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1/9/2013
Portugal trade gap shrinks 15.5% in September-November
Portugal's global trade deficit shrunk by 15.5 percent in the three months between September and November of 2012 from the same period the year before, as imports fell 3.6 percent and exports remained largely unchanged, the National Statistics Institute said.
Portugal trade gap shrinks 15.5% in September-November
Portugal's global trade deficit shrunk by 15.5 percent in the three months between September and November of 2012 from the same period the year before, as imports fell 3.6 percent and exports remained largely unchanged, the National Statistics Institute said.
Exports to outside the European Union (EU) jumped 9.5 percent to over 3.3 billion euros ($4.31 billion), the institute said. Exports to the EU, Portugal's largest market, in turn fell by 3.6 percent to around 8.2 billion euros.
Portugal's exports have been doing relatively well even as the government imposed tough austerity measures under a 78-billion euro EU/IMF bailout that has hurt internal consumption. (Reuters)