Portugal's trade deficit narrowed to 2.99 billion euros in August, with export growth surpassing imports.
智通财经2026/10/09 11:06(1) Portugal's trade deficit narrowed to 2.99 billions euros in August 2026, compared to 3.11 billions euros in the same period last year. (2) Exports rose by 6.8% to 5.36 billions euros, driven by a surge of 61.7% in fuel and lubricant prices. (3) Exports of machinery and other capital goods increased by 16.7%, industrial goods exports rose by 6.5%, while exports of transport equipment fell by 19.1%, mainly due to a decrease in passenger car sales. (4) Exports to the Netherlands increased by 46.8%, exports to Spain grew by 11.2%, while shipments to the United States declined by 28.5%. (5) Imports grew by just 2.8% to 8.35 billions euros, with fuel and lubricant imports increasing by 23.5% and imports of machinery and other capital goods rising by 16.7%. (6) Imports of industrial goods fell by 8.6%, mainly due to chemicals. (7) In the first eight months of 2026, Portugal's trade deficit widened to 24.42 billions euros, compared to 21.97 billions euros in the same period last year.
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German Minister of Economy: Priority will be given to releasing diesel and heating oil, followed by crude oil. Germany will release up to 15 million barrels of oil and petroleum products.
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