Exports and imports of goods in Portugal increased in the second quarter of 2022, rising by up to 40% year-on-year (YoY), a much higher rate than in the first three months of the year.
According to the flash estimate advanced by Statistics Portugal (INE), exports increased by 31.2% YoY, while imports grew by 39.9%. If the comparison is with the same period in 2020, both exports and imports practically doubled.
It should be noted that the year-on-year comparison covers a 2021 period still marked by the impact of Covid-19 on local and global economic activity. Still, these figures compare with the variations of 18% in exports and 36.8% in imports observed between January and March of this year.