Greek trade deficit increases by 29.4% in July

Greek trade deficit increases by 29.4% in July

 

By Spiros Sideris – Athens

A 29.4% increase showed the trade deficit in July, with imports showing an annual increase of 10.2% and exports decreasing by 1.1% (including oil), according to provisional data of the Greek Statistical authority (EL.STAT.).

Specifically, according to the Hellenic Statistical Authority., The total value of imports during the month of July 2014 amounted to 4352.3 million euros  against 3.949 million euros  during the same month of 2013 an increase of 10.2%. The corresponding change excluding oil products increased by 246.1 million euros, ie 9.4%.

The total value of exports during the month of July 2014 amounted to 2458.1 million. euros compared to 2484.7 million euros in the same month the year 2013, recording a drop of 1.1%. The corresponding change excluding oil products grew by 28.3 million euros, ie 1.9%.

The trade deficit in the month of July 2014 amounted to 1894.2 million euros  compared to 1464.3 million euros during the same month in 2013, representing an increase of 29.4% .The corresponding change excluding oil products increased by 217.8 million euros, ie 19.4%.

The total value of imports during the period January-July 2014 amounted to 28012.5 million euros compared to 27,398.1 million euros for the same period of 2013, an increase of 2.2%. The corresponding change excluding oil products increased by 1551.6 million euros, ie 8.9%.

The total value of exports during the period January-July 2014 amounted to 15603.9 million euros compared to 16,251.3 million euros for the same period of 2013, recording a drop of 4.0%. The corresponding change excluding oil products dropped by 283.4 million euros, ie 2.9%.

The trade deficit for the period January-July 2014 amounted to 12408.6 million euros compared to 11,146.8 million euros during the same period the year 2013, an increase of 11.3%. The corresponding change excluding oil products increased by 1835.0 million euros, ie 23.9%.