Portugal improved its Current Account deficit to - €2,910 million in the first quarter of 2011, 28,6% less than in the year earlier period. Most of the improvement occurred in merchandise and services, but transfers also increased, including transfers of €200 million from the EU. Exports reached 73% of imports in the period, compared to only 68% a year earlier and 63% in 2009. Portual has a chronic trade defice, (especially with Spain and Germany, its main trading partners), including - €3.1 million of net agricultural imports in 2010.
Portugal major exports are: clothing and footwear, machinery, chemicals, cork and paper products, hides, tungsten and wine. Portugal imports mostly machinery and transport equipment, chemicals, petroleum, textiles and agricultural products. European Union is by far its largest trading partner accounting for about 72% of total trade.
Portugal's recent xternal performance compares well with that of Greece, which also reduced its Current Account deficit by -24,3% to - €7,300 million in the first quarter of this year.
In the first 4 months of 2011, Portugal's Current Account Deficit continued well below (-24,9)% the levels of 2010. The reducation of €1.294 million was due primarly to improvevments of €366 million in the trade balance and €415 million increase in service exports, but also due to increasing incoming transfers.
Fonte: http://www.bportugal.pt/pt-PT/Estatisticas/PublicacoesEstatisticas/BolEstatistico/Publicacoes/C.pdf
Comércio Externo e Crescimento da Economia Portuguesa, 2004 http://www.fep.up.pt/investigacao/workingpapers/04.05.06_WP146_Afonso%20e%20Aguiar.pdf
Comércio internacional Abril 2011 http://economiafinancas.com/tag/estatisticas-do-comercio-internacional/
GPEARI http://www.gpeari.min-financas.pt/analise-economica/estatisticas/nota-do-comercio-externo
Portugal adjustment program: http://www.bportugal.pt/pt-PT/OBancoeoEurosistema/ProgramaApoioEconomicoFinanceiro/Paginas/default.aspx
Again, the (unhelpful) comments in the financial media are all about Bashing the Borrower, and ignoring the cumplicity of the creditors, as if the excessive debt came to ligjt through "immaculate conception".
ResponderEliminarGreece and Portugal cut their current account deficits by -24,3% and -28,6%, respectively, in the first quarter of 2011, a quite respectable performance which is being ignored by everyone, including the Economist.
Any normal debt adjustment process would require the existing creditors to extend maturities, so why is this so hard to accept and implement in this case?
Because there are European taxpayers with deep pockets which can be convinced to bail-out the foolish creditors, while ostensibly punishing the foolish borrowers.
Greece may not yet have done all it can, as a borrower, to adjust its external accounts, but it has certainly done more than any of its original creditors and surplus trading partners.
Os grandes retalhistas dizem que estão a apostar no produto nacional.
ResponderEliminarMas os dados do INE mostram que as importações de frutas e legumes aumentaram 10% no período Jan-Abril 2011, em comparação ao ano anterior
As importanções de peixe aumentaram 12%, carne +9%, mas as importações de laticinios cairam -2%.
Países com economias abertas mais deficitárias
ResponderEliminarhttp://economicofinanceiro.blogspot.com/2011/06/defice-comercial-aumentar-as.html
INE mostra que no trimestre de maio a julho as exportações lusas subiram 14,9% face ao ano passado, enquanto as importações apenas subiram 0,2%.
ResponderEliminarO défice comercial desceu para 3,88 mil milhões de euros, que compara com o saldo negativo de 5,28 mil milhões no período homólogo de 2010. .
Taxa de cobertura de exportações/importações continua a melhorar
ResponderEliminarhttp://comunidade.xl.pt/JNegocios/blogs/massamonetaria/archive/2011/11/09/exporta-231-245-es-de-bens-j-225-pagam-74-das-importa-231-245-es.aspx