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

Portugal’s trade deficit narrowed in the three months through April as exports rose and imports decreased, the country’s statistics institute said.

The trade deficit narrowed to 2.54 billion euros ($3.2 billion) from 4.59 billion euros in the same period a year earlier, the Lisbon-based institute said today in an e-mailed report. Exports rose 8.4 percent and imports fell 7.7 percent.