“The trade deficit increased by 400.6 million euros, standing at 2.7942 billion euros, and the coverage rate dropped to 82.4%, ie -1.2% percentage points “said the INE.
According to preliminary overall results Portuguese goods exports grew 7.4% between April and June, compared to the same period of 2014, to 13,078 million euros, imports to rise 9% to 15,872 million euros.
In June, exports of goods grew by 9% and imports of goods increased 5.4% year on year.
The rise in exports in June was due “mainly to intra-EU trade [within the EU] (generalized to almost all product groups, but particularly in vehicles and other transport equipment, plastics and rubber and other products” explains the INE.
The development of imports in June was also due to the evolution of intra-”reflecting the addition of almost all product groups, especially vehicles and other transport equipment and chemicals, given that there has been a reduction in extra-EU trade. “
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