Greek trade deficit down in June, up in H1

Greek trade deficit down in June, up in H1

Greek trade deficit shrank 2t.9 pct in June this year as the value of imports dropped significantly more compared with exports, Hellenic Statistical Authority said on Wednesday.

More specifically, the value of import-arrivals totaled 4.289 billion euros in June from 5.016 billion in June 208, a decline of 14.5 pct (excluding oil products imports fell 6.0 pct while excluding oil products and ships imports fell 4.5 pct). The value of exports amounted to 2.763 billion euros from 3.035 billion last year, a decline of 9.0 pct (excluding oil products exports fell 9.0 pct while excluding oil products and ships exports fell 6.0 pct).

The country’s trade deficit was 1.526 billion euros in Jun, down 22.9 pct from June 2018 (excluding oil products the trade deficit fell 1.6 pct while excluding oil products and ships the trade deficit eased 2.2 pct).

In the first half of 2019, the value of imports was 27.778 billion euros, up 4.7 pct from the same period in 2018 (excluding oil products imports rose 6.6 pct while excluding oil products and ships imports rose 6.7 pct). The value of exports was 16.826 billion in January-June, up 2.2 pct from 2018 (excluding oil products exports rose 3.8 pct while excluding oil products and  ships exports rose 4.3 pct).