ELSTAT: Greek trade deficit up 15.1 pct in August, down 1.8 pct in Jan-Aug

The Greek trade deficit widened by 15.1 pct in August despite the fact that export growth (25 pct) exceeded that of imports (20.6 pct) in the month, with the trade deficit shrinking 1.8 pct in the January-August period, Hellenic Statistical Authority said on Monday.

The statistics service, in a monthly report on the country’s mercantile trade, said the value of import-arrivals totaled 4.462 billion euros in August, up 20.6 pct from the same period last year (excluding oil products, imports grew 17.9 pct, while excluding oil products and ships, imports rose 12.5 pct).

The value of export-deliveries totaled 2.543 billion euros in August, up 25 pct from the same month last year (excluding oil products, exports grew 10.5 pct, while excluding oil products and ships, exports rose 11.5 pct).

The country’s trade deficit was 1.919 billion euros in August, up 15.1 pct from August 2017 (excluding oil products, the trade deficit rose 26.6 pct while, excluding oil products and ships, the trade deficit rose 13.7 pct).

In the January-August period, imports totaled 36.510 billion euros, up 9.0 pct from the corresponding period last year (excluding oil products, imports rose 3.5 pct, while excluding oil products and ships, imports grew 9.2 pct). The value of exports totaled 21.961 billion euros in the eight-month period, up 17.6 pct from the same period in 2017 (excluding oil products exports grew 12.9 pct while excluding oil products and ships exports rose 12.6 pct). The trade deficit totaled 14.548 billion euros in the January-August period, down 1.8 pct compared with the corresponding period in 2017 (excluding oil products the trade deficit fell 6.1 pct while excluding oil products and ships the trade deficit grew 4.9 pct).