Summary
Exports of goods increased by 8.3% and imports of goods decreased by 6.5% in the quarter ended in July 2012, when compared with the period May 2011 through July 2011, which led to a EUR 1 887.1 million decrease on the deficit of the trade balance.
The exports to the Brazilian market have been increasing in recent years, currently ranking 11th as Portugal’s main foreign client in the first half of 2012, considering overall International trade. When considering exports to Extra-EU countries, Brazil ranks 4th as main destination of Portuguese goods in the same period. Agricultural products are the main exported goods towards that market.