Greece Trade Deficit at 31.04 Bln€ in 2023; down 20% From 2022

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%.