Portugal’s trade deficit narrowed in the first quarter as exports rose and imports decreased, the country’s statistics institute said.
The trade deficit narrowed to 2.68 billion euros ($3.5 billion) from 4.35 billion euros in the first three months of 2011, the Lisbon-based institute said today in an e-mailed report. Exports rose 11.6 percent and imports fell 3.3 percent.
To contact the reporter on this story: Joao Lima in Lisbon at firstname.lastname@example.org
To contact the editor responsible for this story: Tim Quinson at email@example.com