Portuguese exports increased 3.2% and imports rose 10.9% in April compared to the same month of 2018 but decelerated relative to March according to the National Statistics Institute (INE).
The exports had increased in March by 3.8% and imports by 12.1% year-on-year and nominal terms.
According to INE’s International Trade Statistics, the deceleration of exports was mainly due to developments in intra-European Union (EU) trade, with a notable increase in exports of transport equipment (+ 11.6%) and of industrial supplies (+ 6.7%).
INE’s highlights the increase in the exports to the Netherlands (+ 28.4%) and Italy (+ 23.8%) in 2018. The largest decreases were recorded in exports to Angola (-16.3%) and France (-2.0%).
Compared to the main suppliers in 2018 the year-on-year increase in imports from Germany (+ 20.6%) was mainly due to the increase in purchases of other transport equipment (mostly airplanes). Spain (+ 7.4%) and the United States (+ 245.0%).
Imports from the United States include increases in fuels and lubricants (processed products) and transportation material, mainly other transport material (mostly airplanes).