A boom in Greek exports

A boom in Greek exports

Greece's exports increased in May this year, reaching double-digit rates and combined with a much lower import value, a decline in the country's trade deficit by 15.8% was recorded. Thus, at the end of the first five months the trade deficit was reduced by 15.2%.

According to the Hellenic Statistical Authority (ELSTAT), the total value of imports amounted to € 4,408.3 million in May 2018, compared with € 4,313.8 million in the same month of 2017, recording an increase of 2.2% (excluding oil products there was a € 41, 1 million or 1.2%, while excluding oil and ships it increased by € 92.4 million or 2.9%).

The total value of exports-shipments amounted to € 2,941.7 million compared to € 2,572.1 million in May last year, showing an increase of 14.4% (excluding oil products increased by € 144.6 million or 8, 4%, while excluding oil and ships an increase of € 151.7 million or 8.8%).

The trade deficit stood at € 1,466.6 million compared to € 1,741.7 million in May 2017, down 15.8% (excluding oil prices dropping by € 185.7 million or 11.3%, while excluding oil and ships decreased by € 59.3 million or 4.2%).

In the first half of the year, the total value of imports - arrivals amounted to € 21,966.2 million compared to € 21,882.0 million in the same period of 2017, showing an increase of 0.4% (excluding oil prices decreased by 677, 9 million or 4%, while excluding oil and ships it increased by 1,038.9 million or 7.1%).

The total value of exports and shipments amounted to € 13,414.4 million compared to € 11,802.4 million in the first half of 2017, showing an increase of 13.7% (excluding petroleum products an increase of € 997.8 million or 12.4%, while excluding oil and ships it increased by € 1,007.7 million or 12.6%).

The trade deficit amounted to € 8,551.8 million, compared to € 10,079.6 million in the first 5 months of the year, showing a decrease of 15.2% (excluding petroleum products, a decrease of € 1,675.7 million or 19% excluding oil and ships, increased by € 31.2 million or 0.5%).... / IBNA

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