In August 2020, exports and imports of goods recorded nominal year-on-year growth rates of -1.4% and -11.6%, respectively (-7.1% and -20.4% in July 2020, in the same order). Most product categories registered decreases, with the emphasis on the declines in exports of Industrial supplies (-7.2%) and imports of Transport equipment (-32.9%), mainly Other transport equipment (mostly airplanes).
Excluding Fuels and lubricants, exports and imports decreased by 0.5% and by 10.8%, respectively (-3.9% and -16.0%, in the same order, in July 2020).
The deficit on the balance of trade in goods decreased by EUR 575 million when compared to the same month of 2019, reaching EUR 1,048 million in August 2020. Excluding Fuels and lubricants, the trade balance stood at EUR -772 million, corresponding to a decrease of EUR 513 million in the trade deficit vis-à-vis August 2019.
In the quarter ended in August 2020, exports and imports of goods decreased by 6.5% and by 18.5% respectively, when compared to the quarter ended in August 2019 (-19.1% and -27.5% in the same order, in the quarter ended in July 2020).
Despite the circumstances determined by the pandemic COVID-19, Statistics Portugal calls for the best collaboration by companies, families and public entities in responding to Statistics Portugal data requests. The quality of official statistics, particularly its ability to identify the impacts of the pandemic COVID-19, crucially depends on this collaboration, which Statistics Portugal thanks in advance.