International Trade: Net Trade: Value (Goods): Total for Portugal
PRTXTNTVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10.36
Year-over-Year Change
64.18%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures Portugal's net trade value in goods, providing insights into the country's trade balance and international economic position.
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 Net Trade: Value (Goods): Total for Portugal metric tracks the difference between the value of Portugal's total goods exports and imports. It serves as an important indicator of the country's trade competitiveness and macroeconomic performance.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on Portugal's international trade statistics.
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to assess Portugal's economic health and guide trade, fiscal, and monetary policies.
Key Facts
- Portugal's net trade value was €-2.4 billion in 2022.
- Goods account for over 80% of Portugal's total trade.
- The trade deficit has narrowed in recent years due to export growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net trade value of goods for Portugal, which is the difference between the total value of its exports and imports of goods.
Q: Why is this trend relevant for users or analysts?
A: The net trade value is a key indicator of Portugal's trade competitiveness and can provide insights into the country's overall economic performance and international position.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on Portugal's international trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses closely monitor this trend to assess Portugal's economic health and guide trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the metric only captures goods trade, not services.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Portugal
PRTCP120000IXOBQ
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 64 Years for Portugal
LFAC64FEPTA647S
Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Portugal
PRTFCBODUKNUM
Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Portugal
PRTPERMITMISMEI
Production: Manufacturing: Total Manufacturing for Portugal
PRMNTO01PTQ657S
Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Portugal
LFACTTTTPTQ647S
Citation
U.S. Federal Reserve, International Trade: Net Trade: Value (Goods): Total for Portugal (PRTXTNTVA01STSAQ), retrieved from FRED.