Summary
Exports of goods increased by 10.9% and imports of goods decreased by 7% in the three monthly period ended in January 2012, when compared with the period November 2010 / January 2011, which led to a EUR 2 076.7 million decrease on the deficit of the trade balance.
In the year 2011, exports and imports of goods increased by 15.1% and 1.1% respectively, towards the previous year. External trade balance of goods improved, but remained with a deficit of EUR 15 343.9 million. Intra-EU partners still dominate transactions between Portugal and the foreign markets, although a reduction in its relative weight became apparent in 2011 for both exports and imports of goods.