Portugal’s Trade Deficit Widens in October!
Portugal’s trade deficit rose to €2.80B in October 2025, slightly higher than last year’s €2.73B.
🔹 Exports fell 5.2%, hit hard by:
Fuels & lubricants -42.5% (national refinery shutdown)
Industrial supplies -7.3% (chemical exports drop)
Exports to the US down 42.6% due to pharma tariffs and contract manufacturing
🔹 Imports decreased 3%, with notable changes:
Purchases from Brazil down 87.9% (mainly crude oil)
Imports from China up 29.8% (fuels, lubricants, industrial supplies)
📊 Year-to-date: Trade deficit for Jan–Oct 2025 at €26.9B, up from €22.7B in 2024. #Economy# #market#
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