Greek exports continued their recovery in November

10 January 2017
96 Views

The rise in exports continued in November, coming to 4.2 percent on a monthly basis or 11.1 percent not including fuel products. This was the fourth consecutive month with a rise in the value of exports, which has reduced to just 2.1 percent the total decline on an annual basis recorded in the first 11 months of 2016.

Data analyzed by the Panhellenic Exporters’ Association showed that the total value of exports came to 2.21 billion euros in November, up from 2.12 billion euros in October. The sum of exports in the year to end-November came to 23.1 billion euros against 23.6 billion in the first 11 months of 2015.

Exporters’ association sources say that the figures collected make it possible that a new exports record could be recorded in 2016 for a second year in a row, when the December figures come in too.

At the same time, an improvement of the climate in commerce has also resulted in the rise of imports, which increased 2.9 percent in November from October 2016 and taking the rise of 2016 (in the January-to-November period) to 0.5 percent, or 6.4 percent not including fuel products.

Consequently the country’s trade deficit expanded by 4.3 percent year-on-year to 16.9 billion euros including fuel, or by 11.8 percent excluding fuel products.

You may be interested

The Search for a Lost City Founded by Alexander the Great
ART
shares64 views
ART
shares64 views

The Search for a Lost City Founded by Alexander the Great

Panos - Sep 26, 2017

British Museum researchers say they may have found Alexander the Great’s lost city of Qalatga Darband in Iraq, according to…

Beautiful water tornado captured on camera in Zakynthos
GREECE
shares62 views
GREECE
shares62 views

Beautiful water tornado captured on camera in Zakynthos

Panos - Sep 26, 2017

A local resident from the Ionian island of Zakynthos off the west coast of Greece captured an amazing natural phenomenon…

Former US Treasury Secretary Jack Lew for Greece
FINANCE
shares49 views
FINANCE
shares49 views

Former US Treasury Secretary Jack Lew for Greece

Panos - Sep 26, 2017

Former US Treasury Secretary Jack Lew will stress that fiscal improvement by Greece over the last few years lays the…

Leave a Comment

Your email address will not be published.