10-05-2024 - In the 1st quarter of 2024, the trade balance of the Autonomous Region of Madeira with foreign countries was positive at 22.4 million euros

In the 1^st quarter of 2024

Trade balance of the Autonomous Region of Madeira with foreign countries was positive at 22.4 million euros

According to preliminary data for the 1^st quarter of 2024, the trade balance of the Region with foreign countries recorded a surplus of 22.4 million euros, higher than that of the same period last year (18.0 million euros). This translates to a coverage rate of imports by exports of 137.7%, higher than that recorded in the first three months of 2023, which stood at 123.5%.

CI 1T2024 EN

During the reference period, the total exports from enterprises based in the Region reached 81.8 million euros, decreasing by 13.4% compared to the 1^st quarter of 2023, while imports amounted to 59.4 million euros, which is 22.4% lower compared to the same period of the previous year. In the 1^st quarter of 2024, the majority of exported goods were destined for third countries (53.9% of the total), while imports continued to be predominantly sourced from European Union countries (81.4%).