International Merchandise Trade Statistics: Trade Balance: Commodities for Portugal
XTNTVA01PTA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-28,277,900,000.00
Year-over-Year Change
153.37%
Date Range
1/1/1955 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Trade Balance for Portugal measures the net flow of goods trade between Portugal and other countries. It is a key economic indicator for understanding Portugal's international trade position and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The trade balance reflects the difference between the value of Portugal's exports and imports of physical goods. This metric provides insight into the country's trade flows, supply chains, and overall trade position relative to major trading partners.
Methodology
The data is collected and calculated by national statistical agencies and international organizations based on customs declarations and other trade documentation.
Historical Context
Policymakers and economists use the Portuguese trade balance to assess the nation's trade policies, exchange rate movements, and overall economic performance.
Key Facts
- Portugal has maintained a trade deficit since the 1990s.
- The largest trading partners for Portugal are Spain, Germany, and France.
- Machinery, vehicles, and chemical products make up the majority of Portugal's imports and exports.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Trade Balance for Portugal measures the net flow of goods trade between Portugal and other countries.
Q: Why is this trend relevant for users or analysts?
A: The Portuguese trade balance provides insight into the country's trade flows, supply chains, and overall trade position, which is crucial for policymakers and economists assessing the nation's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by national statistical agencies and international organizations based on customs declarations and other trade documentation.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the Portuguese trade balance to assess the nation's trade policies, exchange rate movements, and overall economic performance.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates by the responsible statistical agencies.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Female: From 25 to 54 Years for Portugal
LFWA25FEPTA647N
Liquid Assets to Deposits and Short Term Funding for Portugal
DDSI06PTA156NWDB
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 64 Years for Portugal
LFUN64MAPTQ647S
Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for Portugal
CP0510PTM086NEST
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Portugal
PRTFCNODCSPNUM
Stock Market Total Value Traded to GDP for Portugal
DDDM02PTA156NWDB
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Portugal (XTNTVA01PTA664N), retrieved from FRED.