According to data released by the Banco de Portugal, in the last five years exports and imports of goods and services registered annual average growth rates of 4.9% and 1.2%, respectively. In the 1st half 2016, exports of goods and services saw a decrease of 1.3% in relation to the same period of the previous year, and
imports decreased by 2%, taking the coverage rate to 103%.
The trade balance of goods and services was positive between 2012 and the 1st half 2016, inverting the negative tendency registered in the past.
With regards to exports and imports of goods, in the first half 2016 there was a reduction of 1.4% in both over the same period, according to date from INE (National Statistics Office), corresponding to a coverage ratio of 83.2%. The trade balance of goods continues to show a deficit in the first half 2016, verifying, however, a reduction over the same period.
In the 1st half 2016, machinery and tools continue to be the most exported products (15.3% of the total), followed by vehicles and other transport material (12.1%), plastics and rubber (7.7%), base metals (7.5%) and clothing (6.2%). These five main product groups represent 48.8% of the total exported by Portugal in that
period (against 47.8% in the same period of 2015)