Greek Trade Deficit Narrows YoY in June


In June, Greece’s trade deficit narrowed to €1.67 billion from a gap of €1.86 billion in June of 2012. Both imports and exports were down on the year although purchases fell more sharply.

The total value of exports in June amounted to € 2.13 billion against € 2.30 billion in June of 2012. Dispatches to European Union countries increased 3.1 percent while shipments to those outside the EU were down 15.8 percent. Excluding oil products, exports decreased 9.1 percent.

Imports were down to €3.80 billion in June against €4.16 billion euros in the same month of the previous year. Purchases from countries outside the EU decreased sharply, by 15.3 percent, while arrivals from EU countries fell 0.9 percent.

In the 12-month time period of July of 2012 to June of 2013, exports increased 11.1 percent compared to the corresponding months a year earlier. In the same period, the total value of imports decreased by 1.8 percent.

Greek Trade Deficit Narrows YoY in June


Elstat | Nuno Fontes | nuno@tradingeconomics.com
8/9/2013 10:28:16 AM