Portugal’s balance of trade deficit improves in 1st half

18 September 2012

Portugal’s balance of trade deficit improved by 3.6 billion euros in the first half of the year on totalling 5.1 billion euros, according to figures issued Monday by Eurostat.

The European Union’s statistics office also said that Portugal was the European Union country that posted the fourth highest rise in exports in the first half of 2012, with 9 percent more year on year, and also posted the third largest reduction in imports, by importing 6 percent less year on year.

Greece, Latvia, and Slovakia were the three countries in the region with bigger growth in exports than Portugal, according to the initial estimated from Eurostat, and Greece and Cyprus were the two countries that saw the greatest drops in imports.

In the period, of all the EU member state Germany posted the highest trade surplus (92.4 billion euros) and the United Kingdom posted the highest deficit (73.8 billion euros). (macauhub)