Portugal’s trade surplus with Portuguese-speaking countries drops between January and April

5 July 2013

Portugal’s trade surplus with the Portuguese-speaking countries fell year on year from 784 million euros to 536 million euros in the period from January to April, according to figures published by Portuguese trade and investment agency AICEP.

The 31 percent drop in trade with those countries was due to Portuguese exports rising by 6.4 percent to 2.1 billion euros but imports increasing by 7.7 percent to 1.6 billion euros.

According figures from the Agency, which were based on figures from the National Statistics Institute and the Bank of Portugal, Angola is Portugal’s biggest trade partner amongst the Portuguese-speaking countries, and accounts for more trade than all the other countries put together.

In the first four months of the year Portugal exported products to Angola worth a total of 1.343 billion, and imported goods worth 1.127 billion euros.

Portugal’s second-biggest trading partner amongst the Portuguese-speaking nations, Brazil, sold goods to Portugal worth 416 million euros and imported goods worth approximately 600 million euros. (macauhub)