Summary
Exports of goods increased by 4.5% and imports of goods decreased by 4.2% in the third quarter of 2012, when compared with the third quarter of 2011, which led to a EUR 1 076.8 million decrease on the deficit of the trade balance.
Trade balance of goods with Germany: Historically, Germany ranks as the second main commercial partner of Portugal, in both exports and imports. Trade balance of goods between Portugal and Germany has been showing a deficit, however with signs of improvement in recent years.