SYNTHESIS [email protected], 18 Jan-2021

January . 18 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 9/13 Communication Unit | tel: +351 21 842 61 10 | [email protected] In November, exports and imports decreased in year-on-year terms In November 2020, exports and imports of goods recorded nominal year-on-year rates of change of -0.4% and -12.1% respectively (-2.3% and -11.4% the previous month, in the same order). In November 2020, the decreases in exports and imports of Fuels and lubricants (-42.9% and -47.5% respectively) and imports of Transport equipment (-35.3%), especially Other transport equipment (mostly aircraft), stood out. In November 2020, excluding Fuels and lubricants (year-on-year rates of change): • Exports increased by 2.7% (-1.4% in the previous month); • Imports decreased by 8.3% (-8.4% the previous month). Exports - Total (year-on-year rate of change) Imports - Total (year-on-year rate of change) In terms of the rates of change over the previous month, exports and imports fell by 4.6% and 5.6% respectively in November 2020 (+8.9% and +5.0%, in the same order, in October 2020). In November 2020, considering the main destination countries in 2019 and compared to November that year: • In terms of exports, the emphasis goes to the decreases to Germany (-7.9%, mainly Passenger motor cars ), Angola (-26.3%, mostly Food and beverages ), and the United States (-11.7%, mainly due to Fuels and lubricants ); • In imports, there were decreases from most of the main partners, notably France (-34.4%) and Germany (-18.2%), in both cases mainly in Transport equipment (mostly aircraft). In November 2020, the deficit of trade balance was EUR 888 million (EUR 820 million less than in November 2019). Excluding Fuels and lubricants , the trade balance recorded a negative balance of EUR 735 million in November 2020, corresponding to a decrease in the deficit of EUR 651 million compared to November 2019. More information available at: International trade statistics – November 2020 (8 January 2021) -0.4% -45.0% -35.0% -25.0% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0% 45.0% Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 mai-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 mai-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 -12.1% -45.0% -35.0% -25.0% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0% 45.0% Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 mai-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 mai-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20

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