In 2016
Trade balance of the Autonomous Region of Madeira with foreign countries was negative
According to preliminary data for 2016, the Region’s trade balance of goods with foreign countries stood at -34.1 million Euros, representing a coverage rate of imports by exports of 71.9%. These results mean that, compared to 2015, the trade balance worsened, because according to the provisory results for 2015 the balance between exports and imports had been -25.9 million Euros while the coverage rate had reached 80.2%.
In 2016, exports totaled 87.3 million Euros (105.0 million Euros compared with the previous year), 66.0% of which destined for Third Countries (i.e. outside the EU), while imports reached 121.4 million Euros (130.9 million Euros in the previous year), 89.0% of which coming from the EU.