Financial News: Portugal Trade Gap Widens In December

Portugal Trade Gap Widens In December

02/10/2025 - 08:22:00 (RTTNews)

(RTTNews) - Portugal's trade gap increased in December from a year ago as exports fell amid an increase in imports, figures from Statistics Portugal showed on Monday.

The trade deficit rose to EUR 2.91 billion in December from EUR 2.43 billion in the same month last year. In November, the shortfall was EUR 2.51 million.

Exports fell 2.5 percent year-on-year in December, following a 2.0 percent fall in November.

Imports climbed 4.0 percent annually in December, slower than the 4.6 percent rise in the previous month.

Data showed that there was a decrease in exports of industrial supplies and an increase in imports of fuels and lubricants compared to December 2023, the agency said.

During the fourth quarter, both exports and imports climbed by 4.0 percent and 5.4 percent, respectively.

In the whole year 2024, the trade deficit of the country rose somewhat to EUR 27.89 billion from EUR 27.81 billion in 2023. Exports were 2.5 percent higher, and imports rose by 1.9 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Business Confidence Survey Data Due On Tuesday (02 hr(s), 46 min(s), 36 sec(s) ago)
(RTTNews) - Australia will on Tuesday January results of the surveys of business confidence and bu ...Full Story»

U.S. Households' Longer Term Inflation Expectations Rise: NY Fed Survey (04 hr(s), 48 min(s), 36 sec(s) ago)
(RTTNews) - American households' expectations of inflation in five years increased in January, ...Full Story»

Slovenia Industrial Production Rises In December (05 hr(s), 22 min(s), 36 sec(s) ago)
(RTTNews) - Slovenia's industrial production grew in December led by strong output in mining a ...Full Story»

Cyprus Vehicle Registrations Down 3.9% In January (08 hr(s), 22 min(s), 36 sec(s) ago)
(RTTNews) - Motor vehicle registrations in Cyprus decreased in January compared to the same month ...Full Story»

Austria Production Index Plunges 9.6% (10 hr(s), 35 min(s), 36 sec(s) ago)
(RTTNews) - Austria's production index posted a sharper decline in December, figures from Stat ...Full Story»

Denmark Inflation Slows To 4-Month Low (10 hr(s), 45 min(s), 36 sec(s) ago)
(RTTNews) - Denmark's consumer price inflation softened in January to the lowest level in four ...Full Story»

Latvia Inflation Eases To 3.0% (11 hr(s), 09 min(s), 36 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation eased slightly in January after accelerating in ...Full Story»

Cyprus December Trade Deficit Widens (11 hr(s), 50 min(s), 36 sec(s) ago)
(RTTNews) - Cyprus' merchandise trade deficit widened sharply in December as imports surged wh ...Full Story»