Portugal Trade Balance
1957 - 2025 | Monthly | USD mn | CEIC Data
Key information about Portugal's Trade Balance
- Portugal's Trade Balance recorded a deficit of 2.3 USD bn in Nov 2025, compared with a deficit of 3.3 USD bn in the previous month
- Portugal's Trade Balance data is updated monthly, available from Jan 1957 to Nov 2025, with an averaged value of -738.0 USD mn
- The data reached an all-time high of 4.5 USD mn in Jan 1974 and a record low of -4.0 USD bn in Jul 2025
Further information about Portugal's Trade Balance
- In the latest reports, Portugal's Total Exports reached 7.7 USD bn in Nov 2025, a decrease of 7.9% YoY (year-on-year)
- Total Imports recorded 11.5 USD bn in Sep 2025, a decrease of 7.9% YoY (year-on-year)
View Portugal's Trade Balance from Jan 1957 to Nov 2025 in the chart:
What was Portugal's Trade Balance in Nov 2025?
Portugal's Trade Balance recorded a deficit of 2.3 USD bn in Nov 2025, compared with a deficit of 3.3 USD bn in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -2,301.4 Nov 2025 | -3,327.8 Oct 2025 | -3,964.7 Jul 2025 | 4.5 Jan 1974 | USD mn | monthly | Jan 1957 - Nov 2025 |
Trade Balance by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | -515.1 Nov 2025 | monthly | Oct 1998 - Nov 2025 |
| Algeria (USD mn) | -274.8 Mar 2020 | monthly | Jan 2000 - Mar 2020 |
| Argentina (USD mn) | 2,333.1 Nov 2025 | monthly | Jan 1991 - Nov 2025 |
| Armenia (USD mn) | -477.2 Nov 2025 | monthly | Nov 1995 - Nov 2025 |
| Australia (USD mn) | 1,909.0 Nov 2025 | monthly | Jul 1971 - Nov 2025 |
| Austria (USD mn) | -270.9 Sep 2025 | monthly | Jan 1957 - Sep 2025 |
| Azerbaijan (USD mn) | 536.5 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Bahrain (USD mn) | 3,607.2 2024 | yearly | 1966 - 2024 |
| Bangladesh (USD mn) | -1,799.0 Oct 2025 | monthly | Jul 1986 - Oct 2025 |
| Belarus (USD mn) | -177.9 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Belgium (USD mn) | 3,897.9 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Bolivia (USD mn) | 14.1 Oct 2025 | monthly | Oct 1994 - Oct 2025 |
| Bosnia and Herzegovina (USD mn) | -660.5 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Botswana (USD mn) | -275.2 Oct 2025 | monthly | Jan 2001 - Oct 2025 |
| Brazil (USD mn) | 9,633.2 Dec 2025 | monthly | Jan 1959 - Dec 2025 |
| Brunei (USD mn) | 422.6 Oct 2025 | monthly | Jan 2010 - Oct 2025 |
| Bulgaria (USD mn) | -1,502.2 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Cambodia (USD mn) | -316.1 Dec 2025 | monthly | Jan 2010 - Dec 2025 |
| Canada (USD mn) | -416.9 Oct 2025 | monthly | Jan 1988 - Oct 2025 |
| Chile (USD mn) | 3,594.2 Dec 2025 | monthly | Jan 1968 - Dec 2025 |
| China (USD mn) | 114,138.1 Dec 2025 | monthly | Jan 1992 - Dec 2025 |
| Colombia (USD mn) | -2,282.8 Oct 2025 | monthly | Jan 1958 - Oct 2025 |
| Croatia (USD mn) | -1,731.0 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Cyprus (USD mn) | -729.6 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Czech Republic (USD mn) | 2,076.1 Nov 2025 | monthly | Jan 1996 - Nov 2025 |
| Denmark (USD mn) | 4,357.3 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Ecuador (USD mn) | 744.2 Nov 2025 | monthly | Mar 1992 - Nov 2025 |
| Egypt (USD mn) | -4,580.0 Oct 2025 | monthly | Jan 1957 - Oct 2025 |
| Estonia (USD mn) | -344.0 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| European Union (USD mn) | 10,202.0 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Finland (USD mn) | 186.3 Oct 2025 | monthly | Jan 1992 - Oct 2025 |
| France (USD mn) | -7,719.6 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Georgia (USD mn) | -1,170.6 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Germany (USD mn) | 15,094.7 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Ghana (USD mn) | 1,084.1 Oct 2025 | monthly | Mar 2005 - Oct 2025 |
| Greece (USD mn) | -3,237.1 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Hong Kong SAR, China (USD mn) | -6,237.9 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Hungary (USD mn) | 40.5 Nov 2025 | monthly | Jan 1976 - Nov 2025 |
| Iceland (USD mn) | -321.7 Dec 2025 | monthly | Jan 1957 - Dec 2025 |
| India (USD mn) | -25,040.0 Dec 2025 | monthly | Jan 1957 - Dec 2025 |
| Indonesia (USD mn) | 2,662.3 Nov 2025 | monthly | Jan 1967 - Nov 2025 |
| Iran (USD mn) | 43,142.0 2024 | yearly | 1948 - 2024 |
| Ireland (USD mn) | 4,997.8 Oct 2025 | monthly | Jan 1970 - Oct 2025 |
| Israel (USD mn) | -3,176.7 Dec 2025 | monthly | Jan 1988 - Dec 2025 |
| Italy (USD mn) | 3,226.9 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Ivory Coast (USD mn) | 611.8 Sep 2025 | monthly | Jan 1981 - Sep 2025 |
| Japan (USD mn) | -27.9 Oct 2025 | monthly | Apr 1995 - Oct 2025 |
| Jordan (USD mn) | -2,062.2 Oct 2025 | monthly | Jan 1972 - Oct 2025 |
| Kazakhstan (USD mn) | 600.4 Nov 2025 | monthly | Sep 1995 - Nov 2025 |
| Kenya (USD mn) | -1,129.9 Nov 2025 | monthly | Oct 1992 - Nov 2025 |
| South Korea (USD mn) | 12,180.0 Dec 2025 | monthly | Jan 1966 - Dec 2025 |
| Kosovo (USD mn) | -617.0 Oct 2025 | monthly | Jan 2003 - Oct 2025 |
| Kuwait (USD mn) | 2,691.8 Aug 2025 | monthly | Jan 1993 - Aug 2025 |
| Kyrgyzstan (USD mn) | -856.5 Oct 2025 | monthly | Jan 2002 - Oct 2025 |
| Laos (USD mn) | 418.6 Sep 2025 | quarterly | Dec 1992 - Sep 2025 |
| Latvia (USD mn) | -376.6 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Lebanon (USD mn) | -1,230.5 Aug 2025 | monthly | Jan 1993 - Aug 2025 |
| Lithuania (USD mn) | -617.8 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Luxembourg (USD mn) | -1,192.9 Oct 2025 | monthly | Jan 1988 - Oct 2025 |
| Macau SAR, China (USD mn) | -1,256.0 Nov 2025 | monthly | Jan 1998 - Nov 2025 |
| North Macedonia (USD mn) | -295.3 Nov 2025 | monthly | Dec 1993 - Nov 2025 |
| Malawi (USD mn) | -173.1 Jul 2025 | monthly | Jan 1964 - Jul 2025 |
| Malaysia (USD mn) | 1,716.8 Nov 2025 | monthly | Jan 1990 - Nov 2025 |
| Malta (USD mn) | -83.4 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Mauritius (USD mn) | -481.9 Oct 2025 | monthly | Jan 2006 - Oct 2025 |
| Mexico (USD mn) | -274.1 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Moldova (USD mn) | -583.3 Nov 2025 | monthly | Jan 1992 - Nov 2025 |
| Mongolia (USD mn) | 857.9 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Montenegro (USD mn) | -319.9 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Morocco (USD mn) | -3,435.1 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Mozambique (USD mn) | -5.2 Sep 2025 | monthly | Jan 2011 - Sep 2025 |
| Myanmar (USD mn) | 183.9 Jul 2022 | monthly | Jan 1957 - Jul 2022 |
| Nepal (USD mn) | -932.8 Dec 2025 | monthly | Aug 1974 - Dec 2025 |
| Netherlands (USD mn) | 12,315.0 Nov 2025 | monthly | Jan 1996 - Nov 2025 |
| New Zealand (USD mn) | -92.3 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Nigeria (USD mn) | 2,213.2 Jun 2025 | monthly | Jan 2003 - Jun 2025 |
| Norway (USD mn) | 4,245.8 Dec 2025 | monthly | Jan 1957 - Dec 2025 |
| Oman (USD mn) | 1,827.8 Oct 2025 | monthly | Jan 1975 - Oct 2025 |
| Pakistan (USD mn) | -2,924.2 Nov 2025 | monthly | Jan 1968 - Nov 2025 |
| Palestinian Territory (USD mn) | -491.1 Sep 2025 | monthly | Jan 2011 - Sep 2025 |
| Panama (USD mn) | -1,324.4 Oct 2025 | monthly | Jan 1964 - Oct 2025 |
| Paraguay (USD mn) | -364.3 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Peru (USD mn) | 4,233.1 Oct 2025 | monthly | Jan 1985 - Oct 2025 |
| Philippines (USD mn) | -3,513.6 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Poland (USD mn) | 905.8 Oct 2025 | monthly | Jan 1986 - Oct 2025 |
| Portugal (USD mn) | -2,301.4 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Qatar (USD mn) | 3,430.8 Nov 2025 | monthly | Jan 2014 - Nov 2025 |
| Romania (USD mn) | -2,613.1 Nov 2025 | monthly | Aug 1990 - Nov 2025 |
| Russia (USD mn) | 15,396.1 Sep 2025 | monthly | Jan 1998 - Sep 2025 |
| Saudi Arabia (USD mn) | 72,543.2 2024 | yearly | 1957 - 2024 |
| Serbia (USD mn) | -930.7 Nov 2025 | monthly | Jan 2001 - Nov 2025 |
| Singapore (USD mn) | 5,887.1 Nov 2025 | monthly | Jan 1976 - Nov 2025 |
| Slovakia (USD mn) | 583.5 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Slovenia (USD mn) | -392.6 Nov 2025 | monthly | Nov 1991 - Nov 2025 |
| South Africa (USD mn) | 2,190.1 Nov 2025 | monthly | Oct 2004 - Nov 2025 |
| Spain (USD mn) | -4,878.7 Oct 2025 | monthly | Nov 1975 - Oct 2025 |
| Sri Lanka (USD mn) | -730.7 Nov 2025 | monthly | Jan 1982 - Nov 2025 |
| Sudan (USD mn) | -464.5 Sep 2025 | monthly | Jan 2003 - Sep 2025 |
| Sweden (USD mn) | 1,220.0 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Switzerland (USD mn) | -790.7 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
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Learn more about what we doPortugal Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 0.4 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | 3,449.979 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Tax Revenue (USD mn) | 27,008.651 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Tax Revenue: % of GDP (%) | 29.4 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| National Government Debt (USD mn) | 345,501.8 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Government Debt: % of GDP (%) | 97.6 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Forecast: Government Expenditure (EUR bn) | 156.693 2030 | yearly | 1986 - 2030 |
| Forecast: Government Net Debt (EUR bn) | 280.157 2030 | yearly | 1990 - 2030 |
| Forecast: Government Revenue (EUR bn) | 153.396 2030 | yearly | 1986 - 2030 |
| General Govt Gross Debt: as % of GDP (%) | 97.600 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Government Budget: ytd: Revenue: Current: Tax: Direct (EUR mn) | 22,801.247 Oct 2025 | monthly | Dec 1992 - Oct 2025 |
| Government Budget: ytd: Balance (EUR mn) | -4,270.494 Oct 2025 | monthly | Dec 1992 - Oct 2025 |
| Government Budget: ytd: Revenue (EUR mn) | 61,989.239 Nov 2025 | monthly | Dec 2004 - Nov 2025 |
| Government Budget: ytd: Expenditure (EUR mn) | 60,259.798 Oct 2025 | monthly | May 2009 - Oct 2025 |
| Government Budget: ytd: Revenue: Current: Tax: Indirect: Value Added Tax (EUR mn) | 24,257.188 Nov 2025 | monthly | Dec 1992 - Nov 2025 |
| Government Budget: ytd: Expenditure: Current (EUR mn) | 56,887.064 Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Government Budget: ytd: Expenditure: Capital (EUR mn) | 3,372.733 Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.806 2030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | -2,301.4 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Total Exports (USD mn) | 7,707.2 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Total Exports Growth (%) | -1.7 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Aluminum: Exports (USD th) | 311,567.683 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 3,528,600.993 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 156,342.270 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 11,532.8 Sep 2025 | monthly | Jan 1993 - Sep 2025 |
| Total Imports Growth (%) | -3.0 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Imports: Medicament (USD th) | 2,985,797.474 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 1,408,935.558 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 336.110 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Total Imports from USA (USD mn) | 181.382 Nov 2025 | monthly | Dec 1974 - Nov 2025 |
| Total Exports to China (USD mn) | 60.889 Nov 2025 | monthly | Sep 1994 - Nov 2025 |
| Total Imports from China (USD mn) | 530.235 Nov 2025 | monthly | Feb 1974 - Nov 2025 |
| Exports (EUR) | 6,668,250,924.000 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Exports: Plastics and Articles (EUR mn) | 280.905 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: Mineral Fuels, Mineral Oils and Products of Their Distillation (EUR mn) | 145.354 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: Electrical Machinery and Equipment (EUR mn) | 597.665 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: Vehicles Other Than Railway and Tramway (EUR mn) | 1,001.039 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: Footwear and Gaiters (EUR mn) | 135.689 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: EU: Spain (EUR mn) | 1,822.289 Oct 2025 | monthly | Jan 2004 - Oct 2025 |
| Exports: EU: France (EUR mn) | 811.346 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: EU: Germany (EUR mn) | 1,035.105 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports (EUR) | 8,659,466,501.000 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Imports: Mineral Fuels, Mineral Oils and Products of Their Distillation (EUR mn) | 581.379 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: Vehicles Other Than Railway and Tramway (EUR mn) | 1,143.243 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: Plastics and Articles (EUR mn) | 353.338 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: Nuclear Reactors, Boilers (EUR mn) | 818.472 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: Electrical Machinery and Equipment (EUR mn) | 888.003 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: EU: Germany (EUR mn) | 1,078.514 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: EU: Spain (EUR mn) | 3,103.768 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: EU: France (EUR mn) | 658.496 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: Non EU: United States (EUR mn) | 156.932 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Import Value Index (2015=100) | 146.028 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 136.577 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.2 Nov 2025 | monthly | Dec 1997 - Nov 2025 |
| Household Debt: % of GDP (%) | 55.9 Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Non-Performing Loans (USD mn) | 2,941.644 Nov 2025 | monthly | Dec 1997 - Nov 2025 |
| Money Supply M1 (USD mn) | 175,751.669 Oct 2025 | monthly | Dec 1979 - Oct 2025 |
| Money Supply M2 (USD mn) | 353,348.016 Oct 2025 | monthly | Dec 1979 - Oct 2025 |
| M2 Growth (%) | 6.0 Oct 2025 | monthly | Dec 1980 - Oct 2025 |
| Reserve Requirement Ratio (%) | 1.0 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 10,723.2 Nov 2025 | monthly | Dec 1999 - Nov 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 1.976 Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.1 Nov 2025 | monthly | Dec 1999 - Nov 2025 |
| Gold Reserves (USD mn) | 46,911.414 Sep 2025 | monthly | Dec 1956 - Sep 2025 |
| Total Deposits (USD mn) | 345,941.822 Oct 2025 | monthly | Dec 1979 - Oct 2025 |
| Total Deposits Growth (%) | 6.0 Nov 2025 | monthly | Dec 1980 - Nov 2025 |
| Domestic Credit (USD mn) | 396,331.3 Nov 2025 | monthly | Dec 1979 - Nov 2025 |
| Domestic Credit Growth (%) | 0.3 Aug 2019 | monthly | Dec 2001 - Aug 2019 |
| Debt Service Ratio: Households (%) | 5.900 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 12.600 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Credit to Households (USD bn) | 185.143 Jun 2025 | quarterly | Dec 1979 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 453.321 Jun 2025 | quarterly | Mar 1957 - Jun 2025 |
| Household Debt (USD mn) | 198,211.4 Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Total Loans (USD mn) | 264,951.539 Nov 2025 | monthly | Dec 1979 - Nov 2025 |
| Total Loans Growth (%) | 7.05 Nov 2025 | monthly | Dec 1980 - Nov 2025 |
| Private Debt: % of Nominal GDP (%) | 71.45 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Money Supply: M3: National Contribution: EC: M2 (EUR mn) | 308,684.760 Nov 2025 | monthly | Sep 1997 - Nov 2025 |
| Money Supply: M3: National Contribution: EC: M2: M1 (EUR mn) | 152,284.610 Oct 2025 | monthly | Sep 1997 - Oct 2025 |
| Official Reserve Assets (EUR mn) | 41,758.660 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| Official Reserve Assets: Foreign Currency Reserves (FC) (EUR mn) | 4,064.740 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| Outstanding Housing Credit (EUR) | 74,670.000 Nov 2025 | monthly | Nov 2003 - Nov 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 3.9 Dec 2025 | monthly | Jan 1988 - Dec 2025 |
| Economic Sentiment Index: sa (1990-2006=100) | 107.500 Dec 2025 | monthly | Jan 1987 - Dec 2025 |
| Coincident Indicator: Economic Activity (%) | 1.600 Jan 2025 | monthly | Jan 1978 - Jan 2025 |
More Indicators for Portugal
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