Greek trade deficit up 91.7 pct in January

Greek trade deficit jumped 91.7 pct in January reflecting the import of ships from third countries, Hellenic Statistical Authority said on Friday.

The statistics service said the value of import-arrivals totaled 4.463 billion euros in the first month of 2017, from 2.935 billion in January 2016, for an increase of 52.1 pct. This significant increase reflected the import of ships from third countries (excluding oil products imports grew by 1.073 billion euros or by 44.4 pct, while excluding oil products and ships imports grew by 263.2 million euros or by 11.4 pct).

The value of exports-deliveries totaled 2.126 billion euros in January, from 1.716 bln in January 2016, for an increase of 23.9 pct (excluding oil products exports grew by 84.1 million euros or 6.3 pct while excluding oil products and ships exports grew 58.9 pct or 4.4 pct).

The country’s trade deficit amounted to 2.337 billion euros in January, up 91.7 pct from 1.219 billion in January last year (excluding oil products the trade deficit grew by 988.5 million or 84.9 pct, while excluding oil products and ships the trade deficit rose by 204.3 million euros or 20.7 pct).