Greek 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)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
