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ELSTAT Notes Exports Drop

Greek exports fell significantly in April, while imports eased moderately, according to the latest stats released by the Greek Statistics Authority ELSTAT.

The road to Greek recovery is not going to be an easy, straightforward one and analysts have maintained that. The Greek economy is not yet either stable, or competitive enough to see a steady rise in exports, or a stable drop in imports.

The Hellenic Statistical Authority ELSTAT, in its report, said that the value of export-deliveries totaled 2.019 billion euros in April, from 2.553 billion in the same month last year, for a decline of 20.9% (excluding oil products the value of exports fell by 12.4%). The value of import-arrivals totaled 3.629 billion euros in April, from 3.930 billion in the same month last year, for a decline of 7.7% (excluding petroleum products the value of imports fell 4%).