Greek trade deficit down 18.5 pct in Jan-Aug‏

Gazzetta team 8 Οκτωβρίου 2015 - 14:37

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Greece's trade deficit shrank by 8.8 pct in August reflecting a big decline both in imports and exports as a result of the imposition of capital controls in the country, Hellenic Statistical Authority said on Thursday.

The statistics service, in a report on merchandise trade, said that the value of import-arrivals totaled 3.009 billion euros in August, from 3.302 billion in August 2014, a decline of 8.9 pct (excluding oil products the value of imports fell by 8.4 pct).

The value of export-deliveries totaled 1.894 billion euros in August, from 2.079 billion last year, for a decline of 8.9 pct (excluding oil products the value of exports fell 6.8 pct).

The trade deficit fell 8.8 pct to 1.115 billion euros in August, from 1.223 billion euros (excluding oil products the trade deficit shrank by 27.5 pct).

In the January-August period, the value of imports totaled 28.337 billion euros, from 31.452 billion in the same period last year, for a decline of 9.9 pct (excluding oil products the value of imports fell 2.0 pct).

The value of exports totaled 17.241 billion euros in the eight-month period, from 17.836 billion last year, for a decline of 3.3 pct (excluding oil products the value of exports grew 12.3 pct).

The country's trade deficit totaled 11.096 billion in the January-August period, from 13.616 billion in 2014, for a decline of 18.5 pct (excluding oil products the trade deficit shrank by 16.6 pct).