LISBON, Oct 10 (Reuters) - Portugal's global trade deficit shrunk by 37percent in the three months between June and August compared to the same periodlast year as exports rose 10 percent and imports by the bailed-out nation fell1.5 percent, the National Statistics Institute said on Wednesday.
Exports outside of Portugal's main market - the European Union - soared bymore than 25 percent to over 3.4 billion euros, the institute said.
The debt-laden country's exports sector has been doing relatively well evenas the government imposed tough austerity under a 78-billion euro EU/IMFbailout.
Exports growth has helped alleviate some of the pressure on the economy,which is still expected to contract 3 percent this year as the country strugglesthrough its worst recession since the 1970s.
Trade data (in billions of euros):
June-Aug June-Aug Pct2012 2011 changeImports 13.542 13.748 -1.5Exports 11.359 10.290 10.4Deficit 2.183 3.458 -37
(Reporting by Daniel Alvarenga)
Keywords: PORTUGAL TRADE/