to 18.9% YoY, imports16.2%

  • Lusa
  • 9 January 2023

The nominal year-on-year increases in exports and imports decelerated to 18.9% and 16.2%, respectively, from October's year-on-year rates of 21.1% and 26.0%.

Year-on-year growth in Portugal’s exports and imports of goods in November slowed once more, to 18.9% and 16.2% respectively, reflecting a slowdown in in price inflation, according to the National Statistics Institute (INE).

According to the INE’s ‘International Trade’ statistics, in November of 2022 “the unit value indices (prices) recorded year-on-year changes of +13.0% in exports and +14.1% in imports (+14. 5% and +14.2%, respectively in October 2022)”.

As a result, it said, the nominal year-on-year increases in exports and imports decelerated to 18.9% and 16.2%, respectively, from October’s year-on-year rates of 21.1% and 26.0%.