Greece Trade Deficit Widens in September Over a Year Earlier


In September, Greek trade deficit widened to € 1625.3 million, from € 1282.6 million a year earlier. While imports surged by an annual 7.7 percent, exports shrank for the second straight month, mainly due to lower sales to countries outside the EU.

In September, the total value of exports dropped by 2.3 percent over a year earlier to € 2.39 billion, against € 2.45 billion in September of 2012. Dispatches to the European Union countries increased 10.2 percent while shipments to those outside the EU were down by 11.3 percent. Excluding oil products, exports decreased 1.5 percent.

Imports amounted to €4.2 billion in September against €3.8 billion in the same month of the previous year. Purchases from countries outside the EU plunged 12 percent, while arrivals from the EU countries rose 3.3 percent.

In the 12-month time period of October 2012 to September of 2013, exports increased 9.5 percent year-on-year. In the same period, the total value of imports decreased by 0.1 percent.

Greece Trade Deficit Widens in September Over a Year Earlier


Krisztina Györffy | krisztina@tradingeconomics.com
11/11/2013 10:57:02 AM