SYNTHESIS INE@COVID-19, 2 mar-2021

March . 02 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 5/23 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Exports and imports decreased respectively by 7.8% and 6.9% in December and by 10.2% and 15.2% in 2020 In December 2020, exports and imports of goods registered nominal year-on-year rates of change of -7.8% and -6.9%, respectively (-0.2% and -11.9% in the previous month, in the same order). In December 2020, the decreases in exports and imports of Fuels and lubricants (-45.1% and -32.0%, respectively) and Transport equipment (-20.8% and -16.3%, in the same order) were noteworthy. Excluding Fuels and lubricants , in December 2020, exports and imports both had year-on-year decreases of 3.8% (+2.9%% and -8.1% in the previous month, respectively. Exports - Total (year-on-year rate of change) Imports - Total (year-on-year rate of change) Compared with the previous month, in December 2020, exports and imports decreased by 18.8% and 8.2%, respectively (-4.3% and -5.5%, in the same order, in December 2020). In December 2020, considering the main destination countries in 2019 and compared to December of that year: • In exports, the emphasis went to the decreases towards Spain (-5.9%) and the Netherlands (-20.8%), mainly in Fuels and lubricants , and France (-6.7%), mostly in Transport equipment ; • In imports, there was a noteworthy reduction to Germany (-15.1%), mainly in Passenger cars . The trade balance of goods deficit was EUR 1,370 million in December 2020 (EUR 59 million less than in December 2019). In December 2020, excluding Fuels and lubricants , the trade balance recorded a negative balance of EUR 1,159 million, corresponding to a decrease of EUR 45 million in the deficit compared to December 2019. In 2020 as a whole: • Exports and imports of goods decreased by 10.2% and 15.2%, respectively, compared to the previous year (+3.5% and +6.0%, in the same order, in 2019). Exports of goods had not recorded a negative year-on-year rate of change since 2009; • The trade balance deficit reached EUR 14,051 million in 2020 which represents a decrease of EUR 6 024 million vis-à-vis the previous year. -7.8% -45.0% -35.0% -25.0% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0% 45.0% Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 -6.9% -45.0% -35.0% -25.0% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0% 45.0% Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 More information available at: International trade statistics – December 2020 (09 February 2021)

RkJQdWJsaXNoZXIy MjM5MTA=