Greek Trade Deficit Down 11.6% Between January and May



Greek exports RussiaGreek trade deficit shrank by 24.2% in May as imports fell drastically during the month, pushing it 11.6% lower in the January-May period, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.

ELSTAT noted that the value of import-arrivals totaled 3.583 billion euros in May, from 4.0 billion in the same month last year, for a 10.4% decline (excluding oil products, the value of imports grew by 151.3 million euros or 5.8%). The value of export-deliveries totaled 2.280 billion euros in May, down 0.04% from the same month last year (excluding oil products, the value of exports grew 4.9%).

The country’s trade deficit was 1.303 billion euros in May, from 1.719 billion in May 2014, a 24.2% decline (excluding oil products, the trade deficit grew by 7.0%). In the January-May period, the value of imports totaled 18.447 billion euros, from 19.454 billion in the corresponding period in 2014, a 5.2% decline (excluding oil products, the trade deficit grew by 2.9%).

The value of exports totaled 10.733 billion euros in the five-month period, from 10.730 billion euros last year, a 0.02% increase (excluding oil products, the value of exports grew 12.6%). The trade deficit totaled 7.714 billion euros in the five-month period, from 8.724 billion last year, am 11.6% decline (excluding oil products, the trade deficit fell by 7.0%).

(Source: ANA-MPA)


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