Greece’s trade deficit decreased by 11 percent in May 2023, in tandem with a 15.4-percent downturn in exports and a 13.6-percent drop in imports, Hellenic Statistical Authority announced on Friday.
Specifically, the value of imports totaled 7.0 billion euros in May 2023, down 13.6 percent from the same month last year (excluding oil products imports fell 4.8 percent, while excluding oil products and ships, imports eased 4.7 percent). The value of exports totaled 4.063 billion euros, down 15.4 percent from May 2022 (excluding oil products, exports rose 14.6 percent and excluding oil products and ships, exports rose 3.6 percent).
The trade deficit amounted to 2.942 billion euros, down 11 percent from May 2022, (excluding oil products and ships the deficit was down 14.6 percent, while excluding oil products and ships the deficit fell 13.8 percent).
In the January-May period, imports totaled 34.016 billion euros, down 4.5 percent from the corresponding period last year (excluding oil products, imports fell 0.5 percent, while excluding oil products and ships, imports fell 0.6 percent). Exports rose 5.7 percent in the five-month period to 21.763 billion euros (excluding oil products, exports rose 8 percent, and excluding oil products and ships, exports rose 7.5 percent). The trade deficit fell 18.4 percent to 12.253 billion euros (excluding oil products, the deficit fell 11.5 percent, while excluding oil products and ships the deficit fell 11.1 percent)
Latest News
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
Greece Honored Country at World Travel Market (WTM) 2024
Greece held a prominent position within the exhibition space, with its main entrance adorned digitally in Greek colors.
Inflation in Greece Down to 2.4% in October, ELSTAT says
On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year
First-Ever Pop-Up American Space at a Sports Venue Opens at Georgios Karaiskakis Stadium
The new Pop-Up American Space was inaugurated at the Georgios Karaiskakis Stadium by US Amb. George J. Tsunis, Olympiacos FC President Evangelos Marinakis and the Mayor of Piraeus, Yannis Moralis