Statistics Portugal announced that for the three months ending in September, Portugal's trade deficit narrowed by nearly 5% year-on-year to 2.663 billion euros; the year-on-year growth rates for imports and exports expanded to 3.6% and 5.8% respectively. During this period, imports and exports to the European Union rose by 6.1% and 6% year-on-year respectively, with the trade deficit expanding by 6.6% year-on-year to 2.019 billion euros.
In September alone, Portugal's export value turned to a 9.8% year-on-year increase, reversing the 0.5% decline in August; it surged by 18.7% month-on-month. During the same period, the import value rose by 3.7% year-on-year, reversing the 3.8% decline in August; it rose by 14.4% month-on-month.
