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.
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