Trade Deficit Widens In October



    Trade deficitGreece’s merchandise trade deficit increased from last year in October, data released by the Hellenic Statistical Authority showed on Dec. 26.
    The trade deficit, excluding oil products, increased 5.3 percent on an annual basis to 1.2 billion euros in October.

    Export of goods advanced 12.2 percent year-on-year to 1.51 billion euros during the month. Shipments to European Union (EU) countries were higher by 8.4 percent compared to last year, while dispatches to non-EU countries climbed 18.5 percent.

    At the same time, imports increased 9 percent annually to 2.71 billion euros. Purchases from EU countries rose 6.9 percent from a year earlier, while arrivals from countries outside the EU climbed 14.2 percent.
    During the ten months ended October, the trade balance was a deficit of 11.24 billion euros. The value of exports increased 6.4 percent during the period, while arrivals decreased by 6.9 percent.
    (Source: ELSTAT, RTT)


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