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Trade Deficit Down 27.3% in October

Greece’s trade deficit shrank by 29.6% in October, reflecting higher exports and lower imports because of a deep economic recession in the country, Athens News Agency reports quoting data from the Hellenic Statistical Authority.
The statistics service, in a report, said the value of import-arrivals – excluding oils – totaled 2.43 billion euros in October, down from 3.045 billion euros in the same month last year, a a decline of 20.2%. The value of exports-deliveries – excluding oils – totaled 1.316 billion euros in October from 1.463 billion euros in October 2010, a decline of 10%.
The country’s trade deficit fell to 1.114 billion euros in October, down from 1.582 billion euros in the same month last year.
The value of imports fell 12.4% to 26.904 billion euros in the January-October period, while the value of exports rose 11.7% to 13.093 billion euros in the same period, leaving the trade deficit 27.3% lower compared with the same period in 2010, to 13.811 billion euros.
(source: ana-mpa)

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