AICEP | Portuguese exports up 10.3%, imports up 17.5% in September

“In September 2021, exports and imports of goods recorded nominal year-on-year growth rates of +10.3% and +17.5%, respectively,” Statistics Portugal (INE) announced.

The exports of goods increased 10.3% YoY, and imports rose 17.5% YoY this September. In the cumulative period from January to September 2021, Portuguese companies exported 20.1% and imported 18.1% more compared to last year. Statistics Portugal (INE) announced.

“In September 2021, exports and imports of goods recorded nominal year-on-year growth rates of +10.3% and +17.5%, respectively (+16.9% and +21.9%, in the same order, in August 2021),” stated the statistics office, adding that, “compared to September 2019, the rates of change were +10.8% and +7.8%, in the same order.”

Excluding fuels and lubricants, exports and imports rose by 7.8% and 10.2%, respectively (+13.1% and +16.3%, in the same order, in August 2021). Compared with August 2019, there were increases of 9.0% in exports and 5.9% in imports.

As for the deficit of trade balance in goods, it increased by €559 million when compared with the same month of 2020 (it decreased by €13 million compared to September 2019), rising to €1,719 million in September 2021.

In the accumulated period from January to September 2021, the nominal year-on-year changes in exports and imports were 20.1% and 18.1%, respectively, “with emphasis on the increases in Industrial supplies (26.3% compared to 2020 in exports; 32.4% vis-à-vis 2020 in imports) and the decreases in Transport equipment (13.3% compared to 2020 in exports; 4.9% vis-à-vis 2020 in imports),” said INE.

Compliments of AICEP Portugal Global – a member of the EACCNY.