Greek Trade Deficit Widens in April


Trade deficit in Greece widened to €1.61 billion in April of 2014 from €1.38 billion a year earlier, according to preliminary estimates, as exports shrank at a faster pace than imports. Compared with the previous month, the trade deficit narrowed 11.5 percent.

Exports fell 20.9 percent to EUR 2.0 billion in April of 2014, from EUR 2.6 billion a year earlier. The corresponding change excluding oil products recorded a drop of 12.4 percent. Sales to the non-European Union countries declined 29.0 percent and fell 11.8 percent to the European countries.

Imports amounted to EUR 3.6 billion in April of 2014, down from EUR 3.9 billion in the same month of the previous year (-7.7 percent). The corresponding change excluding oil products recorded a drop of 4.0 percent. Purchases from the non-European Union countries decreased 17.1 percent yoy, while those from the European Union increased 2.8 percent.

On a monthly basis, exports fell 6.6 percent and imports declined 10.2 percent.

Greek Trade Deficit Widens in April


Helenic Statistical Authority | Isabel Felino | isabel.felino@tradingeconomics.com
6/6/2014 11:24:05 AM