Greek trade deficit down 1.8 pct in Jan-Nov

7 January 2016
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Greek trade deficit shrank by 1.8 pct in November as imports fell more in value compared with a decline in exports, Hellenic Statistical Authority said on Thursday.

The statistics service, in a report on the country’s merchandise trade, said that the value of import-arrivals totaled 3.647 billion euros in November, from 3.904 billion in November 2014, for a decline of 6.6 pct (excluding oil products imports fell by 1.8 pct).

The value of export-deliveries totaled 2.117 billion euros in November from 2.347 billion last year, for a decline of 9.8 pct (excluding oil products the value of exports fell 3.6 pct).

The country’s trade deficit eased to 1.53 billion euros from 1.557 billion in November last year, for a decline of 1.8 pct (excluding oil products the trade deficit grew by 0.5 pct).

In the January-November period, exports totaled 39.863 billion euros, from 44.012 billion in 2014, a decline of 9.4 pct (excluding oil products exports grew by 1.1 pct).

The value of imports amounted to 23.648 billion euros in January-November, from 25.035 billion last year, a decline of 5.5 pct (excluding oil products exports grew 8.4 pct).

The country’s trade deficit totaled 16.215 billion euros in the 11-month period, from 18.976 billion euros last year, a decline of 14.6 pct (excluding oil products the trade deficit fell by 6.9 pct).

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