Greek Trade Deficit Narrows in March


Greek trade gap narrowed to €1.82 billion in March of 2014 from €1.57 billion a year earlier, as imports increased 7 percent year-on-year.

First estimates showed exports amounted to €2.15 billion in March of 2014, up by 1.4 percent from March of 2013. Excluding oil products, sales dropped 5.9 percent. Shipments to the European Union countries fell 2.7 percent while sales to the non-European Union countries increased 5.2 percent yoy.

Imports expanded by 7.0 percent year-on-year to €3.9 billion, and excluding oil products imports purchases expanded at a faster 16.9 percent. Purchases from the European Union countries increased 3.3 percent, while imports from countries outside the European Union countries rose 10.7 percent.

Compared with the previous month, the trade deficit narrowed 8.5 percent.

Greek Trade Deficit Narrows in March


Helenic Statistical Authority | Isabel Felino | isabel.felino@tradingeconomics.com
5/8/2014 2:24:35 PM