Insights for Portugal

MoM insights: In the month-on-month analysis, imports from Angola saw a significant increase of 55.49M EUR, representing a 16.73% rise. Nigeria and Kuwait also experienced growth, with increases of 38.65M EUR (1.90%) and 27.18M EUR (1.48%) respectively. On the other hand, imports from Spain decreased by 273.78M EUR (-8.11%), while China and Italy saw declines of 166.63M EUR (-26.64%) and 111.52M EUR (-20.41%) respectively. For exports, Germany led with an increase of 229.5M EUR (28.49%), followed by Italy with 64.52M EUR (22.67%) and Ukraine with 10.34M EUR (32.28%). Conversely, exports to Spain fell by 105.31M EUR (-5.79%), France by 49.9M EUR (-5.79%), and Angola by 38.66M EUR (-31.73%). Overall, total exports decreased by 199.44M EUR (-2.90%), while imports fell by 1.01B EUR (-10.47%).

YoY insights: In the year-on-year analysis, imports from Spain increased by 74.69M EUR (2.47%), while imports from China and Angola rose by 68.1M EUR (17.43%) and 57.77M EUR (55.78%) respectively. Imports from Germany also saw a rise of 56.45M EUR (5.55%). However, imports from Ireland, the United States, and Brazil experienced significant declines, with decreases of 581.31M EUR (-88.43%), 103.69M EUR (-39.78%), and 79.75M EUR (-64.38%) respectively. For exports, Germany again led with an increase of 131.65M EUR (14.57%), followed by Turkey with 30.77M EUR (58.19%) and the United Kingdom with 27.76M EUR (9.24%). Exports to Spain, the United States, and the Netherlands saw declines of 144.32M EUR (-7.67%), 76.35M EUR (-20.73%), and 34.4M EUR (-15.58%) respectively. Overall, total exports decreased by 127.76M EUR (-1.88%), while imports fell by 638.71M EUR (-6.87%).