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Financial News: Portugal Trade Deficit Widens

Portugal Trade Deficit Widens

01/10/2022 - 10:39:00 (RTTNews)

(RTTNews) - Portugal trade deficit in November widened from a year ago, preliminary figures from Statistics Portugal showed Monday. The trade gap increased to EUR 2.097 billion from EUR 935 million in the same month a year ago. In October, the deficit was EUR 2.000 billion. Exports rose 15.7 percent year-on-year, the strongest increase in three months. Compared to the previous month, exports grew 7.3 percent. Imports surged 32.3 percent annually, marking the biggest increase since May. On a month-on-month basis, imports increased 6.6 percent. Excluding fuels and lubricants, exports and imports grew 15.9 percent and 23.7 percent, respectively, from a year ago.

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