LISBON: Portugal's global trade deficit fell by five per cent in the third quarter from a year earlier, as export growth outpaced that of imports, data showed on Monday.
The National Statistics Institute said that exports to European Union countries that represent Portugal's main market rose by 6 per cent to 8.1 billion euros, while sales of goods outside Europe rose by 5.4 per cent to 3.5 billion euros.
Export growth has helped alleviate some of the pressure on the economy in the past three years as Portugal implemented tough austerity measures under an international bailout.
The country has started to recover from its worst recession since the 1970s in the second quarter of the year.
indiatimes.com
The National Statistics Institute said that exports to European Union countries that represent Portugal's main market rose by 6 per cent to 8.1 billion euros, while sales of goods outside Europe rose by 5.4 per cent to 3.5 billion euros.
Export growth has helped alleviate some of the pressure on the economy in the past three years as Portugal implemented tough austerity measures under an international bailout.
The country has started to recover from its worst recession since the 1970s in the second quarter of the year.
indiatimes.com
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