DREM releases the “International Trade Statistics-2013” publication

DREM releases today the annual publication “International Trade Statistics” (only available in Portuguese) which includes the provisional data for the year of 2013. The publication tables also include the final results for 2010-2012.

Analysis of the main indicators

In 2013, the deficit of the trade balance of goods with foreign countries stood at 14.7 million Euros, less than in 2012 when it reached 28.8 million Euros. This is the lowest deficit since the free movement of goods was established in the European Union.

Both exports and imports dropped from 2012 to 2013. The year of 2012 was marked by an anomalous rise in the aforementioned variables caused by the arrival and later dispatch of high-value transport equipment. However the decrease in exports (-42.7%) was less pronounced than the decline in the imports (-43.7%), which accounts for the improvement in the trade balance. In 2013, Madeira had a foreign trade surplus with Third Countries (50.2 million Euros) and a deficit with the INTRA-EU countries (-64.9 million Euros).

As a consequence of the transport equipment high-value transactions in 2012, there was a decrease in both exports (from 78.3 in 2012 to 19.9 million Euros in 2013) and imports (from 157.5 in 2012 to 84.8 million Euros in 2013) in the Intra-EU trade.

In the trade with Third Countries, the decreases in both flows were less sharp. Exports fell from 66.8 in 2012 to 63.2 million Euros in 2013, while imports dropped from 16.4 to 13.1 million Euros.

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