In March 2018, exports of goods recorded a -5.7% year-on-year nominal rate of change, contrary to the growth registered in the preceding month (+5.8%). Imports of goods increased by 0.1%, corresponding to a deceleration vis-à-vis the +8.1% rate of change recorded in February 2018. These evolutions partly reflect a calendar effect given that there were two less working days in March 2018 compared with March 2017.
The deficit of trade balance amounted to EUR 1,207 million in March 2018, i.e. increasing by EUR 306 million when compared with March 2017. Excluding Fuels and lubricants, the trade balance stood at EUR -915 million, corresponding to an increase of EUR 231 million in the trade deficit compared with March 2017.
In the 1st quarter 2018, exports and imports of goods grew by 2.7% and 6.3% respectively, vis-à-vis the same period a year earlier.
Besides the usual information, this press release includes a detailed analysis of the 2017 results (only available in Portuguese), including the dynamism of Portuguese exports and imports in comparison to the global performance of the main partners (Spain, Germany and France), benefiting from the recent availability of additional data on these countries.