SYNTHESIS INE@COVID-19, 3-Nov-2021

November . 03 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 2/16 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt • Compared to 2019, the trade balance of goods recorded a decrease in the deficit of EUR 5,686 million, revealing a balance of EUR 14,388 million; International Trade in Goods - Trade balance Evolution of the annual value, 2011-2020 -14,388 -25,000 -20,000 -15,000 -10,000 -5,000 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 EUR Million • Excluding Fuels and lubricants , exports decreased by 8.9% and imports declined by 12.3% (+4.4% and +6.8%, respectively in 2019) and the deficit reduced by EUR 3,699 million to EUR 10,936 million; • Spain, France, and Germany remained the main external buyers and suppliers of goods to Portugal, jointly concentrating more than half of exports (50.8%, +1.2 percentage points (p.p.) than in 2019) and imports (53.2%, -0.4 p.p.); • Spain remained the main partner, with a share of 25.4% in exports and 32.4% in imports. The trade deficit of transactions with the neighbouring country decreased by EUR 1,142 million; • Transactions with Spain, Germany, and China continued to show the main deficit balances. The largest surplus was recorded in trade with France, which recorded the highest increase in the balance among all partner countries (EUR +2.319 billion); • Vehicles and other transport equipment was the most exported group, followed by Machinery and equipment . In imports, these were also the main groups traded, but in reverse order concerning exports. Imports of COVID-19 pandemic-related products In 2020: • Imports of COVID-19 pandemic-related products (excluding vaccines), increased by 17.0% (EUR +725 million) compared to the previous year, amounting to EUR 4,977 million; • The group Protective equipment was the one that presented the biggest increase in imports (+402 million euros, corresponding to +63.8%), with masks from China standing out; • This was followed by the increase in imports of Chemical products/tests (+12.2%, EUR +293 million), mainly due to medicines including those used in the treatment of COVID-19 and diagnostic reagents. The increase in this group was mainly observed in imports from Spain; • Imports of Medical devices/instruments registered an increase of 2.4% (EUR +29 million) compared to 2019. The increase in imports of Ozone therapy, oxygen therapy, aerosol therapy, resuscitation breathing apparatus, and other respiratory therapy apparatus from China stood out in this group.