Exports and imports drop 6.9% and 4.1% in May


Share post:

Exports and imports decreased 6.9% and 4.1%, respectively, in May compared to the same month in 2022, highlighting the falls in exports of industrial supplies and fuel imports, announced the INE today.

“In May 2023, exports and imports of goods recorded nominal year-on-year changes of -6.9% and -4.1%, respectively (-3.3% and -6.0%, in the same order, in April 2023),” says the National Statistics Institute (INE) in the “International Trade Statistics”.

This is the second consecutive month of decline in Portugal’s transactions of goods with foreign markets, which had not fallen since the first months of 2021.

Related articles

Chico Buarque’s new novel to be published in Portugal in September

Chico Buarque's new novel, "Bambino a Roma", which mixes fiction with memories of the time when the writer...

273 speed camera infringements detected in one month on Vasco da Gama Bridge

More than 1.8 million vehicles were checked by radar in one month on the Vasco da Gama Bridge,...

Lisbon-Porto high-speed line receives European Union funding

The high-speed rail link between Lisbon and Porto was today one of 134 projects selected by the European...

João Nicolau’s new film marks Salvador Sobral’s film debut

The shooting of the new film by director João Nicolau began last week in Castanheira de Pêra, with...