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Greek Products record exports

Greek Products Record exports during first quarter of 2017

A continuing increase in Greek exports during the first two months of 2017 contributed significantly to improving the terms of external trade of Greece, despite a slackening upward trend in March.

According to an analysis by the Export Research & Studies Center, Greek exports, including petroleum products, increased by 31.5% during the January-March 2017 quarter in relation to the respective quarter in 2016, while in corresponding value terms their value increased to 4,566.9 million euros from 3,473.4 million euros.


Organisation for Economic Co-operation and Development (OECD) recent estimates project an increase of 9.4% in Greek exports during 2017.


Exports up 14.7% in May  


Greek exports continued rising in May, while imports shrank further due to weak domestic demand, as the Hellenic Statistical Authority announced.


The statistical service, in a report, said the value of export-deliveries - excluding petroleum products - totaled 1.331 billion euros in May this year, up from 1.161 billion euros in the same month in 2016, an increase of 14.7 pct.


The value of import-arrivals, excluding petroleum products, totaled 2.696 billion euros, down from 2.926 billion euros over the same periods, respectively, for a decline of 7.9 pct.


The statistical service said that including oil products, the value of exports soared 54.9 pct to 2.019 billion euros, while the value of imports fell to 3.2 billion euros from 3.9 billion euros.