Greek exports up 16.5 pct in January-February

Greek exports grew significantly in February this year and combined with a slight decline in imports led to a further shrinking of the country’s trade deficit, Hellenic Statistical Authority said on Thursday.

The statistics service, in a report, said that Greek exports grew 14.6 pct in February, imports fell 0.8 pct and the trade deficit shrank by 16.6 pct in the month. In the two-month period from January to February the trade deficit fell 15.5 pct.

The value of import-arrivals totaled 4.136 billion euros in February, down 0.8 pct from February 2017 (excluding oil products the value of imports grew 0.7 pct while excluding oil products and ships imports grew 6.0 pct).

The value of export-deliveries totaled 2.416 billion euros in February, up 14.6 pct from the same month last year (excluding oil products exports rose 14 pct and excluding oil products and ships exports rose 13.5 pct).

The trade deficit amounted to 1.719 billion euros, down 16.6 pct from February 2017 (excluding oil products fell 11.4 pct and excluding oil products and ships the trade deficit eased 2.7 pct).

In the January-February period, imports amounted to 8.659 billion euros, up 0.2 pct from the same period in 2017 (excluding oil products imports fell 5.3 pct and excluding oil products and ships imports grew 11.9 pct). In the same period, exports amounted to 4.951 billion euros, up 16.5 pct from 2017 (excluding oil products exports grew 16.6 pct and excluding oil products and ships exports rose 17.5 pct).

The trade deficit amounted to 3.708 billion euros in the two-month period, down 15.5 pct from the same period in 2017 (excluding oil products the trade deficit grew 22.6 pct and excluding oil products and ships the trade deficit was up 5.5 pct).