Bloomberg News

Portugal’s Trade Gap Narrows as Exports Increase, Imports Drop

May 10, 2012

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 jlima1@bloomberg.net

To contact the editor responsible for this story: Tim Quinson at tquinson@bloomberg.net


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