Greek trade deficit up 44.8 pct in Q1

Greek trade deficit grew 36.2 pct in March this year, compared with the same month in 2016, as imports grew more than exports, with the trade deficit rising 44.8 pct in the first quarter of 2017, Hellenic Statistical Authority said on Monday.

The statistics service, in a monthly report, said that the value of import-arrivals amounted to 4.776 billion euros in March, from 3.668 billion the same month last year, for an increase of 30.2 pct (excluding oil products imports grew 13.1 pct, while excluding oil products and ships imports rose 9.9 pct).

The value of export-deliveries totaled 2.633 billion euros in March, from 2.095 billion March 2016, an increase of 25.7 pct (excluding oil products exports grew 12.5 pct while excluding oil products and ships exports rose 12.6 pct).

The country’s trade deficit totaled 2.142 billion euros in March, from 1.573 billion the same month last year, an increase of 36.2 pct (excluding oil products the trade deficit rose 13.7 pct and excluding oil products and ships the trade deficit rose 6.6 pct).

In the first three months of 2017, the value of imports totaled 13.355 billion euros, up 31 pct from the same period in 2016 (excluding oil products imports grew 18.5 pct and excluding oil products and ships imports rose 6.3 pct).

The value of exports grew 20.3 pct to 6.879 billion euros in the first quarter (excluding oil products exports rose 6.4 pct and the excluding oil products and ships it rose 5.9 pct).

The country’s trade deficit grew 44.8 pct to 6.476 billion euros in the first three months of 2017 (excluding oil products it rose 32.2 pct and the excluding oil products and ships it grew by 6.8 pct).