Portugal balance of trade

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Portugal balance of trade: -2371 (-10.2%)
Last Update: October 31, 2024

Portugal balance of trade closed down -2371 as of October 31, 2024 from -2640.36 from the previous month and -2925.69 from last year.


Portugal balance of trade Analytics & Data




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Portugal balance of trade

Date Values
2024-10-31 -2371
2024-09-30 -2640.36
2024-08-31 -2086.93
2024-07-31 -2085
2024-06-30 -1929
2024-05-31 -2212.71
2024-04-30 -2379.13
2024-03-31 -1718.21
2024-02-29 -2435.46
2024-01-31 -1757.12
2023-12-31 -2434.39
2023-11-30 -1956.95
2023-10-31 -2925.69
2023-09-30 -2403.42
2023-08-31 -2448.63
2023-07-31 -2257.69
2023-06-30 -2085.49
2023-05-31 -2450.15
2023-04-30 -2177.07
2023-03-31 -2092.35
2023-02-28 -2368.76
2023-01-31 -2060.52
2022-12-31 -2858.14
2022-11-30 -2561.11

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Portugal balance of trade Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade pt.balanceoftrade -2371.0 -2640.36 -10 -19 Down UP 25 2024-10-31

Portugal balance of trade Quantitative Analysis, Charts & Factors

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Portugal balance of trade Historical Data

The MacroVar database offers free access to historical data for the Portugal balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Portugal balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Portugal balance of trade

Portugal's balance of trade refers to the difference between the value of goods and services that the country exports and the value of goods and services that it imports. A positive balance of trade occurs when the value of exports is greater than the value of imports, resulting in a trade surplus. On the other hand, a negative balance of trade occurs when the value of imports exceeds the value of exports, leading to a trade deficit. A favorable balance of trade is important for a country's economy as it can lead to increased economic growth, job creation, and overall prosperity. In the case of Portugal, maintaining a healthy balance of trade is crucial for sustaining economic stability and competitiveness in the global market.

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