Portugal’s trade balance deteriorated further in May 2026, with the deficit expanding to €8.71 billion, according to data updated on 10 July 2026. The latest figure marks a slight worsening from April 2026, when the trade gap stood at €8.56 billion.
The widening shortfall suggests that Portugal’s imports continued to outpace exports as the second quarter progressed. While the change between April and May is modest, the move deeper into negative territory underscores ongoing external imbalances that will be closely watched by policymakers and investors tracking the country’s foreign trade dynamics.
