Trade deficit spirals
- Written by E.Tsiliopoulos
A great increase of 34.2% was recorded in the trade deficit of the country in September this year, due to the continuing growth of imports and a further reduction of Greek exports.
As a result, at the end of 9 months, the trade deficit is increasing by 8.7%.
In particular, the data of ELSTAT for the course of the country's trade in goods show the following:
The total value of imports amounted to 4.35 billion euros in September 2014 compared to 4.0436 billion euros in the same month of 2013, an increase of 7.6% (excluding oil it increased by 329, 3 million euros, or 13.3%).
The total value of exports; shipments amounted to 2.2858 billion euros from 2.5045 billion euros in September 2013, a decrease of 8.7% (excluding oil, fit ell by 2 million euros, or 0.1%).
The trade deficit amounted to 2.0649 billion euros from 1.5391 billion euros in September last year, an increase of 34.2% (excluding oil, it rose by 331.3 million euros, or 31.1%).
The period from January to September this year, the total value of imports amounted to 3.56849 billion euros, as against 3.53523 billion in the first 9 months of 2013, an increase of 0.9% (excluding oil, it rose by 1,620,800 euros, or 7.3%).
The total value of exports; shipments amounted to 2,001,180,000 euros as against 2.09383 billion euros 9m last year, a decrease of 4.4% (excluding oil, it fell by 323.9 million euros, or 2,6%).
The trade deficit amounted to 1.56731 million. Euro 14,414.0 million. EUR 9m last year, an increase of 8.7% (excluding oil, it increased by 1.9447 billion euros, or 19.7 %).