In 2017
Trade balance of the Autonomous Region of Madeira with foreign countries was positive
According to preliminary data for 2017, the Region’s trade balance of goods with foreign countries stood at +4.1 million Euros, representing a coverage rate of imports by exports of 103.1%. In 2016, according to provisory data, the balance between exports and imports was negative (-34.0 million Euros) with the coverage rate reaching 73.8%.
In 2017, exports totaled 136.3 million Euros (95.5 million Euros compared with the previous year), 77.7% of which destined for Third Countries (i.e. outside the EU), while imports reached 132.2 million Euros (129.4 million Euros in the previous year), 86.2% of which coming from the EU.