Global Trade Balance

The Trade Balance released by Statistics Portugal is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. If a steady demand in exchange for Portuguese exports is seen, that would turn into a positive growth in the trade balance, and that should be positive (or bullish) for the EUR.

Most recent - Thursday 10 July 2025 10:00

Previous
€-3.018B
Revised
-
Actual
€-3.217B

Next event - Monday 11 August 2025 10:00

Previous
-
Actual
-

The typical/expected market impact of this event is low.

Trading range

Announcement history

The most recent announced value for Global Trade Balance was €-3.217B.

Past events

Date
Actual
Thursday 10 July 2025 10:00
€-3.217B
Monday 9 June 2025 10:00
€-3.018B
Friday 9 May 2025 10:00
€-6.216B
Wednesday 9 April 2025 10:00
€-6.653B
Wednesday 12 March 2025 11:00
€-7.211B
Monday 10 February 2025 11:00
€-7.976B
Thursday 9 January 2025 11:00
€-7.434B
Tuesday 10 December 2024 11:00
€-7.601B
Friday 8 November 2024 11:00
€-7.135B
Thursday 10 October 2024 10:00
€-6.677B
Monday 9 September 2024 10:00
€-6.272B
Friday 9 August 2024 10:00
€-6.483B
Wednesday 10 July 2024 10:00
€-6.25B
Friday 7 June 2024 10:00
€-6.334B
Friday 10 May 2024 10:00
€-5.692B
Tuesday 9 April 2024 10:00
€-6.408B
Monday 11 March 2024 11:00
€-5.963B
Friday 9 February 2024 11:00
€-7.187B
Tuesday 9 January 2024 11:00
€-7.1B
Monday 11 December 2023 11:00
€-7.54B
Thursday 9 November 2023 11:00
€-6.743B
Tuesday 10 October 2023 10:00
€-6.653B
Friday 8 September 2023 10:00
€-6.825B
Wednesday 9 August 2023 10:00
€-6.841B
Monday 10 July 2023 10:00
€-6.822B
Friday 9 June 2023 10:00
€-6.78B
Wednesday 10 May 2023 10:00
€-6.569B
Monday 10 April 2023 10:00
€-7.213B
Monday 13 March 2023 11:00
€-7.269B
Thursday 9 February 2023 11:00
€-8.069B
Monday 9 January 2023 11:00
€-7.991B
Friday 9 December 2022 11:00
€-9.025B
Wednesday 9 November 2022 11:00
€-8.305B
Monday 10 October 2022 10:00
€-8.197B
Friday 9 September 2022 10:00
€-6.965B
Tuesday 9 August 2022 10:00
€-7.376B

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next Global Trade Balance result:

PreviousLatest
Consumer Price Index (EU norm) (YoY)Bullish change0.8%0.9%
Harmonized Index of Consumer Prices (MoM)(no change)0.1%0.1%
Harmonized Index of Consumer Prices (YoY)(no change)2%2%
Trade Balance s.a.Bullish change€15.8B€18.4B
Retail Sales (MoM)Bearish change0.3%-0.7%
Retail Sales (YoY)Bearish change2.7%1.8%
Sentix Investor ConfidenceBullish change0.24.5
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-2.1%1%
Industrial Production s.a. (MoM)Bullish change-1.6%1.2%
Producer Price Index (MoM)Bullish change-2.2%-0.6%
Producer Price Index (YoY)Bearish change0.7%0.3%
Factory Orders n.s.a. (YoY)Bearish change5.8%5.3%
Factory Orders s.a. (MoM)Bearish change1.6%-1.4%
HCOB Composite PMIBullish change50.250.6
HCOB Composite PMI(no change)50.450.4
HCOB Services PMIBullish change49.449.7
HCOB Services PMIBullish change51.351.9
Unemployment RateBearish change6.2%6.3%
Core Harmonized Index of Consumer Prices (MoM)Bullish change0%0.4%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%
Harmonized Index of Consumer Prices (MoM)Bullish change0%0.3%
Harmonized Index of Consumer Prices (YoY)Bullish change1.9%2%
HCOB Manufacturing PMI(no change)4949
Unemployment ChangeBullish change34K11K
Unemployment Rate s.a.(no change)6.3%6.3%
HCOB Manufacturing PMIBearish change49.248.4
HCOB Manufacturing PMIBullish change50.551.4
Consumer Price Index (MoM)Bearish change0.1%0%
Consumer Price Index (YoY)Bearish change2.1%2%
Harmonized Index of Consumer Prices (MoM)Bearish change0.2%0.1%
Harmonized Index of Consumer Prices (YoY)Bearish change2.1%2%
Consumer Price Index (EU Norm) (YoY)(no change)1.7%1.7%
Consumer Price Index (YoY)Bullish change1.6%1.7%
Retail Sales (MoM)Bearish change-0.6%-1.6%
Retail Sales (YoY)Bearish change2.9%1.6%

About Global Trade Balance

Country:Portugal
Currency:EUR
Source:
Category:Capital Flows
Frequency:Monthly
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