DREM releases the “International Trade Statistics-2018” publication

DREM releases today the annual publication “International Trade Statistics” (only available in Portuguese) which includes the provisional data for the year of 2018. The publication tables also include the final results for 2016 and 2017.

Summary of the main indicators

In 2018, the trade balance of goods of the Autonomous Region of Madeira with foreign countries recorded a surplus of 54.9 million Euros. In the previous year, the trade surplus had stood at 4.1 million Euros.

In the reference year, exports totalled 228.9 million Euros while imports topped 174.0 million Euros. From 2017 to 2018, both exports and imports increased by 49.4% and 16.7%, respectively. Madeira had a foreign trade surplus with Third Countries (120.2 million Euros) and a deficit with the INTRA-EU countries (-65.3 million Euros).

Exports for INTRA-EU countries increased from 48.2 million Euros in 2017 to 88.2 million Euros in 2018, while imports from those countries increased from 130.8 million Euros in 2017 to 153.5 million Euros in 2018.

There was a increase in the trade with Third Countries, since exports rose from 105.0 in 2017 to 140.7 million Euros in 2018, while in the same order, imports from those countries went up from 18.4 to 20.5 million Euros.

It should be highlighted that the companies licensed by the Madeira International Business Center (IBC) were responsible for 197.7 million Euros of exports in 2018, a higher value than the 130.4 million Euros of the previous year. The share of exports made by those companies was 86.4% in 2018 (85.1% in 2017).

Regarding imports by companies licensed by the IBC, the value of goods purchased from foreign companies in 2018 topped 68.6 million Euros (56.8 million Euros in the previous year). This growth implied an increase in the share of imports made by companies licensed by the IBC, from 38.1% in 2017 to 39.4% in 2018.

DREM releases an update of the time series on International Trade Statistics (1976-2018)

Following the release of the publication "International Trade Statistics/2018 - Provisional Results", DREM updated the time series on International Trade Statistics.

Although this series contains data from 1976 to 2018, the figures are more detailed for the period from 1993 onwards. A summary table with the main results for 1976-1992, which includes information about the trade with the rest of the country, i.e. Mainland Portugal and the Azores, is also available.

Besides the breakdown by intra and extra-EU trade, the data is available according to:

- Economic areas and main countries;

- Product group;

- Section and chapter of the Combined Nomenclature (CN);

- Classification of Broad Economic Categories (BEC);

- Classification of Products by Activity (CPA);

- Classification of Economic Activities (CAE).

For more information, please click on:

• In Focus (Portuguese only) 
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