Portugal’s Trade Deficit Widens in October! Portugal’s trade deficit rose to €2.80B in October 2025, slightly higher than last year’s €2.73B. 🔹 Exports fell 5.2%, hit hard by: Fuels & lubricants -42.5% (national refinery shutdown) Industrial supplies -7.3% (chemical exports drop) Exports to the US down 42.6% due to pharma tariffs and contract manufacturing 🔹 Imports decreased 3%, with notable changes: Purchases from Brazil down 87.9% (mainly crude oil) Imports from China up 29.8% (fuels, lubricants, industrial supplies) 📊 Year-to-date: Trade deficit for Jan–Oct 2025 at €26.9B, up from €22.7B in 2024. #Economy#  #market#