Portugal’s trade deficit increases by 25 pct in first half of 2014

16 September 2014

Portugal recorded a trade deficit of 5 billion euros in the first half of the year, an increase of 25 percent compared to the 4 billion-euro figure in the same period of 2013, according to figures published Monday by Eurostat.

The country had the fifth-largest deficit of the European Union’s 28 countries and the Eurostat figures showed that exports stagnated at 23.9 billion euros, while imports grew by 4 percent to 28.9 billion euros.

From January to June, the biggest deficit was posted in the United Kingdom, with a difference between exports and imports of60.2 billion euros, followed by France with 36.9 billion euros, Spain with 11.9 billion euros and Greece with 10.6 billion euros.

In Eurostat’s first estimate for the month of July, the euro zone posted a trade surplus of 21.2 billion euros overall, or 3,2 billion euros more than in the same month of 2013. Amongst the 28 members countries the surplus totals 1.7 billion euros compared to 10.8 billion euros a year ago. (macauhub/PT)