Trade: Portuguese exports, imports see rise in February

Portuguese exports registered a nominal rise of 4.6 percent in February and imports grew by 12.8 percent, local media reported on Tuesday.

In February, “goods exports registered a year-on-year nominal change of 4.6 percent, corresponding to an acceleration from the previous month (3.8 percent in January), ” according to Lusa News Agency, quoting international trade statistics released by the National Statistics Institute (INE).

This acceleration contributed in particular to “the increase in intra-EU trade (4.4 percent)”, INE said.

On the other hand, imports “increased 12.8 percent, decelerating from the previous month of 15.9 percent in January,” INE added.

The Portuguese economy has been growing steadily in recent years after the country exited in May 2014 the 78-billion-euro (88 billion U.S. dollars) bailout program with the European Union, the International Monetary Fund and the European Central Bank following years of harsh austerity.