A significant increase, by 21% compared to 2020, was recorded by Greek exports of the clothing-textile sector during the first five months of 2021 and amounted to 763 million euros, according to today’s announcement of the Association of Knit and Ready-made Garments (SEPEE).
The protagonist in this positive course of the chain was the exports of the primary sector, namely cotton, which recorded an increase of 49%, compared to the corresponding five months last year, and amounted to 257 million euros.
Garment exports increased by 11%, amounting to 333 million. The course of garment exports was, according to SEPEE, impressive in the quarter March-May, as an increase of 70% was recorded, thus overcoming the 30% decrease of the first two months.
In the textile sector, exports also increased by 8% to 173 million euros.
In terms of imports, an increase of 4.9% was recorded. The increase was higher in textile imports by 12%, while clothing imports increased by 2% and reached a value of 730 million euros.
Latest News
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight