Portugal’s trade deficit deepened in June 2026, with the balance slipping to -€9.44 billion, compared with -€8.71 billion recorded in May 2026. The latest figures, updated on 7 August 2026, underline a further deterioration in the country’s external position over the early summer period.
The widening gap suggests that imports continued to outpace exports in June, adding pressure to Portugal’s trade dynamics after an already substantial deficit in May. While the data release does not provide a breakdown by sector, the trend signals sustained external imbalances that may warrant closer scrutiny from policymakers and market participants watching Portugal’s trade performance in the second half of the year.
