Overview In May 2023 Portugal's Electrical machinery and electronics exports accounted up to €548M and imports accounted up to €912M, resulting in a negative trade balance of €364M. Between May 2022 and May 2023 the exports of Portugal's Electrical machinery and electronics have increased by €52.2M (10.5%) from €496M to €548M, while imports increased by €58.4M (6.84%) from €854M to €912M.
Destinations In May 2023, Electrical machinery and electronics were exported mostly to Germany (€135M), Spain (€85.4M), France (€58.8M), United States (€29.8M), and United Kingdom (€27.4M), and were imported mostly from Spain (€201M), Germany (€196M), China (€162M), Netherlands (€62.5M), and France (€35.2M).
Growth In May 2023, the increase in Electrical machinery and electronics's year-by-year exports was explained primarily by an increase in exports to Spain (€28.8M or 45.9%), France (€12.7M or 33.7%), and Germany (€8.53M or 8.67%). In May 2023, the increase in Electrical machinery and electronics's year-by-year imports was explained primarily by an increase in imports from China (€36.2M or 39%), Germany (€30.9M or 23.8%), and Spain (€12M or 8.98%).