Greek Trade Deficit Widens in February


Greek trade deficit increased for the second consecutive month to a preliminary estimate of € -1.98 billion, due to a 7 percent drop in exports. A year earlier, the trade deficit reached € 1.76 billion.

The total value of imports amounted to € 4031 million, against € 3969.4 million in February of 2013, recording an increase of 1.6 percent. Excluding oil products, purchases rose 16.4 percent. 

The country imported mainly mineral fuels (30.2 percent of total imports) and machinery and transport equipment (13.6 percent) from countries outside the EU. Purchases from the EU accounted for 43.6 percent of total imports in February of 2014. 

Exports amounted to € 2049.6 million in the second month of 2014, against € 2202.7 million a year earlier. The corresponding change excluding oil products recorded a drop of 5.6 percent. The country shipped mostly mineral fuels and lubricants (32.6 percent of total exports) to countries outside the EU while sales to the EU accounted for 45.9 percent of total exports.  

Greek Trade Deficit Widens in February


Helenic Statistical Authority | Joana Taborda | joana.taborda@tradingeconomics.com
4/7/2014 11:04:01 AM