Greek Trade Deficit Narrows in December


Preliminary estimates showed the Greek trade deficit decreased in the last month of 2013 to € 1.39 billion from € 1.5 billion in November and € 1.4 billion a year earlier.

Imports amounted to € 3.48 billion, against € 3.87 billion in December of 2012, recording a drop of 9.9 percent. The corresponding change excluding oil products recorded a drop of 12.2 percent.

Imports from non-EU countries dropped the most on the year (-13.1 percent), while purchases from the EU countries fell 6.6 percent.

In December of 2013, Greece bought mostly mineral fuels and lubricants from non-EU countries (68 percent) and machinery and transport equipment from the EU countries (22.4 percent).

The total value of exports amounted to € 2.09 billion, against € 2.44 billion the same month last year, recording a drop of 14.2 percent. The corresponding change excluding oil products recorded a drop of 3.7 percent.

Exports to countries outside the EU fell 19.2 percent. Mineral fuels and lubricants accounted for the highest share (55.6 percent). Sales to the EU decreased 6.8 percent.

Greek Trade Deficit Narrows in December


Helenic Statistical Authority | Joana Taborda | joana.taborda@tradingeconomics.com
2/10/2014 12:52:36 PM