2025.04.0912:30:01UTC+00Portugal Trade Gap Narrows in February

In February 2025, Portugal saw a reduction in its trade deficit, which decreased to EUR 1.95 billion from the previous year's figure of EUR 2.44 billion for the same month. This improvement was largely due to a significant recovery in exports, which surged by 11.9% to reach EUR 7.30 billion. This boost was primarily driven by a 37.3% increase in shipments of industrial supplies, alongside rises in the export of capital goods and parts (9.8%) and consumer goods (5.6%). Notably, exports increased to key markets such as Germany (73.4%), the U.S. (24.0%), Spain (5.9%), and France (2.1%).

On the import front, there was a more moderate increase of 3.3%, totaling EUR 9.26 billion. This rise was propelled by higher purchases of consumer goods (9.8%), capital goods and parts (4.8%), as well as fuels and lubricants (6.7%). Import activity saw significant growth from China (30.4%) and France (15.6%), although there was a steep decline of 36.7% in imports from Ireland.