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
ETC Report: Greece 3rd Most Popular Destination for Europeans
Italy and Spain are tied as the top destinations, each attracting 8% of travelers
Greece Battles EC to Protect Rice Industry and Public Health
Together with several other EU countries, Greece successfully blocked the European Commission's proposal to increase allowable levels of a banned pesticide commonly found in rice imported from southeast Asia
Eurostat: 3.2% Annual Inflation in Greece in April
The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation
Intrum’s 2024 Report Unveils Greek Businesses Embrace Digitalization for Growth
Looking ahead, over 40% of businesses prioritize development for 2024, with 65% recognizing the potential of digital business models as sustainable investments
IOBE: Mild Drop in April Business Confidence Index (BCI) in Greece
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop
Greek PM Mitsotakis Calls on EU to Intervene Over Multinationals’ Pricing Policy
Speaking about price fairness, the Prime Minister emphasized, "Europe should also mean similar or uniform prices for the products sold by our multinational corporations.
Greenhouse Gas Emissions: 4% Decrease in EU, 0.3% Rise in Greece in Q4 2023
The EU's GDP remained stable with a marginal 0.2% increase in fourth quarter of 2023
HEREMA CEO: High Expectations from Natgas Exploration Off Crete
3D seismic surveys were conducted in the two offshore blocks west and southwest of Crete by a consortium comprised of ExxonMobil and HelleniQ Energy
EC Spring Forecast: Greek GDP at 2.2 in 2024, 2.3% in 2025
Besides Greek GDP inflation is expected to drop by a substantial 2.4% in 2024, settling at 2.8% from 4.2% in 2023 with 2025 recording a further decline to 2.1%
EBRD Raises Outlook for Greek GDP to 2.3% in 2024, 2.6% in 2025
Key downside risks remain, associated with possible delays in deploying Recovery and Resilience Facility (RRF) funds and weaknesses in key export markets and tourism source countries