FX.co ★ Portugal Trade Gap Narrows in December

Portugal’s trade deficit narrowed sharply to €2.87 billion in December 2025, down from €3.06 billion in the same month a year earlier. Imports fell 2.7% to €8.48 billion, marking a third consecutive monthly decline, while exports slipped a more modest 0.7%, also extending their losing streak to three months. For 2025 as a whole, however, Portugal’s trade gap widened to €32.10 billion, compared with €28.35 billion in 2024.