Greece: Marginal increase for exports in 2019

Greece: Marginal increase for exports in 2019

Greek exports moved marginally in 2019 to € 33,800.7 million compared to € 33,471.6 million in 2018, up by 1.0%. According to ELSTAT data, the corresponding value excluding petroleum products increased by € 1,035.2 million, accounting for 4.7%, while without petroleum and ships it increased by 1,074.4 million, that is, 4.9%.

The total value of imports last year stood at € 55,521.0 million versus € 54,119.7 million in the same period of 2018 (+ 2.6%). Excluding petroleum products, there was a growth of € 2,494.2 million (+ 6.5%) and excluding petroleum and ships a 2.229.5 million-growth (+ 5.8%).

Based on the above, the trade deficit was recorded at € 21,720.3 million versus € 20,648.1 million in 2018, which constitutes a 5.2% surge. The corresponding figure excluding petroleum products increased by 1,459.0 million or 8.9%, and excluding petroleum products and ships the increase is fixed at 1,155.1 million, or 7.1%.

December revision

The total value of imports in December 2019 amounted to € 4,422.7 million (compared to € 4,267.4 million in the same month of 2018 (+ 3.6%). The corresponding value without petroleum products included went up by 172.5 million euro (+5.5%), while without petroleum and ships included, this month’s increase was recorded at € 88.1 million (+ 2.8%).

The total value of exports in December 2019 amounted to € 2,868.8 million versus € 2,592.6 million (+ 10.7%). Without petroleum products it increased by € 118.9 million (+ 6.5%) and without petroleum and ships it surged by € 112.3 million (+ 6.1%).

The trade deficit in December was reported at € 1,553.9 million versus € 1,674.8 million in the same month of 2018 (-7.2%). Without petroleum products included it went up by € 53.6 million, or 4.2%, while without petroleum products and ships the value decreased by € 24.2 million (-1.9%). /ibna