Greece’s trade deficit increased by an eyebrow-raising 50.7 percent in 2022, although it fell by 10.6-percent in the last month of the year, December, the Hellenic Statistical Authority (EL.STAT) announced on Tuesday.
Specifically, the value of imports in December 2022 reached 7.471 billion euros, up 8.4 percent from the corresponding month in 2021. Excluding oil products, imports rose by 3.1 percent, while excluding oil products and vessel purchases, imports rose 2.6 percent.
The value of exports reached 4.522 billion euros in December 2022, up 25.7 percent compared to the same month in 2021. Excluding oil products, exports grew by 16.1 percent, while excluding oil products and vessel purchases, exports increased by 16.1 percent.
The trade deficit in Greece totaled 2.944 billion euros in December 2022, down by 10.6 percent from December 2021. Excluding oil products, the deficit fell by 11.1 percent, while excluding oil products and vessel sales, the deficit fell by 12.2 percent.
In 2022, the value of imports reached 93.048 billion euros, up 42.2 percent from 2021. The value of exports totaled 54.676 billion euros in 2022, up 36.7 percent from the previous year.
The country’s trade deficit reached 38.372 billion euros in 2022, up 50.7 percent from 2021.
Latest News
Layoffs in Greece on Par with Hires for September: ERGANI
The data is expected as the country's tourist season ended, resulting in an upswing in the number of employees departing as thousands of seasonal workers are left out of the job market
International Xinomavro Day: Honoring Greece’s Premier Grape on November 1st
This initiative was met with an enthusiastic response across Greece and has since been embraced internationally.
Greek Fin. Min. Hatzidakis: Tax Reductions Planned for 2025-2027
“We want to further reduce taxes, not because we want to be agreeable, but because we can,” said the minister.
Athens Metro Extends Weekend Hours to 2 a.m. on Lines 2 and 3
As part of the Strategic Transport Plan, the Athens Urban Transport Organization (OASA) is also preparing significant changes to city bus routes, set to be completed by May 2025.
Greece Needs Reforms for Ratings Upgrade
Fitch is expected to release its evaluation of the Greek economy on Nov. 22, with a possible scenario being an upgrade of the economy from “stable” to “positive”
EFKA Overhaul to Enable Online Access to Social Security Info
Greece's pension and social security system has been so bureaucratic and complex that some citizens hire consultants simply to understand their work credits and benefits.
Greek Authorities Issue Safety Tips After Spike in ‘Phishing’ Scams
According to the Ministry's announcement, unsuspecting citizens were being urged to visit a specific website to check for their so-called "unclaimed benefits"
Greek Construction: €5.3bln Investment in 4 Years, Says Alpha Bank Report
Alpha Bank underlines that despite these drawbacks, the construction building sector has shown positive performance since the beginning of the year, maintaining the growth trajectory of recent years
Faliro Delta Park Set for Construction After Securing Funds
The 54-hectare park to be constructed on the coastal front in Faliro near Athens is scheduled to be handed over to the public by 2028
PM Mitsotakis Inaugurates Modern AADE Headquarters
He also stressed that his government is in an ongoing “fight” against tax evasion, emphasizing that “As tax evasion decreases, we will proceed with further tax reductions