Portugal’s exports of goods increased by 1.8 percent year-on-year in 2014, totalling almost 48.2 billion euros (US$53 billion), the country’s statistics bureau announced on Tuesday.
According to Statistics Portugal, the nation’s imports of goods went up 3.2 percent last year to 58.9 billion euros. Portugal’s deficit in the trade balance of goods increased by 966.8 million euros to 10.7 billion euros, the bureau added.
“Spain remained as the main partner of Portugal and stood for 23.5 percent of Portuguese exports of goods and for 32.5 percent of imports,” Statistics Portugal said in a statement.
France has surpassed Germany as the second biggest destination of Portugal’s exports.
In 2014, Spain, Germany and France remained Portugal’s main suppliers, jointly accounting for 51.9 percent of the country’s imports.
“Due to the sharp decrease in imports of mineral fuels, the highest trade-of-goods surplus was registered with Angola,” the bureau noted.
Statistics Portugal also pointed out that, “despite the increases in trade” with non-EU countries, “registered in recent years”, in 2014 the statistical weighting of exports to places outside the EU decreased year-on-year by 0.6 percentage points to 29.1 percent.
In 2014, machinery and mechanical appliances, vehicles and other transport equipment; and mineral fuels continued to be the main groups of goods exported by Portugal. Mineral fuels, machinery and mechanical appliances maintained their position as the main groups of imported goods.