Greece’s trade deficit witnessed an alarming increase of 18.7% in Nov. last year, driven by a rise in imports and a drop in exports, according to the latest data from the Hellenic Statistical Authority, (ELSTAT). This trend has raised concerns about the country’s economic balance.
Import and Export Figures for Nov. 2024
The total value of imports in Nov. 2024 reached 7.2056 billion euros, compared to 6.9837 billion euros in Nov. 2023, marking a 3.2% increase. Excluding petroleum products, imports rose by 256.6 million euros (4.9%), and when further excluding both petroleum products and ships, the increase stood at 258.7 million euros (5%).
Regarding exports, the total value in Nov. 2024 dropped to 4.0246 billion euros from 4.3043 billion euros in the same month of 2023, registering a 6.5% decline. However, exports excluding petroleum products saw an increase of 157.5 million euros (5.2%), and when excluding petroleum products and ships, the rise was 173.8 million euros (5.8%).
Consequently, the trade deficit for Nov. climbed to 3.181 billion euros, compared to 2.6794 billion euros in Nov. 2023. This represents an 18.7% increase. Without petroleum products, the deficit grew by 99.1 million euros (4.5%), and when both petroleum products and ships were excluded, the increase was 84.9 million euros (3.8%).
11-Month Trade Deficit Trend
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023. Imports excluding petroleum products increased by 2.2223 billion euros (4%), and when excluding petroleum products and ships, the increase amounted to 2.1788 billion euros (3.9%).
Meanwhile, the total value of exports over the same period fell by 3% to 45.8688 billion euros, down from 47.2783 billion euros in 2023. Exports excluding petroleum products rose by 401.6 million euros (1.2%), and when both petroleum products and ships were excluded, the growth was 425.5 million euros (1.3%).
As a result, the trade deficit for the Jan-Nov. period widened to 31.5105 billion euros, up 9.9% from 28.6699 billion euros in 2023. Excluding petroleum products, the deficit increased by 1.8207 billion euros (7.8%), and when further excluding ships, the rise was 1.7533 billion euros (7.5%).
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece Faces Renewed Fears of Water Crisis Ahead of Summer 2025
Following a prolonged drought that began in 2024, fears of a water crisis highlight the urgent need for infrastructure improvements
Harvard, Yale, Columbia, and More Seek Collaboration with Greek Unis
Greece's former Minister of Education Kyriakos Pierrakakis announces an €82 million funding boost to support the partnerships
Greek Government Reshuffle Brings in More Young Technocrats
Greek PM Mitsotakis has brought in younger leaders and technocrats in a bid to accelerate the government's efforts at modernization and efficiency, according to New Democracy insiders
Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.
Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.
EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.
Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.
Unemployment Rate in Greece Down 8.9% in January: IOBE
The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report.
Demand for Short Term Rentals in Greece Surges Ahead of Easter
Among the most popular Easter destinations from Good Friday to Easter Monday are Corfu, Hydra, the Peloponnese, Ioannina, Patmos, Loutra Edipsou, Kavala, Thassos, and Pelion
Opposition Reacts Strongly to Greek Government Reshuffle
PASOK's spokesperson, Kostas Tsoukalas, characterized the reshuffle as a clear indication of Mitsotakis' "strategic deadlock."
![Airbnb: Ποιοι ελληνικοί προορισμοί θα γεμίσουν το Πάσχα [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/08/Airbnb-to-vima-90x90.jpg)
![Ξενοδοχεία: Άλμα 40% στις αξίες την τελευταία τετραετία – Πανευρωπαϊκή πρωτιά [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/10/ksenodoxio-90x90.jpg)
![Airbnb: Ποιοι ελληνικοί προορισμοί θα γεμίσουν το Πάσχα [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/08/Airbnb-to-vima-600x399.jpg)
