In March, reflecting the impact of the pandemic in the same month last year, sales of foreign goods increased by 28.8%.
The National Bureau of Statistics said on Monday that Portugal’s exports in the first quarter of this year increased by 6.2%, and total overseas sales increased by 907 million euros over the same period last year.
Compared with the data during the period of 2020, the sales of Portuguese goods during this period have been severely hit by the pandemic. Even so, INE pointed out that compared to two years ago, sales in the first quarter of 2019 still increased by 3%.
In the international trade statistics released today, the National Bureau of Statistics revised its original estimate. From January to March, exports increased by two-tenths to more than 15.4 billion euros.
In the March data released now, sales in Portugal increased by 28.8% compared to the same month in 2020. This is a strong increase, partly reflecting the sharp rise to 13% a year ago compared with the month when exports fell due to the pandemic.
Sales of transportation equipment recovered strongly from the last month of the first quarter and increased by 61% compared to March 2020.
Throughout the first three months of this year, the recovery in overseas sales growth was attributed to increased exports outside the EU, which increased by 23.7% compared to the same period last year, or 982 million euros, despite the decline in the UK, US and Angola markets. On the other hand, according to data released by INE, sales in 27 markets fell by 0.7% to 75 million euros.
In terms of imports, the data shows that compared with the same period last year, foreign purchases fell by 5.3% in the first quarter. Compared with the previous quick estimate, this value has also been revised, an increase of four tenths. Imports amounted to 18 billion euros, a decrease of 1.014 billion euros over the same period last year.
INE pointed out that in March, imports alone increased by 12.2%, characterized by a 15.1% increase in the purchase of industrial supplies, and a 27.3% increase in the purchase of machinery and other capital goods.