Greece’s trade deficit decreased by 16.8% in the eight months

A decrease of 16.8% was noted in the trade deficit during the eight months January-August 2023.

According to Hellenic Statistical Authority-ELSTAT data, the trade balance deficit during the period January-August 2023 amounted to 20,115.0 million euros ($21,549.5 million) against 24,169.4 million euros ($25,658.8 million ) during the same period of the year 2022, showing a decrease, in euros, of 16.8%. In fact, the total value of exports decreased by 5.7%, while imports by 10.2%.

The picture in August

The total value of imports – arrivals, during the month of August 2023 amounted to 6,383.6 million euros (6,943.2 million dollars) against 7,768.5 million euros (7,844.6 million dollars) in the same month of the year 2022 showing a decrease, in euros, of 17.8%, according to the provisional data of the Hellenic Statistical Service.

The corresponding value without oil products during the month of August 2023 showed a decrease of 79.0 million euros, i.e. 1.7%, while the corresponding value without oil products and ships during the month of August 2023 showed a decrease of 68.1 million euros. euros, i.e. 1.5%, compared to the month of August 2022.

Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunrise, logistic import export and transport industry background

The total value of exports – shipments, during the month of August 2023 amounted to 3,637.5 million euros (3,980.2 million dollars) against 4,816.8 million euros (4,893.2 million dollars) in the same month of the year 2022 showing a decrease, in euros, of 24.5%.

The corresponding value without petroleum products during the month of August 2023 showed a decrease of 371.4 million euros, i.e. 14.3% and the corresponding value without petroleum products and ships during the month of August 2023 showed a decrease of 370.6 million euros, i.e. 14.3%, compared to the month of August 2022.

The trade balance deficit in the month of August 2023 amounted to 2,746.1 million euros ($2,963.0 million) against 2,951.7 million euros ($2,951.4 million) in the same month of the year 2022, presenting reduction, in euros, of 7.0%.

The corresponding value without oil products during the month of August 2023 showed an increase in the deficit by 292.4 million euros, i.e. 14.2%, while the corresponding value without oil products and ships during the month of August 2023 showed an increase of 302.5 million euros, i.e. 14.8% compared to the month of August 2022.

What happened in the 8 months?

The total value of imports – arrivals during the period January-August 2023 amounted to 53,894.7 million euros (58,305.5 million dollars) against 60,000.2 million euros (64,088.6 million dollars) in same period of the year 2022, showing a decrease, in euros, of 10.2%.

The corresponding value without oil products showed a decrease of 679.2 million euros, i.e. 1.7% and the corresponding value without oil products and ships showed a decrease of 712.0 million euros, i.e. 1.8%, compared to the period January-August 2022.

The total value of exports – shipments during the period January-August 2023 amounted to 33,779.7 million euros ($36,756.0 million) against 35,830.8 million euros ($38,429.8 million) in same period of the year 2022, showing a decrease, in euros, of 5.7%.

The corresponding value without oil products showed an increase of 543.8 million euros, i.e. 2.4% and the corresponding value without oil products and ships showed an increase of 464.7 million euros, i.e. 2.0%, compared to the period January-August 2022.

The trade deficit in the period January-August 2023 amounted to 20,115.0 million euros ($21,549.5 million) against 24,169.4 million euros ($25,658.8 million) in the same period of the year 2022, showing a decrease, in euros, of 16.8%.

The corresponding size without oil products showed a decrease of 1,223.0 million euros, i.e. 7.0% and the corresponding size without oil products and ships showed a decrease of 1,176.7 million euros, i.e. 6.8%.