A boom in Greek exports in the first half of the year

A boom in Greek exports in the first half of the year

The upward trend of Greek exports continued at an impressive rate in June according to the Greek Statistical Authority (ELSTAT). Their total value stood at € 3,005.3 million compared to EUR 2,408.0 million in the same month of 2017, showing an increase of 24.8%. Excluding petroleum products, it increased by € 277.5 million (+ 15.5%) and excluding oil and ships by    €209.4 million (+ 11.8%).

However, the volume of imports amounted to € 4,975.7 million in June, compared to € 3,913.5 million in the same month last year, recording an increase of 27.1%. Excluding petroleum products, an increase of € 348.8 million (+ 11.2%) was recorded, while without oil and ships an increase of € 361.8 million (+ 12.0%).

Following these developments, the trade deficit widened to € 1,970.4 million in June from € 1,505.5 million in June 2017 (+ 30.9%). Excluding petroleum products, it increased by € 71.3 million (+ 5.4%), while the corresponding change without oil and ships increased by € 152.4 million (+ 12.3%).

The total value of exports during the period January – June 2018 amounted to € 16,437.0 million versus € 14,211.3 million during the same period of 2017, showing an increase of 15.7%. Excluding petroleum products, an increase of € 1,292.3 million, or 13.2%, excluding oil and ships, increased by € 1,234.1 million, or 12.7%.

The total value of imports in the period January to June 2018 amounted to € 26,964.4 million compared to € 25,796.2 million in the same period of 2017, showing an increase of 4.5%. The corresponding change without oil was reduced by € 324.8 million, or 1.6%. and the corresponding change without oil and ships increased by € 1,404.9 million, or 8.0%.

The trade deficit for the period January – June 2018 amounted to € 10,527.4 million compared to € 11,584.9 million in the same period of 2017, showing a 9.1% decrease in euros. The corresponding change without the mineral oils decreased by € 1,617.1 million, ie 16.0%, and the corresponding change without oil and ships increased by € 170.8 million, or 2.2%…. / IBNA