Greek trade deficit down 11% in May, off 18.4% in Jan-May

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The Greek trade deficit shrank 11% in May during a month which showed a 15.4% decline in exports and a 13.6% fall in imports, Hellenic Statistical Authority said on Friday.

More specifically, the value of imports totaled 7.004 billion euros in May, down 13.6% from the same month last year (excluding oil products imports fell 4.8%, while excluding oil products and ships, imports eased 4.7%).

The value of exports totaled 4.063 billion euros, down 15.4% from May 2022 (excluding oil products, exports rose 14.6% and excluding oil products and ships, exports rose 3.6%).

The trade deficit amounted to 2.942 billion euros, down 11% from May 2022, (excluding oil products and ships the deficit was down 14.6%, while excluding oil products and ships the deficit fell 13.8%).

In the January-May period, imports totaled 34.016 billion euros, down 4.5% from the corresponding period last year (excluding oil products, imports fell 0.5%, while excluding oil products and ships, imports fell 0.6%).

Exports rose 5.7% in the five-month period to 21.763 billion euros (excluding oil products, exports rose 8%, and excluding oil products and ships, exports rose 7.5%).

The trade deficit fell 18.4% to 12.253 billion euros (excluding oil products, the deficit fell 11.5%, while excluding oil products and ships the deficit fell 11.1%).

Source: ANA – MPA

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