In the 1st quarter 2018

Trade balance of the Autonomous Region of Madeira with foreign countries was negative

According to preliminary data, the Region’s trade balance of goods with foreign countries stood at -5.0 million Euros in the 1st quarter of 2018, representing a coverage rate of imports by exports of 83.5%. In the same period of last year, the balance between exports and imports was negative (-1.6 million Euros) and the coverage rate reached 94.7%.

GR Comercio1T2018 EN

In the first three months of 2018, exports totaled 25.4 million Euros, 82.8% of which destined for Third Countries (i.e. outside the EU), while imports reached 30.5 million Euros, 85.9% of which coming from the EU.

Exports went down 12.8% year-on-year, while imports dropped by 1.2%.

Final data for 2016 and revised data for 2017 is also released today.