SYNTHESIS INE@COVID-19, 11-may-2020

May . 11 . 2020 page 12/14 Communication Unit | tel: +351 21 842 61 00 | sci@ine.pt www.ine.pt SYNTH SIS IN @ COVID-19 However, in March there was only an increase in exports to the United States (+ 5.6%). Exports to Belgium were noteworthy by declining by 32.3% in March, after an average growth of 20.4% in the January-February period. Exports to Spain, Portugal’s main partner, registered a decrease of 16.2% in March, mainly due to “Transport equipment”. International trade of goods - Exports Year-on-year growth rate by partner country, Jan/Feb-Mar 2020 International trade of goods - Exports Year-on-year growth rate by broad economic categories (bec), Jan/Feb-Mar 2020 -32,3% -22,5% -21,3% -19,2% -16,2% -14,9% -12,7% -11,2% -2,7% 5,6% 20,4% -1,0% -7,0% 7,3% 6,5% -5,3% -4,3% -26,8% -1,2% 13,0% -40% -30% -20% -10% 0% 10% 20% 30% Belgium Italy United Kingdom France Spain Germany Poland Angola Netherlands United States JAN/FEB MARCH “Transport equipment” registered the biggest decrease in March (-33.5%; +0.5% in average terms, in the first two months of the year), mainly due to “Passenger motor cars”. In contrast, only “Food and beverage products” recorded an increase in March (+3.8%, after an increase of 2.3% in the January- February period). Exports of “Fuels and lubricants’ decreased by 5.3% in the month of March 2020, after having registered the largest increase (+46.7%) in the period January- February. -33,5% -13,1% -8,2% -8,1% -5,3% 3,8% 0,5% -0,7% 9,7% -4,9% 46,7% 2,3% -40% -20% 0% 20% 40% 60% Transport equipment Consumer goods Capital goods and parts thereof Industrial supplies Fuels and lubrificants Food and beverages JAN/FEB MARCH