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INE: Exports and Imports Down 8.2% and 13% Respectively in September, for the Sixth Consecutive Month

INE: Exports and Imports Down 8.2% and 13% Respectively in September, for the Sixth Consecutive Month

Exports and imports fell by 8.2 per cent and 13.0 per cent respectively in September compared to the same month in 2022, with the drops in the flow of industrial supplies and imports of fuels and lubricants standing out, INE announced today.

“In September 2023, exports and imports of goods recorded nominal year-on-year changes of -8.2 per cent and -13.0 per cent respectively (-7.4 per cent and -16.1 per cent, in the same order, in August 2023), with industrial supplies standing out in both flows (-9.3 per cent in exports and -14, 9% in imports) and fuels and lubricants in imports (-27.0%), in this case reflecting the fall in the prices of these products on the international market (-20.8%),” point out the “International Trade” statistics from the National Statistics Institute (INE).

This is the sixth consecutive month of decline in Portugal’s goods transactions with foreign markets, which haven’t fallen since the first months of 2021.

Impala

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