Greek trade deficit up by 56% in May

Greek trade deficit up by 56% in May

A major increase of 56% was recorded in May in the trade deficit, which stood at EUR 2.186 billion, against EUR 1.401 billion in May 2018, according to ELSTAT.

The total value of imports amounted to EUR 5,230.9 million in May 2019, compared with EUR 4,356.6 million in the same month of 2018, showing an increase of 20.1% (excluding petroleum products, an increase of € 478.5 million) or 14.7%, while excluding oil and ships it increased by EUR 477.9 million, or 14.7%.

Increase in exports

The total value of exports amounted to EUR 3,044.6 million compared to EUR 2,955.0 million in May 2018, showing an increase of 3% (excluding petroleum products, an increase of EUR 134.1 million or 7.1%, while excluding oil and ships, the increase was EUR 134.3 million or 7.1%).

The trade deficit amounted to EUR 2,186.3 million compared to EUR 1,401.6 million in May 2018, an increase of 56% (excluding oil products there was an increase of € 344.4 million or 25%, while excluding petroleum products and ships the increase was EUR 343.6 million or 25.2%).

In the first five months of this year, the total value of imports/arrivals amounted to EUR 23,440.2 million compared to EUR 21,515.6 million in the same period of 2018, an increase of 8.9% (excluding oil products, an increase of EUR 1,432.4 million or 9.2%, while excluding oil and ships there was an increase of EUR 1,377.3 million or 8.8%).

The total value of exports-dispatches amounted to EUR 14,019.2 million compared to EUR 13,429.4 million in the first five months of 2018, showing an increase of 4.4% (an increase of EUR 589.8 million or 6.5% when excluding petroleum products, while excluding oil and ships the increase was excluding petroleum products 584.0 million or 6.5%).

The trade deficit totaled EUR 9,421.0 million compared to EUR 8,086.2 million in the first five months of the year, showing an increase of 16.5% (when excluding oil products the increase was EUR 842.6 million or 12.7% , while excluding oil and ships there was an increase of EUR 793.3 million or 12.1%)./ibna