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 - Friday 9 January 2026 11:00

Previous
€-8.458B
Actual
€-7.543B

Next event - Monday 9 February 2026 11:00

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 €-7.543B.

Past events

Date
Actual
Friday 9 January 2026 11:00
€-7.543B
Wednesday 10 December 2025 11:00
€-8.458B
Monday 10 November 2025 11:00
€-8.94B
Friday 10 October 2025 10:00
€-8.622B
Tuesday 9 September 2025 10:00
€-8.904B
Friday 8 August 2025 10:00
€-8.598B
Thursday 10 July 2025 10:00
€-8.715B
Monday 9 June 2025 10:00
€-7.521B
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

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
Retail Sales (MoM)Bearish change0.3%0.2%
Retail Sales (YoY)Bullish change1.9%2.3%
Industrial Production n.s.a. w.d.a. (YoY)Bearish change1%0.8%
Industrial Production s.a. (MoM)Bearish change2%0.8%
Trade Balance s.a.Bearish change€16.9B€13.1B
Business ClimateBullish change-0.66-0.56
Consumer ConfidenceBullish change-14.6-13.1
Economic Sentiment IndicatorBearish change97.196.7
Producer Price Index (MoM)Bullish change0.1%0.5%
Producer Price Index (YoY)Bearish change-0.5%-1.7%
Unemployment RateBullish change6.4%6.3%
Factory Orders n.s.a. (YoY)Bullish change-0.7%10.5%
Factory Orders s.a. (MoM)Bullish change1.6%5.6%
Core Harmonized Index of Consumer Prices (MoM)Bullish change-0.5%0.3%
Core Harmonized Index of Consumer Prices (YoY)Bearish change2.4%2.3%
Harmonized Index of Consumer Prices (MoM)Bullish change-0.3%0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change2.1%2%
Consumer Price Index (EU Norm) (YoY)Bullish change1.1%1.2%
Consumer Price Index (YoY)Bullish change1.1%1.2%
Unemployment ChangeBearish change1K3K
Unemployment Rate s.a.(no change)6.3%6.3%
Retail Sales (MoM)Bearish change-0.3%-0.6%
Retail Sales (YoY)Bullish change0.9%1.1%
Consumer Price Index (MoM)Bullish change-0.2%0%
Consumer Price Index (YoY)Bearish change2.3%1.8%
Harmonized Index of Consumer Prices (MoM)Bullish change-0.5%0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change2.6%2%
HCOB Composite PMIBearish change51.951.5
HCOB Composite PMIBearish change51.551.3
HCOB Services PMIBullish change52.652.7
HCOB Services PMIBullish change55.657.1
Consumer Price Index (EU norm) (YoY)Bearish change0.8%0.7%
HCOB Manufacturing PMIBearish change47.747
HCOB Manufacturing PMIBearish change50.647.9
HCOB Manufacturing PMIBearish change51.549.6
Harmonized Index of Consumer Prices (YoY)Bearish change3.2%3%

About Global Trade Balance

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