Greece’s trade deficit decreased by 11.3% in December 2023, and by 20% overall during the previous year, the Hellenic Statistical Authority (EL.STAT) announced on Wednesday.
Specifically, the value of imports totaled 6.307 billion euros in December 2023, down 17.7% from the corresponding month in 2022. Excluding oil products, imports fell by 13.7%, while excluding oil products and vessel purchases, imports fell 14.2%.
The value of exports totaled 3,702 billion euros in December 2023, down 21.7% from December 2022. Excluding oil products, exports fell 20.9%, while excluding oil products and vessels, exports fell 20.7%.
The trade deficit reached 2.605 billion euros in December 2023, down 11.3% from December 2022. Excluding oil products, the deficit fell by 2.9%, while excluding oil products and vessels, it fell by 4.1%.
The value of imports throughout all of 2023 reached 81.966 billion euros, down 13.3% from 2022. Excluding oil products, imports fell 4.1%, and excluding oil products and vessels, imports dropped by 3.9%.
The value of exports fell by 8.7% in 2023 to reach 50.920 billion euros. Excluding oil products, exports fell 3%, and excluding oil products and vessels, exports decreased by 3.2%.
The trade deficit totaled 31.046 billion euros in 2023, down 20% from the previous year. Excluding oil products, the deficit fell by 5.5%, and excluding oil products and vessels, the deficit fell by 4.9%.
Source: tovima.com
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