SYNTHESIS INE@COVID-19, 14 Oct -2020

October . 14 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 6/11 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Exports and imports of goods decreased in August by 1.4% and by 11.6% respectively, in nominal terms More information available at: International trade statistics – August 2020 (09 October 2020) In August 2020, exports and imports of goods recorded year-on-year rates of change of -1.4% and -11.6%, respectively (-7.1% and -20.4% in July 2020, in the same order). Most product categories in international trade presented significant declines in August, in particular: • In exports: Industrial supplies (-7.2%); • In imports: Transport equipment (-32.9%). Exports - Total (year-on-year rate of change) In August, excluding Fuels and lubricants , exports and imports decreased by 0.5% and by 10.8%, respectively (-3.9% and -16.0%, in the same order, in July 2020). In July 2020, when considering the main partner countries in 2019: • concerning exports, the decreases to Angola (-32,7%) and the United Kingdom (-11.2%) and the increases to France (+21.1%) stood out; • concerning imports, there were decreases in almost all the main partners, with the emphasis on the decrease from France (-37,6%), mostly due to Other transport equipment (airplanes) and Spain. Imports - Total (year-on-year rate of change) In August 2020, the deficit of trade balance amounted to EUR 1,048 million (-EUR 575 million compared to July 2019). Excluding Fuels and lubricants , in August 2020, the trade balance stood at EUR -772 million, corresponding to a decrease of EUR 513 million in the trade deficit vis-à-vis August 2019. -1.4% -45.0% -35.0% -25.0% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0% 45.0% Aug-18 Sep-18 Oct-18 Nov-18 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 -11.6% -45.0% -35.0% -25.0% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0% 45.0% Aug-18 Sep-18 Oct-18 Nov-18 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