![131.5% increase in trade deficit, 30% increase in exports](https://www.ot.gr/wp-content/uploads/2021/11/exago.jpg)
The balance of trade deficit increased by 131.5% in the two months January-February 2022 and amounted to 6,091.9 million euros ($ 6,832.6 million) against 2,631.5 million euros ($ 3,146.3 million) during the same period of the year 2021
According to Hellenic Statistics Authority-ELSTAT data, the corresponding size excluding petroleum products increased by 1,645.9 million euros, ie 75.9% and the corresponding size excluding petroleum products and ships increased by 1,630.0 million euros, ie 75 , 6%.
In particular, the total value of imports – arrivals, in February 2022 amounted to 6,774.2 million euros ($ 7,660.6 million) compared to 4,058.4 million euros ($ 4,895.0 million) in same month of the year 2021, showing an increase, in euros, 66.9%.
The corresponding value without petroleum products in February 2022 increased by 1,306.3 million euros, ie 40.4%, while the corresponding value without petroleum products and ships in February 2022 increased by 1,299.1 million. euros, ie 40.3%, compared to the month of February 2021.
Imports
The total value of imports – arrivals during the period January-February 2022 amounted to 13,163.0 million euros (14,867.3 million dollars) against 8,061.5 million euros (9,755.5 million dollars) in same period of 2021, showing an increase of 63.3% in euros.
The corresponding value without petroleum products increased by 2,651.3 million euros, ie 41.9% and the corresponding value without petroleum products and ships increased by 2,631.0 million euros, ie 41.8%, compared to the period January-February 2021.
Exports
The total value of exports – shipments during the period January-February 2022 amounted to 7,071.1 million euros ($ 8,034.7 million) compared to 5,430.0 million euros ($ 6,609.2 million) in same period of 2021, showing an increase of 30.2% in euros. The corresponding value without petroleum products increased by 1,005.4 million euros, ie 24.2% and the corresponding value without petroleum products and ships increased by 1,001.0 million euros, ie 24.2%, compared to the period January-February 2021.
The total value of exports – shipments in the month of February 2022 amounted to 3,645.7 million euros ($ 4,147.6 million) against 2,907.5 million euros ($ 3,528.1 million) in the same month of the year 2021 showing an increase, in euros, of 25.4%. The corresponding value without petroleum products in February 2022 increased by 564.4 million euros, ie 26.4% and the corresponding value without petroleum products and ships in February 2022 increased by 563.4 million euros, that is 26.4%, compared to the month of February 2021.
The trade deficit in February 2022 amounted to 3,128.5 million euros ($ 3,513.0 million) compared to 1,150.9 million euros ($ 1,366.9 million) in the same month of 2021, showing increase, in euros, 171.8%. The corresponding value without petroleum products in February 2022 showed an increase in the deficit by 741.9 million euros, ie 67.8%, while the corresponding value without petroleum products and ships in February 2022 showed an increase by 735.7 million euros, ie 67.5% compared to the month of February 2021.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Critical Week for Greece-Cyprus Cable](https://www.ot.gr/wp-content/uploads/2024/07/kalodio_elladas_cyprus_israil.jpeg)
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](https://www.ot.gr/wp-content/uploads/2024/07/2024-07-16T110250Z_1107936467_RC2BW8AZP0U4_RTRMADP_5_EU-PARLIAMENT-2048x1366-1-600x400.jpg)
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](https://www.ot.gr/wp-content/uploads/2024/07/epixeiriseis_2-600x414.jpg)
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](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
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](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
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](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
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](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
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](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
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](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
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](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
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