SYNTHESIS INE@COVID-19, 16-jun-2020

June . 16 . 2020 page 8/11 Communication Unit | tel: +351 21 842 61 00 | sci@ine.pt www.ine.pt SYNTH SIS IN @ COVID-19 In April, exports and imports of goods decreased by 39.8% and by 39.1% respectively, in nominal terms Reflecting the constraints on the economic activity determinedby themeasures to contain the spread of the COVID-19 pandemic, almost all product categories showed significant decreases, with exports and imports of Transport equipment standing out (-77.6% and -75.2%, respectively). Food and beverages were the only major product category to register an increase in exports (+0.3%) in April 2020. There were no increases in imports. Excluding Fuels and lubricants , exports and imports decreased by 38.8% and by 37.9%, respectively (-13.0% and -12.5%, in the same order, in March 2020). Exports of goods In April 2020, exports decreased by 39.8% in year-on-year terms (-12.7% in March 2020) and 33.6% compared to the previous month (-7.3% in March 2020). Exports - Total (year-on-year rate of change) -45.0% -35.0% -25.0% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0% 45.0% Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sept-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sept-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 -39.8 Apr-20 Regarding the tenmain countries of destination in 2019, the year-on-year rates of change in exports fell between 47.2% (Italy) and 27.3% (Angola). The negative year-on-year rates of change were also higher than 40% for: • Germany: -44.7%; • France: -44.7%; • Spain: -43.3%; • The United Kingdom: -43.3%; • The Netherlands: -40.9%. The decrease in exports to Spain, the main Portuguese partner, occurred mainly in Transport equipment and in Industrial supplies.