Portuguese goods exports slipped 1.5% year on year in May while imports fell 3.4%, INE data show, narrowing the trade deficit to €2.234 billion. Sales to Spain and France dropped, and part of the decline reflected falling prices rather than lower volumes.
Industrial turnover rose 7% year-on-year in May, INE data show — down from April's 9.4%, with turnover falling 0.8% on the month. Energy did most of the work; consumer goods were near flat, industrial employment slipped 0.7% and export growth decelerated sharply.
From 1 July a new EU regulation cuts duty-free steel import quotas by 47% and doubles the over-quota tariff to 50%, replacing safeguards that expire on 30 June. Brussels says it shields European steelmakers, but Portugal's metalworking association warns higher input costs threaten about 250,000 jobs
BdP's April balance-of-payments cuts the external surplus to €814M through April — €714M below the 2025 comparable. Goods deficit widens €968M, services slip €167M on Red Sea maritime-cargo costs, and primary income improves €468M.
As the Portuguese national football team prepared to open its 2026 FIFA World Cup campaign against the Democratic Republic of the Congo at 18:00 Western European Summer Time (WEST) in Houston, the country's bilateral economic relationship with its...
The IVV is pulling its €1 billion wine-export milestone forward to 2026 despite a 15% US tariff hit, betting on a China pivot, premium pricing and a steady euro-dollar pair — but a 20% Douro yield drop is the biggest hidden risk.
Portugal's monthly trade tape lost its momentum in May. The Instituto Nacional de Estatística (National Institute of Statistics) reported that exports of goods contracted 1.5% year-on-year and imports fell 3.4%, a reversal of the +15.5% export jump...
